The Nigerian naira appreciated significantly in the parallel market, reaching N1,390 per dollar with a 2.16% gain. The exchange rate gap between official and parallel markets narrowed to N35, marking improved economic transparency and reduced volatility.
The West Africa Industrialisation, Manufacturing & Trade Summit in March 2026 will unite ministers, investors, and industry leaders to tackle energy, financing, and regulatory challenges under AfCFTA implementation.
The Federal Government has waived N3 billion in business name registration fees for MSMEs, leading to a surge in daily filings from hundreds to nearly 10,000. Over 60,000 businesses have registered, gaining access to funding and growth opportunities.
Intense competition among Nigerian petrol marketers has led to significant price reductions at filling stations, with Dangote Refinery lowering gantry prices and retailers adjusting pump rates to retain market share.
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NRS Executive Chairman Zacch Adedeji emphasizes that Nigeria's revenue reform success depends on leadership mindset transformation, not just policies or technology. He warns that hidden beliefs about control and perfection can undermine institutional chan
Nigeria's currency market sees narrowing gap as Central Bank reopens dollar sales to BDCs. The naira posted weekly gain despite slight depreciation on Friday, reflecting recovery trends.
The Nigerian naira depreciated against the US dollar in both official and parallel markets on Friday, February 13, 2026, closing at N1,355.42/$1 at NAFEM. However, it gained against the Pound Sterling and Euro. Analysts cite strong FX demand and CBN's non
NPA Managing Director Dr. Abubakar Dantsoho calls on traders and investors to leverage new Export Process Terminals and partnerships to boost Nigeria's global trade competitiveness.
Nigeria's proposed sugar tax increase from N10 to N130 per litre could raise drink prices by 20-50%, impacting health, jobs, and consumer budgets amid debates on effectiveness and equity.
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Valentine's Day in Nigeria drives massive consumer spending, benefiting businesses like florists, restaurants, and hotels. This article explores the top seven sectors cashing in on the love season, highlighting economic impacts and challenges.
As traditional destinations like the UK and US become financially prohibitive, Nigerians are turning to budget-friendly European countries offering study, work, and residency pathways with lower costs.
A Nigerian businessman visiting Spain was stunned to discover food, drinks, and groceries cost significantly less than in the UK, challenging his previous assumptions about European prices.
The Federal Government has launched applications for interest-free loans up to N300,000 through MarketMoni, TraderMoni, and FarmerMoni programs targeting entrepreneurs and farmers nationwide.
Billionaire Femi Otedola projects the naira could appreciate below N1,000 per dollar by year-end, citing Dangote Refinery's full capacity production as key driver.
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The Central Bank of Nigeria has authorized licensed bureaux de change to purchase up to $150,000 weekly from official sources, aiming to narrow the gap between official and parallel market rates and improve retail dollar access.
In a rare rebuke, six House Republicans joined Democrats to pass a measure targeting Trump's tariffs on Canada, signaling growing GOP unease with his trade policies despite presidential veto threats.
Nigerian states paid N455.38bn in foreign debt service in 2025, a 25.77% increase from 2024. Lagos leads with N92.80bn, as top 10 states account for 69% of repayments, raising fiscal concerns.
The Federal Government plans to begin selling state-owned assets to private investors from 2026 to strengthen the economy and attract investment, as announced by Finance Minister Wale Edun.
A young Nigerian woman's emotional online appeal for job opportunities has gone viral, highlighting widespread youth unemployment and the struggle to gain experience.
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New FAAC data reveals Nigerian states spent N455.38 billion on foreign debt service in 2025, a 25.77% increase from 2024, with Lagos, Rivers, and Kaduna leading the burden.
Finance Minister Wale Edun announces federal government plans to sell selected state-owned assets in 2026, emphasizing improved investment climate through recent reforms and public-private partnerships.
As gold approaches $5,000 per ounce, Nigerians face currency devaluation and inflation. This milestone highlights gold's role in preserving wealth against naira depreciation and economic instability.
Corporate Affairs Commission announces free business name registration for 3,500 small enterprises nationwide, partnering with Google to enhance digital tools and boost formalization.
The Nigerian naira appreciated to N1,351.02 per dollar at the official market, supported by increased dollar supply from foreign and domestic investors, signaling improved forex stability.
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Corporate Affairs Commission reveals 248 fraudulent registrations, hands staff to ICPC, and criticizes banks for enabling non-compliant companies to operate, weakening Nigeria's anti-corruption framework.
Malaysia introduces a digital platform enabling direct hiring of foreign workers, eliminating intermediaries to reduce costs and prevent exploitation.
Nigerian senators propose eliminating electricity subsidies to reduce fiscal pressure and fund the 2026 budget, potentially raising power costs for consumers nationwide.
Nigeria's federation account recorded over N35 trillion in inflows during 2025, marking a significant 29.63% increase from the previous year's N27 trillion, according to official figures released by the accountant-general.
Nigeria's foreign exchange market sees its widest gap in three years as political actors stockpile dollars ahead of 2027 elections, creating economic pressures.
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CBN Governor Olayemi Cardoso warns that excess liquidity and 2027 election cycle spending could undermine Nigeria's recent economic stability gains if not carefully managed.
