The naira, inflation, tax, trade, the exchange, and the companies the numbers move.
104 items · page 2 of 3 · newest 5 Oct 2026
…credit growth up from 3.23% to 11.43% year-on-year Nigeria’s bank credit to the private sector expanded by N3.96 trillion between read more Recapitalised banks lift lending but high rates dampen demand
The Nigeria Revenue Service (NRS) has warned members of the public against a fraudulent recruitment notice circulating on social media and other online platforms, claiming to offer employment opportunities within the agency. In a public notice, the NRS said the advertisement, titled “Federal Inland Revenue Service – FIRS Job Vacancy – Replacement,” is fake and […] The post Nigeria Revenue Service raises alarm over fake recruitment exercise appeared first on Nairametrics .
Biodun Ogunleye, Lagos State Commissioner for Energy and Mineral Resources, has urged real estate developers in Lagos to embrace future-proof read more Lagos govt urges developers to build sustainable, climate-proof estates
Portugal coach Jorge Jesus says the controversy over Cristiano Ronaldo’s unused warm-up against Norway only escalated because he is a national icon. Read More: https://punchng.com/why-ronaldo-warm-up-controversy-escalated-coach-jesus/
Nigeria’s formal financial inclusion rose to 73% in 2026, exceeding the 70% target under the National Financial Inclusion Strategy (NFIS), yet only 30.7% of formally included adults are financially healthy, leaving approximately 60.4 million adults financially vulnerable or merely coping. The post Nigeria hits 73% financial inclusion target, but 60.4 million adults remain vulnerable appeared first on Nairametrics .
The Naira surpassed a key resistance level against the Euro as the European currency declined to its lowest point since May 2025 against the US dollar. The post Naira breaks below N1,500 against Euro, the first time since April 2024 appeared first on Nairametrics .
Termii has launched V4, a platform unifying API messaging, automated marketing, and omnichannel customer support to build stronger customer experiences. Read More: https://punchng.com/termii-unveils-v4-unifying-api-messaging-automated-marketing-campaigns-and-omnichannel-customer-support-in-one-communication-platform/
In The Sunday Stew of 7 June 2026, I unveiled the Decoupling Sovereignty Index (DSI) and introduced the three vectors: read more Decoupling Sovereignty Index (2): The wardrobe of survival in a decoupled zone
Manchester City forward Erling Haaland is an injury doubt for the Premier League clash with Liverpool after limping off during Norway’s defeat to Portugal. Read More: https://punchng.com/epl-haaland-injury-doubt-ahead-of-liverpool-clash-against-man-city/
A woman, Wanying Zhang, has been arrested in the United States accused of spying for China on Taiwanese President Lai Ching-te’s son and his family. Read More: https://punchng.com/us-arrests-woman-accused-of-spying-for-china-on-taiwan-leaders-family/
The Osun State Government has asked a Federal High Court in Lagos to set aside an order restricting its bank accounts over a $13.9m arbitration award. Read More: https://punchng.com/osun-disputes-accounts-restriction-over-13-9m-award/
The Lagos Waste Management Authority (LAWMA) has dislodged street traders from unauthorised spots at Tafawa Balewa Square and the Costain Under Bridge axis Read More: https://punchng.com/lawma-clears-traders-from-unauthorised-trading-spots/
The National Agency for Food and Drug Administration and Control (NAFDAC) has seized alcoholic beverages worth an estimated N300 million during enforcement operations targeting banned sachet alcohol and alcoholic drinks packaged in PET bottles below 200 millilitres in Lagos State. The post NAFDAC raids Lagos markets, seizes N300 million worth of banned alcoholic drinks appeared first on Nairametrics .
By Yinka Kolawole Nigeria’s manufacturing sector recorded a steady increase in the use of locally sourced raw materials between 2021 and 2024, with the share rising from 51.5 per cent in 2021 to 57.1 per cent in 2024, as foreign exchange pressures, naira depreciation and rising import costs pushed manufacturers towards domestic alternatives. Data from […] The post Manufacturers deepen local raw materials sourcing, up 11% in 3yrs appeared first on Vanguard News .
•Number of withdrawers rises 284% to 28,437 •Amount withdrawn rises 228% to N92.7bn •Experts make case for Nigerians not on CPS •Despite increase in NHF pool, workers still unable to get loans – Ajaero By Rosemary Iwunze Amid the worsening cost of housing and declining purchasing power, more workers under the Contributory Pension Scheme, CPS, […] The post Housing crisis: Workers resort to their pension savings for home ownership appeared first on Vanguard News .
By Elizabeth Adegbesan The momentum of Nigeria’s economic recovery picked up significantly at the end of the third quarter, fueled by a sharp rebound in industrial activity and sustained resilience across key economic pillars. The Central Bank of Nigeria’s (CBN) Purchasing Managers Index (PMI) report, released during the weekend, showed that the composite PMI rose […] The post Economic recovery accelerates as Sept PMI rises to 53 points appeared first on Vanguard News .
Strong capital growth is back after several years dominated by inflation, currency depreciation and relatively weak economic growth.
Strong capital growth is back after several years dominated by inflation, currency depreciation and relatively weak economic growth.
