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President Bola Ahmed Tinubu has described the Nigerian stock market’s historic N100 trillion market capitalisation milestone as a strong signal of renewed confidence in the nation’s economy by both local and foreign investors. The President said the performance of the Nigerian Exchange (NGX) reflects broader macroeconomic improvements and changing global perceptions of Nigeria as an

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President and Chief Executive of the Dangote Group, Aliko Dangote, has filed a fresh petition with the Economic and Financial Crimes Commission (EFCC) against the immediate past Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed. The development was confirmed on Friday in a statement issued by the Dangote Group’s

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The Federal Government has earmarked N6 billion in the 2026 budget for the overhaul of aircraft engines within the Presidential Air Fleet (PAF), according to a detailed review of the budget document. A breakdown of the allocation shows that N3.859 billion has been set aside for the engine overhaul of the presidential jet with registration

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PwC Nigeria has been accredited as a system integrator for Nigeria’s mandatory e-invoicing framework under the Monitoring, Billing and Settlement (MBS) platform, marking a significant step in the country’s drive to modernise tax administration. The accreditation is part of broader government efforts to digitise tax processes, enhance transparency, and strengthen the accuracy and integrity of

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The Lagos Commodities and Futures Exchange (LCFE) has concluded plans to list more than ₦21 billion worth of gold bars produced by Kian Smith FZE, a move aimed at expanding investable asset classes and deepening Nigeria’s commodities and capital markets. The listing will feature 1kg London Bullion Market Association (LBMA)-certified gold bars, internationally recognised for

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The European Union (EU) and the Nigerian Economic Summit Group (NESG) have unveiled new policy frameworks aimed at revitalizing agriculture, boosting farmers’ incomes, and strengthening food security, signaling a decisive shift toward more interventionist strategies to protect the sector from global volatility. In Europe, the initiative follows an extraordinary meeting of EU Agriculture Ministers on

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Nigeria has expressed readiness to strengthen economic partnerships with Spain, emphasizing the country as a strategic partner and gateway between Africa and Europe. Foreign Affairs Minister Yusuf Tuggar, leading Nigeria’s delegation, engaged with CEOE, Spain’s top business confederation, highlighting opportunities across energy and gas, agriculture, infrastructure, industrial development, technology, fintech, and BPO services. Tuggar assured

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The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), led by Chief Executive Engr. Saidu Aliyu Mohammed, paid a courtesy visit to the Nigerian Electricity Regulatory Commission (NERC) to strengthen institutional collaboration between the two regulators. According to NERC’s official X handle, the discussions focused on enhancing synergy between the power and gas sectors to

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The Federal Government, through the Nigerian Ports Authority (NPA), continues to drive economic growth via trade facilitation, infrastructure development, and operational efficiency. A $60 million investment in green port initiatives by the administration of President Bola Tinubu is set to modernize NPA operations, with a strong focus on boosting local content development. Recent data from

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Operators in Nigeria’s manufacturing sector have raised alarms over the country’s persistently high lending rate of 36.6 per cent, which they describe as “restrictive” and detrimental to industrial growth. According to the Manufacturers Association of Nigeria (MAN), access to credit for manufacturers fell to ₦7.72 trillion as of March 2025, down from ₦8.53 trillion in

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