World Bank Set To Mobilize $5.79bn Private Financing For Nigeria
The World Bank Group has disclosed plans to mobilize up to $5.79bn in private financing for Nigeria in the 2026 fiscal year to support...
FG’s Debt Interest Rises By 124% Above Total Revenue
The Federal Government spent N7.7tn on interest payments in the first half of 2026, representing 124.2 per cent of its total revenue of N6.2tn...
Dollar To Naira Exchange Rate Today, October 7, 2026
The Nigerian naira weakened against the United States dollar in the parallel market on Wednesday, October 7, 2026, while the local currency strengthened at...
Economic Recovery Accelerates As Sept PMI Rises To 53 points
The momentum of Nigeria’s economic recovery picked up significantly at the end of the third quarter, fueled by a sharp rebound in industrial activity...
Consumers’ Confidence Plummets in Sept As Inflation Concerns Deepen
Consumers’ sentiment plunged sharply in September 2026 as households grappled with intensifying price pressures. The Central Bank of Nigeria, CBN, in its latest Household...
Elumelu Acquires Additional £53.2m Shares In Seplat
Tony Elumelu, Chairman of Heirs Holdings, has acquired an additional six million shares in Seplat Energy Plc for £53.2 million. According to a notification filed...
Manufacturers Deepen Local Raw Materials Sourcing, Up 11% in 3yrs
Nigeria’s manufacturing sector recorded a steady increase in the use of locally sourced raw materials between 2021 and 2024, with the share rising from...
Forex Inflow Rises 36.5% To $33.76bn In Five Months
Nigeria’s net foreign exchange (forex) inflow rose by 36.5 percent year-on-year (YoY) to $33.76 billion in the first five months of 2026 (5M’26), from...
Naira Rises, Now N1,370/$ In Parallel Market
The Naira yesterday appreciated to N1,370 per dollar from N1,375 in the parallel market on Wednesday. But, the naira depreciated to N1,329 per dollar in...
Aliko Dangote, Nigeria’s Truest Capitalist? By Suleiman A. Suleiman
Nigeria has a complicated relationship with capitalism. For the most part, it is barely understood. In Nigeria, capitalism is often presented as something inherently...
