Economy

Nigeria’s Inflation Pressure Persists Despite Sharp Drop in Monthly Inflation Rate

Nigeria’s headline inflation rate rose to 15.69 percent in April 2026 from 15.38 percent recorded in March 2026, signaling that…

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Universal Insurance Seeks Fresh Capital Through 2.67 Billion Share Rights Offer

Universal Insurance Plc has launched a rights issue of 2.67 billion ordinary shares valued at approximately N3.2 billion as the…

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Shell Payments to Nigeria Drop 50% to $2 Billion as Brazil Overtakes Country

Shell Plc reduced its payments to the Nigerian government by more than 50 percent in 2025 as Brazil emerged as…

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Access Holdings Insiders Acquire 8.6 Million Shares in Fresh Confidence Signal

The transactions, which were executed on May 11, 2026, involved senior staff and a director of Access Bank Plc, a…

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Access Bank, Fidelity, Stanbic and Union Bank List 321,181 Dormant Accounts

Four major Nigerian banks have released records of more than 321,000 inactive accounts in compliance with new regulatory requirements introduced…

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Nigeria Pushes for $1.25 Billion World Bank Support to Boost Jobs and Investment

The Federal Government is intensifying discussions with the World Bank over a proposed $1.25 billion financing package expected to support…

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Nigeria, Morocco Push Forward on 6,900km Atlantic Gas Pipeline

Nigeria and Morocco are accelerating discussions on the proposed transcontinental gas pipeline project designed to transport Nigerian natural gas across…

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Debt Servicing to Consume Major Share of 2026 Budget Under Tinubu

Nigeria’s rising debt obligations are expected to place significant pressure on the Federal Government’s 2026 fiscal plan as a substantial…

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FG Pushes Tax Reforms as Oyedele Warns Against Rising Debt Dependence

The Federal Government has renewed its push for comprehensive tax reforms as authorities seek to strengthen Nigeria’s fiscal position and…

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Executive Order 9 Drives N322 Billion, $116.9 Million Oil Revenue Remittance to Federation Account

The Federal Government’s new oil revenue enforcement framework is beginning to strengthen inflows into the Federation Account as fresh disclosures…

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