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Economy

BOCA ENERGY Chairman, Mr. James Ukachukwu, To Chair NUJ Lagos Correspondents’ Chapel Press Week 2026

Media
LAGOS, NIGERIA – June 6, 2026 – BOCA ENERGY RESOURCES LTD, a leading indigenous oil and gas company, has officially confirmed that its Chairman and Chief Executive Officer, Mr. James Ukachukwu, will chair the Nigeria Union...

Igbogbo/Baiyeku LCDA Records Impressive Compliance As Aroyewun  Leads Monthly Environmental Sanitation Exercise Across All Five Wards

Environment
Environmental Department Deploys Personnel, Equipment and Waste Trucks for Comprehensive Community Clean-Up Igbogbo/Baiyeku Local Council Development Area (IBLCDA) on Saturday recorded impressive compliance with the Lagos State Monthly Environmental Sanitation Exercise, as residents across the council area...

CBN Governor Cardoso: 20 Banks Fully Meet Recapitalisation Target As ₦4.05 Trillion Raised Ahead Of March 31 Deadline  

Economy
Abuja, Nigeria – February 26, 2026 – The Central Bank of Nigeria (CBN) has announced significant progress in its banking sector recapitalisation programme, with...

Naira Tumbles To N1,455/$ In Parallel Market, Official Rate Widens Gap To N105.5 As Dual Exchange Pressures Persist

Economy
Lagos, Nigeria – February 11, 2026 – The Nigerian naira recorded mixed fortunes across the country's dual foreign exchange markets yesterday, depreciating sharply in...

Nigeria Hits N6 Trillion FAAC Record In Q3 2025

Economy
The quarterly ritual of revenue distribution in Nigeria has, for once, delivered a historic surprise. According to the latest Quarterly Review by the Nigerian...

ALEX Summit 2025 Converges To Forge Solutions For Africa’s Testing Times

Business
As the continent stands at a pivotal crossroads, navigating a complex tapestry of socio-economic pressures and political headwinds, a beacon of strategic dialogue is...

CBN Introduces Sweeping Reforms To Revolutionize Nigeria’s ATM Landscape

Economy
The Central Bank of Nigeria (CBN) has unveiled a comprehensive set of new draft guidelines for Automated Teller Machine (ATM) operations, effectively superseding all...

President Tinubu Signs Landmark Tax Reform Bill Into Law To Boost Nigeria’s Economy

Economy
President Tinubu signs historic Tax Reform Bill into law to simplify Nigeria's tax system, boost revenue, and attract investments. Learn about the key changes. President...

WAES 2025: Foreign Affairs Minister, Amb. Yusuf Tuggar Advocates Greater Economic And Regional Integration In West Africa

Economy
Thursday, June 5, 2025. Lagos – Nigeria Nigeria’s Foreign Affairs Minister, Ambassador Yusuf Maitama Tuggar, has called on West African nations to collaborate towards greater...

Nigeria Spends $2bn On External Debt In Four Months

Economy
Nigeria spent about $2.01bn on external debt servicing between January and April 2025, marking a 50 per cent increase compared to the $1.33bn recorded...

Nigeria’s Bold Strides Towards Economic Revitalization And Environmental Sustainability

Economy
By Alfred B. Abiodun In recent months, Nigeria has embarked on a series of strategic initiatives aimed at bolstering its economy and reinforcing its commitment...

Nigerian Stock Market Commences 2025 With Robust N1.25 Trillion Surge

Capital Market
The Nigerian Exchange Limited (NGX) has initiated 2025 on a strong note, recording a substantial gain of N1.25 trillion in market capitalization during the...

Nigeria Set To Rebase GDP And Inflation Metrics By January’s End

Economy
The National Bureau of Statistics (NBS) has announced plans to rebase Nigeria's Gross Domestic Product (GDP) and Consumer Price Index (CPI) by the end...

Dangote Cement, FBNHoldings Boost Nigerian Equity Market By N53bn

Economy
The equity market bounced back on Thursday, recouping from its previous day’s loss with a gain of N53 billion. The resurgence was driven by...
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