Loading market data…
Nigeria's upstream regulator has recovered about 50 dormant oil fields from non-performing operators as it enforces drill-or-drop rules to lift output.
Ethiopia has joined the list of investors in Dangote Petroleum Refinery's initial public offering, broadening the deal's pan-African appeal.
The Central Bank of Nigeria is mopping up excess cash to keep money-market conditions tight, supporting the naira and inflation but keeping borrowing costs elevated.
New scoring models are widening access, though questions over pricing remain.
Food inflation slowed sharply in August 2026, offering relief to households, but international agencies warn that conflict and high input costs still leave millions of Nigerians acutely food insecure.
Themes appearing most across our coverage.
Africa's largest economy posted a record quarterly trade surplus in the second quarter of 2026 as exports outpaced imports, with non-crude receipts now accounting for more than half of outbound trade.
Nigeria recorded a merchandise trade surplus of N12.60 trillion in the second quarter of 2026, more than double the N6.26 trillion recorded in the same period a year earlier, according to data published by the National Bureau of Statistics.
Macro indicators — inflation, output and the fiscal balance — appear here only once the newsroom has verified them.
The Central Bank of Nigeria lowered its benchmark interest rate by 350 basis points on September 22, 2026, the steepest cut on record, as inflation eased for a third straight month and reserves strengthened.
Nigeria's foreign direct investment fell 92% month-on-month to $11 million in September, highlighting the gap between hot portfolio money and long-term capital commitments.
The World Bank Group says it is helping to mobilise up to $5.79 billion in private financing for Nigeria in 2026, a push projected to support about 850,000 direct and indirect jobs.
The naira held broadly steady around N1,370 to the dollar as stronger reserves, tighter policy and returning portfolio inflows kept the currency within a narrow range.
Turnover on the Nigerian Exchange rose to N158.29 billion in the first full trading week of October as investors repositioned ahead of third-quarter earnings.
Fitch Ratings has revised Nigeria's credit outlook to Positive from Stable, citing sustained reforms, disinflation and improved foreign reserves of $54.9 billion.
Dangote Petroleum Refinery has pushed the close of its $1.6 billion IPO to October 27, giving investors more time to subscribe to Africa's biggest listing.
Nigeria's equities market fell for a second straight session on October 13, with the All-Share Index slipping 0.09% as investors booked profits in large-cap stocks after a record run.
Airtel Money has debuted on the London Stock Exchange in one of the largest African listings in years, with a planned secondary listing in Lagos.
JPMorgan missed expectations as Goldman Sachs and Citigroup posted strong results in a mixed opening to the US bank earnings season.
The National Insurance Commission has begun final verification of insurers' compliance with higher capital requirements, with consolidation expected to follow.
Nigeria's insurance regulator has entered the final stage of verifying whether insurers have met the higher capital requirements introduced under its recapitalisation programme, as companies that fell short face the prospect of sanctions, consolidation or loss of licence.
The Securities and Exchange Commission has warned that a lack of credible companies willing to list is limiting the depth of Nigeria's capital market.
The Central Bank of Nigeria is mopping up excess cash to keep money-market conditions tight, supporting the naira and inflation but keeping borrowing costs elevated.
KuCoin Nigeria has secured conditional approval-in-principle from the Securities and Exchange Commission to join its regulatory incubation programme.
Five leading Nigerian financial institutions reported a combined pre-tax profit of about N2.29 trillion in the first half of 2026, cementing banking's dominance of corporate earnings.
The US banking giant plans to establish a merchant bank in Nigeria before the end of 2026 and has added the country to a new emerging-market bond index, in twin votes of confidence for the capital market.
The lender reported N637.6 billion in profit before tax for the six months to June, while after-tax earnings fell and the board proposed a N1.50-per-share interim payout.
Major indices, currencies and commodities shaping the business day.
Nigerian fintech OPay has filed for an IPO on the New York Stock Exchange, targeting a valuation of about $4 billion and planning a secondary listing in Lagos.
OPay, the Nigerian fintech that has grown into one of Africa's largest digital payment platforms, has filed for an initial public offering on the New York Stock Exchange, a landmark move that would make it one of the first Nigerian technology companies to list in the United States.
The state oil company's retail arm is giving up its margin for 30 days, offering temporary relief without imposing a nationwide pump price.
