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S&P Dow Jones Indices has placed Nigeria on its 2027 Country Classification Watchlist for a potential upgrade from Standalone Market to Frontier Market status — a formal signal that the country’s capital market reforms are registering with one of the world’s leading index providers. In its assessment, S&P DJI noted that Nigeria’s regulatory environment has […]
Exporters under the Association of West African Exporters and Maritime Professionals (AWAEMAP) say they have lost more than $10 million in just five days following the Nigerian Ports Authority’s integration of the Nigeria Export Proceeds (NXP) requirement into the Truck Transit Park (TTP) portal. In a statement signed by its president, Olubunmi Olumekun, the association […]
The Nigerian National Petroleum Company Limited (NNPC Ltd) remitted N6.961 trillion to the Federation Account between January and May, up from N5.583 trillion recorded through April — underlining the company’s central role in funding federal, state and local governments. Its monthly report summary for June also declared a profit of N905 billion for the month, […]
Nigeria’s food services industry is projected to nearly double in value over the next five years — from an estimated $11.09 billion in 2025 to $19.31 billion by 2030 — according to a new study by fintech company Moniepoint titled “What it Takes to Feed Nigeria Everyday.” The report forecasts average annual growth of 11.73 […]
The Central Bank of Nigeria ramped up its Open Market Operations dramatically in the first half of 2026, selling N18.79 trillion worth of OMO bills — a 313 per cent jump from the N8.79 trillion recorded over the same period in 2025. Repayments grew even faster. OMO maturities flowing back into the system reached N34.49 […]
Nigeria has completed a significant e-passport security milestone: all of the country’s Country Signing Certificate Authorities (CSCAs) have been successfully imported into the International Civil Aviation Organization’s Public Key Directory (PKD). In practical terms, the move allows foreign border control systems to cryptographically authenticate Nigerian passports in real time — confirming that a document was […]
The rising cost of living kept pressure on Nigerians through June, forcing both households and businesses to spend more on everyday needs, according to the Central Bank of Nigeria’s latest Inflation Expectations Survey. The survey — which tracks how firms and families perceive and anticipate price changes — found spending on essentials continuing to climb […]
Cryptocurrency expert Sunusi Danjuma Ali has urged young Nigerians to build a solid understanding of blockchain technology and risk management before putting money into digital assets. Speaking in Abuja, Ali laid out strategies for safer participation in the crypto market — with education as the non-negotiable first step. The advice lands in one of the […]
A court has ruled that the Federal Competition and Consumer Protection Commission (FCCPC) acted lawfully in investigating Air Peace over airfare complaints — another legal defeat for the airline in its long-running pushback against the regulator. The ruling affirms the FCCPC’s authority to investigate consumer complaints and examine pricing practices in the aviation sector. The […]