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African currencies posted mixed performances against the U.S. dollar in May 2026, with only a few recording meaningful gains amid shifts in capital flows, commodity prices, central bank actions, and domestic macroeconomic conditions. The post Best performing currencies in Africa…
Read morePower outages are costing Nigerian businesses an estimated 3% of their annual sales, forcing firms to spend heavily on alternative power sources and exposing the economic cost of the country’s infrastructure deficit. The post Power outages cost Nigerian firms 3%…
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Leading financial institution, Fidelity Bank Plc’s international subsidiary, FidBank UK Limited, has announced a commitment to support Nigerians – both individuals and corporations – in acquiring properties in the United Kingdom. The post FidBank UK broadens investment pathways for Nigerians…
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The Dangote Petroleum Refinery & Petrochemicals has announced a fresh reduction in the ex-depot prices of Premium Motor Spirit (PMS) and Automotive Gas Oil (AGO), reinforcing its commitment to making refined petroleum products more affordable and supporting economic activities across…
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There is a conversation happening inside Nigerian capital markets circles that probably deserves a wider audience. It concerns something most retail investors on the Nigerian Stock Exchange have probably never thought about, and most institutional participants have quietly complained about…
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Dr Solomon Ojeagbase, Executive Director of Complete Communications Limited (CCL) Publishers of Complete Sports and Manager of the company’s Online Division/Digital Marketing Division, has been appointed a United Nations Representative to the Africana Women Working Group (AWWG) at the United…
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The Central Bank of Nigeria (CBN) withdrew N7.303 trillion from the financial system in May 2026 while injecting N5.734 trillion through maturing instruments, resulting in a net liquidity withdrawal of N1.569 trillion during the month. The post CBN drains N7.30…
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Nigeria spent $2.34 billion on food imports in 2025, according to data from the Central Bank of Nigeria’s latest Quarterly Statistical Bulletin. The post Nigeria spends $2.34 billion on food imports in 2025 – CBN appeared first on Nairametrics.
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Nigeria’s crude petroleum sector grew by 16.37% year-on-year in nominal terms in the first quarter of 2026, marking a return to expansion despite lower oil production during the period, according to data from the National Bureau of Statistics (NBS). The…
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Nigerians living abroad remit billions of dollars to the country each year, making the diaspora one of the most important sources of capital for household support, business activity, and long-term investment. The post Tax strategies for Nigerian diaspora investors in…
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