Economy, markets, finance, CBN policy, energy, and industry.
The International Monetary Fund has urged Nigerian authorities to implement stronger regulatory measures in the banking sector to mitigate risks following recent recapitalisation efforts. This recommendation comes amid concerns over sovereign debt exposure and potential global financial instability triggered by market corrections.
As of October 14, 2026, the dollar is trading at varying rates across Nigeria's official and parallel foreign exchange markets, with significant implications for consumers and businesses alike.
Shell has confirmed the sale of its domestic gas business in Nigeria to Vaaris Energy, a move aimed at streamlining its portfolio and focusing on core strengths. This strategic transaction reflects Shell's ongoing efforts to optimize its operations in the competitive energy sector.
As discussions around concessional lending intensify, Oyedele emphasizes the need for equitable tax policies that protect vulnerable populations. He warns that excessive taxation on the poor could exacerbate existing economic inequalities.
SYNLAB is transforming the landscape of laboratory testing in Nigeria with its innovative home sample collection service, combining convenience with a commitment to quality. This initiative allows patients to bypass traditional waiting rooms and traffic, ensuring timely and accurate diagnostics at their doorstep.
In response to robust demand from investors, Dangote Petroleum Refinery has announced an extension of its Initial Public Offering (IPO) closing date. The company aims to allow more African stakeholders to engage in this significant investment opportunity.
In a stark revelation, Nigeria's debt interest payments surged to N7.7 trillion in the first half of 2026, outpacing government revenue by N1.5 trillion, according to the World Bank. This alarming trend underscores the mounting pressures of debt servicing on the nation’s public finances amidst a recovery in federal revenues.
The Nigerian government has successfully converted more than 120,000 vehicles to compressed natural gas (CNG) as part of President Tinubu's initiative, according to Minister Idris. The initiative also boasts over 400 certified conversion centres and more than 90 refuelling stations across the country, with plans for an additional 180 stations underway.
PalmPay has been recognized as the Digital Payments Platform of the Year at the prestigious Business Day BAFI Awards 2026, underscoring its pivotal role in advancing digital payments and financial inclusion in Nigeria.
As the IMF and World Bank convene in Bangkok, Nigeria aims to attract investment by showcasing its array of bankable projects in critical sectors. The meetings come at a time of heightened concerns over artificial intelligence, energy supply disruptions, and escalating national debts.
An in-depth investigation reveals discrepancies between TotalEnergies' assertion of ending routine gas flaring in Nigeria and satellite data indicating ongoing flare activity. This raises significant concerns about environmental accountability and corporate transparency in the oil sector.
With over 75 years of experience, Dorman Long Engineering stands as a testament to the evolution of Nigeria's engineering sector. As the nation embarks on a journey towards industrial growth, the company’s legacy provides valuable insights into building local capacity and meeting future demands.
