Tag: Nigerian Economy

Petrol price falls below ₦1,300 as Dangote cuts prices, refinery battles government over crude supply

Business Damilola Bayonle -
IBADAN, Nigeria — Petrol prices fell below ₦1,300 per litre at several filling stations in Ibadan, Lagos and Ogun...

AfDB warns weak business credit is hurting jobs as Nigerian firms reject ₦100,000 minimum wage

Business Damilola Bayonle -
AfDB Warns Nigeria's Weak Business Credit Could Slow Jobs, Wages as Firms Reject ₦100,000 Minimum Wage Nigeria's private sector is...

CBN rate cut pressure rises as 63% of Nigerians demand lower interest rates

Business Damilola Bayonle -
Nigeria interest rates dominate economic debate ahead of MPC decision Nigeria’s interest rate debate has entered a politically and economically...

Nigeria Electricity Revenue 2026 Surges Even as Power Supply Worsens

Business Damilola Bayonle -
Nigeria’s Power Sector Faces Growing Revenue-Supply Imbalance Nigeria’s electricity distribution companies are collecting more money from consumers even as the...

Naira gains, but $1.14bn reserves drop signals pressure on CBN strategy

Business Damilola Bayonle -
Naira Rises as CBN Mops Up N2.3trn, Despite $1.14bn Reserves Pressure Nigeria’s currency strengthened last week after aggressive liquidity tightening...

FG Targets Oil Windfall and Loans to Close Nigeria’s N9tn Budget Deficit in 2026

Business Damilola Bayonle -
Nigeria’s fiscal outlook for 2026 is undergoing a major recalibration as the Federal Government moves to plug a widening...

2027 elections may derail Nigeria’s fiscal reforms, NECA raises alarm over economic risks

Business Damilola Bayonle -
Nigeria’s organised private sector has raised fresh concerns over the sustainability of ongoing economic reforms, warning that political pressures...

Dangote refinery IPO rumours: Company denies listing reports, warning investors

Business Damilola Bayonle -
Dangote Refinery IPO Rumours Spark Caution as Company Denies Listing Reports Nigeria’s largest privately owned refinery, Dangote Petroleum Refinery and...

Nigeria attracts $6.44bn in capital importation as UK investors dominate financial market surge

Business Damilola Bayonle -
Nigeria’s external capital inflows recorded a notable upswing in the final quarter of 2025, with total capital importation climbing...

Nigeria Eurobonds rebound as investors defy global tensions, yields drop to 7.18%

Business Damilola Bayonle -
Nigeria’s sovereign debt market has shown renewed resilience, with Eurobond yields easing last week despite persistent global economic tensions....

CBN moves to crush inflation to single digits as new policy framework takes shape

Business Damilola Bayonle -
CBN targets single-digit inflation as policy shift gains traction Nigeria’s apex monetary authority, the Central Bank of Nigeria, has reaffirmed...

FMDQ records massive turnover surge of N60.77tn as FX trades dominate Nigeria’s financial market

Business Damilola Bayonle -
Nigeria’s financial markets opened 2026 on a strong footing, with total transactions on the FMDQ platform soaring to N60.77tn...