Nigeria’s crude oil industry extended its recovery in June 2026 as the country produced above its crude oil production allocation set by the Organisation of the...
Activity in Nigeria’s foreign exchange market rebounded strongly in the final week of June as total trading turnover climbed to $2.84 billion. According to the Weekly...
Nigeria has secured the first $1.5 billion under its $5 billion financing programme with First Abu Dhabi Bank (FAB), the initial drawdown from a structured funding...
Global credit rating agency Fitch Ratings has cautioned that Nigeria’s planned $5 billion financing transaction could introduce new vulnerabilities to the country’s debt profile, even as...
Nigeria recorded a significant increase in foreign exchange earnings from non-crude exports in 2025 with receipts rising by $1.86 billion compared to the previous year. Data...
The Federal Government has approved the evacuation of more than 1,000 Nigerians from South Africa following renewed concerns over xenophobic attacks and growing anti-immigrant tensions in...
More than 1,000 Nigerians have indicated their willingness to return home from South Africa following renewed concerns over xenophobic attacks and the safety of foreign nationals...
The Federal Government has moved closer to the establishment of state police following significant progress in ongoing efforts to develop the constitutional and legal framework required...
Nigeria has become the first capital market in Africa to adopt a T+1 settlement cycle, a significant milestone in the country’s efforts to modernize its financial...
The African Development Bank (AfDB) has identified unreliable electricity supply as one of the major obstacles limiting business growth and economic competitiveness in Nigeria, warning that...