53 results for “Nigeria”
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.
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.
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's upstream regulator has recovered about 50 dormant oil fields from non-performing operators as it enforces drill-or-drop rules to lift output.
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.
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.
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.
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.
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.
The National Sugar Development Council has unveiled a $7.1 billion, ten-year investment plan to lift annual sugar production above two million tonnes and cut reliance on imports.
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.
Nigeria's poverty rate rose to 38.7% in 2024 from about 33% in 2021, according to the 2026 Global Multidimensional Poverty Index, which recorded the first global rise since 2010.
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.
British universities have withdrawn offers to Nigerian students as higher visa refusal rates prompt institutions to tighten screening.
The Nigeria Labour Congress has given the federal government two weeks to address petrol prices and the minimum wage, warning of industrial action.
The IMF has warned that Nigeria's improving economic indicators are not reaching the poorest households, questioning whether the country's reforms are creating shared prosperity.
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 IMF has projected that Nigeria's economy will expand by 4.2% in 2026 and 4.3% in 2027, outpacing a global economy held back by tighter conditions and uneven momentum.
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.
Nine companies disclosed funding in September, down from $364.1 million across 20 startups in the previous month.
Ten greenfield projects form part of a $7.1 billion, 10-year programme that could reduce import demand if financing, farms and factories are delivered on schedule.
The development lender says its 2026 interventions combine credit, guarantees and investment to draw commercial funding into agriculture, finance and job creation.
The agency affirmed Nigeria's sovereign rating at B but changed the outlook to positive, citing naira flexibility, disinflation and faster-than-expected reserve accumulation.
The mobility-finance company ended local operations after six years and said eligible drivers would make no further vehicle payments from 1 October.
The economy expanded faster in the first half of 2026 and retained a current-account surplus, but the development lender says stronger public revenue must translate into services and jobs.
The oversubscribed fifth fund lifts the co-investment platform's assets above $850 million and expands its exposure to emerging-market technology companies.
The latest projection is an improvement on the 4.0 percent growth recorded in 2025, with the multilateral lender expecting Nigeria’s...
Fake recruitment adverts can be distributed through social media posts, messaging groups, unofficial websites and other channels that...
According to the minister, Nigeria was producing less than one million barrels per day of crude oil and condensate when the current...
The country's largest financial group by assets has received another NGX extension for its audited first-half results while it waits for regulatory approval from the Central Bank of Nigeria.
Procurement for a six-satellite programme, including two communications spacecraft to replace the ageing NIGCOMSAT-1R, is nearly complete as the operator moves toward signing contracts.
The Stanbic IBTC Bank Nigeria PMI rose to 56.4 in September, with new orders and output expanding at the fastest pace since early 2022 across all four monitored sectors.
Nigeria has a large agricultural market and significant production potential, but gaps in processing, technology, productivity and...
Earlier in April, it approved another $266.7m plus CFA30bn for projects across Nigeria, Ghana, Senegal, Côte d’Ivoire and The Gambia. In...
The proposal centres on training and deploying more National Youth Service Corps members to farms, giving young graduates direct...
Waste Is Becoming a Supply Chain Nigeria is estimated to generate about 840,000 metric tonnes of used cooking oil annually, while more...
The $50bn Question Is Now About Delivery According to Oduwole, the investment announcements resulted from more than 80 memoranda of...
Instead of immediately borrowing heavily to purchase machinery or establish a dedicated factory, an entrepreneur could use shared...
A sustained run in financial-sector stocks lifted the value of the Nigerian Exchange to a record N164 trillion at the end of September, capping one of the strongest equity rallies in years.
The Nigerian Upstream Petroleum Regulatory Commission has given affected operators until October 31, 2026, to disclose their ...
The World Energy Council Nigeria says the country has 44 critical mineral types, but attracting serious private capital will depend on ...
External debt stood at the equivalent of ₦75.20 trillion, while the entire debt portfolio was valued at about ...
The offshore programme is expected to add about 40,000 barrels a day and marks a return to drilling by the Exxon affiliate after a decade.
At least 30 percent of the sovereign-guaranteed funding is expected to support Nigerian small and medium-sized enterprises.
Gross premium written rose 47.3 percent in 2025, while low retention in specialist risks showed why the industry's new capital rules matter.
March trade flows marked a structural shift for a country that spent decades importing petrol despite being one of Africa's largest crude producers.
The six-year programme targets one million smallholders and aims to mobilise another $220 million from agribusinesses.
Six university-led clusters will study connectivity, public infrastructure, skills, jobs, online safety and artificial intelligence under Project BRIDGE.