Economy

Nigeria’s Food Inflation Surges to 5.56% in July as Rice, Garri, Pepper Prices Rise

Nigeria’s food inflation accelerated sharply in July 2026, increasing pressure on household budgets even as the country’s overall inflation rate…

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Regency Alliance Insurance Completes Recapitalisation, Targets Larger Risks

Regency Alliance Insurance Plc has completed its recapitalisation programme, strengthening its financial capacity as Nigeria’s insurance industry adjusts to new…

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Nigerian Banks Step Up Marketing Battle as Recapitalisation Reshapes Industry

Competition for Nigerian banking customers is intensifying as lenders deploy more resources to strengthen their brands, deepen retail penetration and…

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Linkage Assurance Shareholders Approve N30m Directors’ Pay, Ratify Three Board Appointments

Shareholders of Linkage Assurance Plc have approved N30 million as remuneration for the company’s Non-Executive Directors for the 2026 financial…

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Fortis Global Insurance Appoints Umar, Ibru to Board

Fortis Global Insurance Plc has strengthened its board with the appointment of Dr Umar Faruk Umar as an Independent Non-Executive…

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Nigeria Awaits July Inflation Data as Analysts Expect Further Easing

Nigeria will get a fresh reading on the direction of consumer prices on Saturday when the National Bureau of Statistics…

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Cornerstone Insurance Dominates NGX Trading With N18.37 Billion Share Deal

Cornerstone Insurance Plc emerged as the dominant stock on the Nigerian Exchange (NGX) on Thursday after investors traded 3.64 billion…

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Consumer Optimism Grows as Inflation Expectations Moderate, CBN Survey Shows

Consumer confidence strengthened in July as Nigerians became less concerned about rising prices, but households remained cautious about spending on…

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Trade Surplus Expands to $3.46 Billion as Oil Imports Decline

Nigeria recorded a stronger trade surplus in April 2026 as lower import spending, particularly on petroleum products, outweighed modest growth…

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NRS Says Tax Revenue Climbed 113% to N27.1 Trillion on Digital Reforms

Sweeping tax reforms and the digitisation of revenue collection helped Nigeria’s tax receipts climb to N27.1 trillion by July 2026,…

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