Nigeria has commenced the replacement of its 64-year-old National Control Centre in Osogbo, Osun State, with a modern facility designed to improve real-time management, monitoring and...
Nigeria’s gross external reserves climbed to $55.25 billion as of September 18, 2026, the highest level recorded in 18 years, strengthening the country’s capacity to withstand...
Nigeria’s balance of payments surplus increased by approximately 47 percent to $3.51 billion in the second quarter of 2026, strengthening the country’s external position as foreign...
The World Bank has committed an initial $25 million to Nigeria’s $300 million Distributed Renewable Energy Fund as the country seeks to attract significantly larger pools...
Nigeria’s crude oil export availability is coming under increased pressure after Dangote Petroleum Refinery purchased at least 16 million barrels of domestic crude for October delivery...
Nigeria could double investment flowing into its energy sector within the next five years as global supply disruptions increase demand for reliable energy-producing countries, according to...
Nigeria is building a stronger case for a sovereign credit rating upgrade as faster economic growth, rising foreign exchange reserves and an improving external position strengthen...
Nigeria’s foreign exchange utilisation surged by $13.22 billion to a record $34.59 billion in the first half of 2026, up 61.9 percent from $21.37 billion recorded...
FTSE Russell has restored Nigeria to Frontier Market status three years after removing the country over foreign exchange liquidity and capital repatriation challenges. The reclassification from...
Nigeria’s removal of petrol subsidies and overhaul of the foreign-exchange market freed an estimated N15.8 trillion for the federation between June 2023 and December 2025, but...