Nigeria FMCG Giants Lift Profit Despite Flat Sales
Nigeria’s biggest FMCG manufacturers recorded a sharp rise in profits in the first half of 2026, despite almost unchanged revenue. The ten quoted companies posted combined profit after tax (PAT)…
NESG Forecasts 15.5% Inflation for Nigeria in 2026
The Nigerian Economic Summit Group (NESG) expects inflation to remain high through the rest of 2026, with the rate averaging 15.5 per cent in the second half and across the…
N15.8 trillion fuel subsidy savings: Tinubu’s reforms unlock billions as spending hits N30.64tn
The N15.8 trillion fuel subsidy savings under President Bola Ahmed Tinubu’s administration has been broken down, showing how the money flowed to the Federal Government, states and local governments. According…
NAFEM Turnover Surges to $1.41bn as Naira Strengthens
Trading activity on the Nigerian Foreign Exchange Market rose sharply to $1.41 billion on 17 August 2026, marking its highest level in five weeks. Data from the Central Bank of…
Nigeria inflation July 2026: NBS set to release fresh figures as price pressures remain high
Nigeria inflation July 2026 figures are expected from the National Bureau of Statistics (NBS) on Monday, as Nigerians await fresh data on the cost of living. The NBS is expected…
NGX market losses hit N2.93 trillion as stocks plunge for second day
NGX market losses reached N2.932 trillion in two trading sessions as investors continued to sell equities on the Nigerian Exchange Limited. The market lost N1.17 trillion on Tuesday. However, losses…
Nigeria’s Capital Importation Surges 257% to $2.82bn
Nigeria’s capital importation jumped 256.9 per cent year-on-year to $2.82 billion in April 2026, up from $0.79 billion a year earlier, according to the Central Bank of Nigeria. The increase…
NESG Appoints Dr Nonny Ugboma to Drive Policy Reforms
The Nigerian Economic Summit Group (NESG) has appointed Dr Nonny Patricia Ugboma as its new Executive Director, Policy and Programmes and Chief Summit Officer, reinforcing its commitment to advancing economic…
Tinubu’s Transformation: Dare Hits Back at Catholic Bishops Over Nigeria’s Crisis
Tinubu’s Transformation has triggered a fresh clash between the presidency and Catholic leaders after presidential media adviser Sunday Dare rejected claims that President Bola Tinubu’s reforms amount to failure. Dare…
Stakeholders Applaud Oyedele’s Economic Leadership
Stakeholders across Nigeria’s financial sector, business community and investment space have praised Minister of Finance Taiwo Oyedele for restoring confidence in the Federal Ministry of Finance, saying his leadership has…