By Elizabeth Adegbesan Consumers’ sentiment plunged sharply in September 2026 as households grappled with intensifying price pressures. The Central Bank of Nigeria, CBN, in its latest Household Expectation Survey Report said that the overall Consumer Sentiments Index, CSI, dropped steeply to -18.7 points, down from -9.9 points in August. The decline reflects a cautious public, […] The post Consumers’ confidence plummets in Sept as inflation concerns deepen appeared first on Vanguard News .
Greenwich Bank has opened its first three commercial banking branches in Lagos, a move commended by the state government for supporting financial inclusion Read More: https://punchng.com/greenwich-bank-expands-opens-three-lagos-branches/
The Oyo State Government has declared Monday, October 5, 2026, a work-free day for teachers to commemorate this year’s World Teachers Day. Read More: https://punchng.com/oyo-declares-monday-work-free-day-for-teachers/
Anthony Joshua and Tyson Fury’s December 11 fight has no rematch clause, making it a one-off bout with potential retirement on the line for the loser. Read More: https://punchng.com/no-rematch-clause-for-fury-vs-joshua-super-fight/
The Terra Academy for the Arts has urged the government to tackle insecurity and introduce tax rebates to support young entrepreneurs in Nigeria. Read More: https://punchng.com/tafta-seeks-tax-rebates-security-for-young-entrepreneurs/
Tony Elumelu, Chairman of Heirs Holdings, has acquired an additional six million shares in Seplat Energy Plc for £53.2 million. According to a notification filed with the Nigerian Exchange Limited (NGX) on Wednesday, the shares were bought by Heirs Energies Limited, a company controlled by Elumelu. The notice said the billionaire purchased shares at £8.87 […] The post Elumelu acquires additional £53.2m shares in Seplat appeared first on Vanguard News .
By Sebastine Obasi Nigeria’s quest to deepen domestic gas utilisation has received a boost as Asiko Energy Limited has completed its 5,000MT LPG and Propane terminal in Ijora, Lagos. This is the phase one of its ambitious tri-fuel gas terminal which will integrate LPG, propane and LNG on a single site, establishing a new benchmark […] The post Asiko Energy completes 5000MT LPG, propane terminal appeared first on Vanguard News .
The Raw Materials Research and Development Council, RMRDC, has projected that the proposed 30 per cent mandatory value addition to Nigerian raw materials before export could generate more than 1.2 million skilled jobs within five years. The council said the proposed measure would also promote import substitution, conserve foreign exchange and strengthen local manufacturing. Director-General […] The post 30% value addition bill could create 1.2m jobs — RMRDC appeared first on Vanguard News .
The Federal Government’s tighter vehicle procurement rules for Ministries, Departments and Agencies (MDAs) could give local automakers a fresh boost by requiring government entities to demonstrate compliance with local content requirements before purchasing vehicles. The post FG vehicle rules could force billions in government car spending to local automakers appeared first on Nairametrics .
The National Drug Law Enforcement Agency (NDLEA) has intercepted illicit drug consignments worth more than N5 billion at seaports in Lagos... The post NDLEA intercepts N5 billion drugs, destroys 20,234kg cannabis in Osun appeared first on Nairametrics .
Across Africa, a generation of founders is doing the visible work of legacy planning. Businesses are being formalised. Assets are being structured. Properties are being acquired. Investment portfolios are being built. Wills, trusts, shareholder agreements and succession documents are being discussed with advisers. But beneath all of this lies a question many families still delay […] The post The readiness gap: Why African families must prepare children before they inherit appeared first on Nairametrics .
Here are the risk executives behind 10 of the most capitalized banking groups on the NGX based on market trade day as of October 2, 2026. The post Meet the Chief Risk Officers behind Nigeria’s most capitalized banks in 2026 appeared first on Nairametrics .
The dominance of banks among Nigeria's most valuable and best-performing listed companies is a sign of deeper structural weaknesses in the economy rather than evidence of economic strength. The post Bank dominance on NGX reflects structural economic problems — Experts appeared first on Nairametrics .
There is no clear economic or scientific basis driving the sharp rise in real estate prices in Banana Island, according to Olukayode Olusanya. The post Ikoyi land prices hit N6 million per sqm, Oak Holdings CEO questions the economics appeared first on Nairametrics .
Nollywood actress and filmmaker Bimbo Ademoye has recorded another digital milestone after her latest romantic movie, My 30th Wedding... The post Bimbo Ademoye’s ‘My 30th Wedding’ crosses 10 million views on YouTube in 48hrs appeared first on Nairametrics .
Nigerian businesses identified high or multiple taxation, insecurity and high interest rates as their biggest constraints in September 2026. The post Nigeria’s tax burden, insecurity and high rates squeeze firms in September – CBN survey appeared first on Nairametrics .
Nigerian households became more pessimistic about economic and family financial conditions in September 2026, while their appetite for major.. The post CBN: Nigerians suspend investments, house purchases as living costs bite harder appeared first on Nairametrics .
Nigeria’s annual wheat production has increased from about 120,000 metric tonnes to 420,000 metric tonnes following the implementation of the. The post Nigeria’s wheat production rises to 420,000 tonnes under NAGS-AP appeared first on Nairametrics .
