Economy

Nigeria’s Inflation Rate Seen Falling Further on Stable Food Costs

Nigeria’s headline inflation rate is expected to decline to 15.02 percent in May 2026 from 15.56 percent recorded in April,…

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Nigeria Earns Additional $1.86 Billion from Non-Crude Exports as Alternative Trade Sectors Expand

Nigeria recorded a significant increase in foreign exchange earnings from non-crude exports in 2025 with receipts rising by $1.86 billion…

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Access Holdings Generates ₦85.5 Billion from Digital Banking, Outpaces Rivals

Access Holdings Plc emerged as the highest earner from electronic banking services in the first quarter (Q1) of 2026 after…

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IMF Forecasts $20.7 Billion Increase in Nigeria’s External Debt by 2027

Nigeria’s external debt stock is projected to rise significantly over the next two years as the country continues to rely…

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Nigeria Unveils $1 Billion AfCFTA Facility to Support Export Growth

The Federal Government has introduced a $1 billion financing programme aimed at strengthening the capacity of Nigerian businesses to compete…

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Ecobank Approves $40 Million Dividend, Renews Directors’ Mandates at 38th AGM

Ecobank Transnational Incorporated (ETI) has approved a total dividend payout of $40 million for the 2025 financial year following the…

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FCMB Profit Jumps 137% in Q1 But Loan Contraction and Trading Losses Signal Defensive Strategy

FCMB Group delivered another impressive quarter in Q1 2026 as profit after tax surged 137.4 percent year-on-year to ₦76.53 billion…

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FCMB Group FY 2025: Profit Surges 142% But Asset Quality and Cost Pressures Remain Key Watchpoints

FCMB Group delivered one of its strongest earnings performances in recent years as profit after tax rose by 141.7 percent…

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Nigeria Deepens E-Invoicing Adoption with Afri Invoice Accreditation

Nigeria’s transition toward a technology-driven tax administration framework received a boost following the recognition of Afri Invoice as part of…

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House Committee Recovers ₦521 Million in Unremitted VAT from CBN

A committee of the House of Representatives has facilitated the recovery of ₦521 million in value-added tax (VAT) during an…

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