NBS: Nigeria’s inflation rate hits 15.69% in April 2026
Nigeria’s headline inflation rate rose to 15.69% in April 2026, with food inflation reaching 16.06% year-on-year, according to the National […]
Business and Economy
Tinubu: Nigeria has attracted $20bn foreign investment this year
President Bola Tinubu has declared that Nigeria has attracted nearly $20 billion in foreign direct investments in 2026, crediting his
Egypt overtakes Nigeria on FT fast-growing firms ranking
Egypt overtook Nigeria on the Financial Times’ latest ranking of Africa’s fastest-growing companies as Nigerian firms faced challenges linked to
Digital banking fraud costs three Nigerian banks $1.56m in 2025
Access Holdings, GTCO, and UBA lost a combined ₦2.13 billion to fraud in 2025 despite a decline in the total
Only 7 states and the FCT contributed more to the VAT pool than they received in February 2026
Only 7 states and the FCT contributed more to the VAT pool than they received in February 2026#TheCableIndex pic.twitter.com/qS6Lqm4FD8 —
What the six geo-political zones contributed to the VAT pool and received in February 2026
VIA THE CABLE ON X: 1. South-westContributed: N252.78bnReceived: N91.44bn (36.17%) 2. South-southContributed: N164.81bnReceived: N70.70bn (42.90%) 3. North-centralContributed: N36.20bnReceived: N49.29bn (136.17%)
NAFEM Window and BDC (USD, GBP, CAD, EURO & YUAN) Rates – May 11, 2026
Window and BDC (USD, GBP, CAD, EURO & YUAN) Rates – May 11, 2026 Closing Rate – N1,373.16 BDC Rate
Nigeria’s debt crisis easing on paper, but worsening in reality
According to Business Insider Africa�, the Nigerian Economic Summit Group warned that Nigeria’s debt pressures remain dangerously high despite apparent stability in traditional fiscal indicators.
Africa’s richest man Dangote eyes Kenya for new refinery, FT reports
Dangote is considering building a multibillion-dollar oil refinery in Kenya to boost East Africa’s fuel production capacity.
China vs. Nigeria: The vast electricity gap in numbers
🇨🇳 CHINA VS 🇳🇬 NIGERIA: ELECTRICITY ACCESS AND HOUSEHOLD POWER GAP ⚡ Installed Electricity Capacity🇨🇳 China — 3,890,000 MW🇳🇬 Nigeria