Economy, markets, finance, CBN policy, energy, and industry.
During a strategic meeting in Yenagoa, officials from the Nigerian Content Development and Monitoring Board (NCDMB) and DMG Events reaffirmed their commitment to collaborate with the Bayelsa State government in preparation for the upcoming PNC 2026.
In a recent address, President Tinubu emphasized his administration's efforts to decrease Nigeria's reliance on oil revenue by bolstering non-oil sectors and utilizing gas for power and industrial growth. This strategic pivot aims to enhance economic resilience and promote sustainable development in the country.
President Bola Ahmed Tinubu has announced a strategic plan to reduce Nigeria's reliance on oil revenue by focusing on the development of non-oil sectors and leveraging natural gas for power and industrial growth. This initiative aims to diversify the economy and enhance sustainable growth in the face of global oil market fluctuations.
The World Bank highlights the rapid expansion of Nigeria's developer community amidst the global AI boom, but cautions that poorer populations may not benefit equally. As the GitHub developer base in Nigeria grows tenfold since 2020, concerns mount over the inclusivity of this technological advancement.
The Naira has seen a slight improvement in the parallel market, rising to N1,357 per dollar, while the official exchange rate shows a depreciation to N1,332.9. This shift highlights ongoing volatility in Nigeria's foreign exchange landscape.
Nigeria has surged four positions to eighth in Bloomberg's Africa investment risk ranking, a testament to President Bola Tinubu's ongoing economic reforms. This improvement highlights the nation's potential as an attractive destination for foreign investment in the region.
Seven-Up Bottling Company reaffirms its commitment to community development in Apapa-Iganmu, where it first launched its iconic 7UP beverage in 1960. The initiative aims to bolster local wellbeing through various social responsibility programs.
The Nigerian National Petroleum Corporation (NNPC) has reported a drop in its Federation receivables to ₦11.2 trillion, impacted by substantial energy security costs. This figure reflects an increase from previous levels, highlighting the ongoing financial challenges within the energy sector.
The Nigerian National Petroleum Corporation (NNPC) has released its annual financial report for 2025, raising critical discussions about the implications of fuel subsidy accounting. Experts emphasize the importance of transparency and accuracy in financial reporting, particularly as the country navigates economic challenges tied to fuel subsidies.
University students nationwide are embracing the Aliko Dangote Foundation’s initiative that offers free shares in the Dangote Petroleum Refinery IPO, marking a significant step towards financial literacy and investment engagement among youth. The program aims to cultivate a new generation of investors through direct participation in one of Africa's largest industrial ventures.
Fidson Pharmaceuticals has been chosen to manufacture a generic influenza antiviral as part of a global initiative aimed at increasing access to essential medicines. This development positions Nigeria among a select group of countries participating in a worldwide health effort to combat influenza outbreaks.
The Nigerian government has disbursed $22.5 million in charges related to its contentious $1.5 billion Total Return Swap financing from First Abu Dhabi Bank, according to data from the Debt Management Office (DMO). This financial move highlights ongoing concerns regarding the transparency and implications of such international financial arrangements.