Higher retained earnings have lifted buffers, giving lenders room for loan growth.
Falling input costs are easing pressure on factory gate prices, but demand remains uneven.
Fake recruitment adverts can be distributed through social media posts, messaging groups, unofficial websites and other channels that...
Regulatory changes have widened the menu of long-duration investments available to managers.
Nigeria's upstream regulator has recovered about 50 dormant oil fields from non-performing operators as it enforces drill-or-drop rules to lift output.
Ethiopia has joined the list of investors in Dangote Petroleum Refinery's initial public offering, broadening the deal's pan-African appeal.
Dangote Petroleum Refinery reported a profit of about N6.29 trillion (about $4.73 billion) for the first nine months of 2026, cementing its turnaround.
NNPC Limited has cut petrol pump prices at its retail stations, joining a downstream price war that is easing costs for motorists but squeezing marketers.
Shell has agreed to sell Shell Nigeria Gas Group to Vaaris Energy Limited, the latest step in the oil major's restructuring of its Nigerian portfolio.
Conditional trading began on 9 October, with full admission expected on 14 October as Airtel Africa retains its strategic holding.
MTN Nigeria's half-year revenue approached N3 trillion as data sales and a wider subscriber base drove profit sharply higher, reinforcing the telecoms sector's role as a pillar of the consumer economy.
The IMF has warned that AI could disrupt about 40% of jobs worldwide, urging governments to prepare workers and share the gains from the technology.
Startups & fintech
Anthropic researchers have warned that small AI models could self-replicate across connected devices, sharpening debate over how to control advanced systems.
Food inflation slowed sharply in August 2026, offering relief to households, but international agencies warn that conflict and high input costs still leave millions of Nigerians acutely food insecure.
Affordable Credit Becomes a Sector Priority Maiha said the ministry will work with the finance ministry and the CBN to secure loans with...
The proposal centres on training and deploying more National Youth Service Corps members to farms, giving young graduates direct...
Nigeria's central bank has delivered its largest-ever cut to the benchmark rate. The question now is whether banks will pass it on to the businesses and households that need affordable credit.
The Central Bank of Nigeria's 350 basis point cut to its benchmark rate is the boldest easing move in the rate's history. On paper, it lowers the price of money. In practice, whether it lowers the price of credit for a small business in Aba or a household in Ibadan depends on a chain of decisions that begins with the banks and ends with the borrower.
The monetary policy rate is not the rate at which anyone actually borrows. It is the rate at which banks can place money with the central bank, and it anchors the yield on treasury bills and bonds. When that anchor falls, government securities pay less, which reduces the incentive for banks to park money in risk-free assets and should, in theory, push them toward lending.
“A rate cut changes the cost of credit. It does not by itself change the willingness of banks to lend or of businesses to borrow.”
Selected by the newsroom — not ranked by readership.
Food inflation slowed sharply in August 2026, offering relief to households, but international agencies warn that conflict and high input costs still leave millions of Nigerians acutely food insecure.
Every desk at BusinessPress, in one place.
Companies, commerce and the business of Nigeria
LatestOPay Files for New York Stock Exchange Listing at $4 Billion ValuationEarnings, deals, strategy and boardroom moves
LatestRegulator Recovers 50 Fallow Oil Fields, Targets 500 Million Extra BarrelsGrowth, inflation, trade and the macro picture
LatestNigeria Trade Surplus Doubles to N12.6 Trillion in Q2 2026Stocks, bonds, commodities and currencies
LatestNaira Holds Near N1,370/$ as Reforms Steady the Foreign Exchange MarketBanking, investment, insurance and personal finance
LatestNAICOM Begins Final Verification of Insurers Under Recapitalisation ProgrammeStartups, fintech and the digital economy
LatestMTN Nigeria Revenue Nears N3 Trillion as Data Demand SurgesAgribusiness, food production, farming, commodities and investment
LatestNigeria Food Inflation Cools in August but Hunger Risks PersistAnalysis, explainers and informed commentary
LatestWill Nigeria's Biggest Rate Cut Unlock Cheaper Credit?Breaking developments and newsroom updates
LatestNigeria’s Oil Production Rises 80% as Drilling Activity and Investment Gather PaceRead our privacy policy.