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WebAnalysts: Trade surplus to narrow as oil prices moderate
2+ day, 6+ hour ago (382+ words) Nigeria’s record merchandise trade surplus is expected to narrow over the second half of 2026 as global crude oil prices pull back from their recent peaks, according to economic analysts at Coronation Asset Management. This was contained in the firm’s Q2 2026 Trade…...
Nigeria’s 5G connections rise 41% in one year
5+ day, 3+ hour ago (621+ words) Nigeria’s 5G adoption surged 41 per cent in the year to June 2026, signalling a gradual shift towards faster mobile networks as users move away from older technologies. Fifth-generation mobile technology delivers faster speeds, lower latency and greater capacity for connected devices. Still,…...
Conflicting oil, inflation exchange rate forecasts behind budget gaps — FG
5+ day, 10+ hour ago (863+ words) The Federal Government has partly blamed the underperformance of its budgets on conflicting macroeconomic projections by agencies responsible for fiscal and monetary policy, prompting the Economic Management Team to establish a committee to harmonise key assumptions used for budgeting and…...
Nigeria moves to strengthen financial management in public sector
5+ day, 22+ hour ago (372+ words) The Executive Secretary of ACBF, Mamadou Biteye. Nigeria has joined efforts to strengthen public sector leadership and public financial management across Africa through a leadership development programme for senior officials involved in financial management reforms. The initiative, implemented by the…...
Liquidity tightening pushes overnight rate to 22.20%
6+ day, 1+ hour ago (316+ words) Nigeria’s overnight lending rate has moved higher as the banking system absorbed the impact of recent Central Bank of Nigeria treasury bills transactions, which drained cash from the financial market. The overnight rate increased by 2 basis points to 22.20 per cent,…...
$1tn economy: Between ambition and arithmetic
6+ day, 5+ hour ago (1299+ words) FILE: President Bola Tinubu THERE is nothing wrong with dreaming big. Indeed, Nigeria urgently needs an economic ambition large enough to force the country out of the low-productivity trap that has kept millions in poverty despite its enormous human and…...
Drivers of economic transformation (1)
6+ day, 5+ hour ago (109+ words) Hon Oyetunde Oladimeji Ojo (Managing Director/Chief Executive of FHA Across power, housing, public assets, cancer care, science and engineering, pensions and investment, this special project examines seven institutions working in areas central to Nigeria’s economic transformation and the responsibilities…...
Eurobond yields climb to 8.2% on sovereign risk
1+ week, 3+ day ago (598+ words) Nigeria’s dollar-denominated Eurobonds are trading at yields of up to 8.2 per cent, showing that the premium investors continue to demand to hold the country’s long-term sovereign debt despite an improvement in the prices of several outstanding bonds. Data from the…...
LASG begins phased activation of Imota industrial hub
1+ week, 3+ day ago (381+ words) The Lagos State Government is moving to activate the Imota Industrial Hub in Ikorodu, with plans to commence operations in usable sections of the facility while addressing outstanding infrastructure in phases. The decision followed a recent assessment of the hub…...
Manufacturers invest N6.8tn as weak customer demand bites
1+ week, 4+ day ago (924+ words) Investors pumped about N6.8tn into Nigeria’s manufacturing sector over the past decade, but the increase in capital coincided with an erosion in consumers’ purchasing power, limiting demand for locally produced goods. Exclusive data obtained from the Manufacturers Association of Nigeria showed…...