Nigeria’s Revenue Hits N15.8tn: Economists Cite Reforms
Economists have attributed Nigeria’s strong revenue performance in the first five months of 2026 to the impact of recent tax reforms, improved revenue administration and stronger earnings from the oil sector, following government collections of N15.8tn during the period. According to data from the Nigeria Revenue Service reported by Bloomberg, government revenue rose by 49 […]
Nigeria’s Current Account Surplus Hits $4.98bn on Oil Export
Nigeria’s current account surplus rose sharply by 255.7 per cent quarter-on-quarter to $4.98bn in the first quarter of 2026, driven by higher crude oil, gas and refined petroleum exports, as well as a steep decline in petroleum product imports, according to the latest Balance of Payments report released by the Central Bank of Nigeria on […]
LagRide Drive-to-Own: Empowering Drivers with Vehicle Owners
Ride-hailing and mobility platform, LagRide, has handed over vehicles to another batch of its Captains under the company’s Drive-to-Own programme, reaffirming its commitment to promoting dignified transportation and creating pathways to asset ownership for drivers in Lagos. The vehicle handover ceremony, tagged Drive-to-Own Graduation 2.0, was held at the LagRide in Lagos where government officials, […]
Power Crisis Fuels Inflation, Job Losses in Nigeria
A consumer rights and power sector advocacy group, PowerUp Nigeria, has blamed the country’s persistent electricity crisis for rising inflation, escalating production costs, and worsening job losses across the manufacturing sector. The Executive Director of PowerUp Nigeria, Adetayo Adegbemle, stated this in a release on the state of Nigeria’s power sector, arguing that inadequate and […]
FG clears N700bn contractor debts, boosts economy
The Federal Government has processed payments exceeding N700bn in verified obligations owed to local contractors over the past few months, including N436.6bn disbursed in May alone, as part of efforts to clear long-standing debts and boost economic activity. The Federal Ministry of Finance disclosed this in a statement issued on Monday by its Director of […]
Nigeria’s Trade Surplus Jumps 341% to N7.55tn in Q1 2026
Nigeria recorded a sharp improvement in its merchandise trade balance in the first quarter of 2026 as exports rose and imports declined significantly, pushing the country’s trade surplus to N7.55tn. According to the National Bureau of Statistics’ Foreign Trade in Goods Statistics report released on Monday, total trade stood at N34.79tn in the review period, […]
Inclusive Wealth Creation Key to Nigeria’s Market Growth
the Group Managing Director and Chief Executive Officer of Nigerian Exchange Group Plc, Temi Popoola, has stated that Nigeria’s capital market should evolve beyond wealth generation to promoting prosperity that is inclusive, sustainable and anchored on strong governance. Speaking at the 2026 Nairametrics Capital Market Awards in Lagos on Friday night, Popoola said the long-term […]