- Perspectives
Projected 12 million votes: APC’S NWC and leadership hierarchy should be more ambitious, by Kola Amzat
Based on the World meter’s elaboration of the latest United Nations of July 09, 2026, the Nigeria current population stood at 242.4 million. However, it’s bad enough that of this huge population, the registered voters have only crossed about 100 millPROJECTED 12 MILLION VOTES: APC’S NWC AND Lion mark, with about 90 million PVs collection recorded. It’s also absurd that…
Read More » - Economy
Nigeria’s inflation eases to 15.91% in June 2026, says NBS
The National Bureau of Statistics (NBS) on Wednesday said Nigeria’s headline inflation rate edged lower to 15.91per cent in June 2026, compared to 15.93per cent recorded in May, according to the latest Consumer Price Index (CPI) report. According to the report by NBS, the June 2026 inflation rate was significantly lower than the 25.29per cent recorded in June 2025, reflecting…
Read More » - Economy
Business confidence slips in June 2026 amid rising operational costs, says CBN survey
The Central Bank of Nigeria (CBN) has revealed that business confidence among Nigerian firms moderated in June 2026 as rising operational costs and macroeconomic pressures weighed on sentiment. The survey showed that the Business Confidence Index (BCI) declined to 7.2 points in June from 7.9 points recorded in May, reflecting a slight deterioration in business sentiment despite continued optimism about…
Read More » - Business
Storage, not solar panels, will drive Nigeria’s next renewable energy investment, say Experts
Nigeria’s renewable energy industry is increasingly turning its attention to battery storage and smart energy systems as falling technology costs reshape the economics of clean power. At the Solar & Storage Live Nigeria 2026 conference in Lagos, industry leaders said the next phase of the country’s energy transition will depend not only on expanding solar generation but also on investing…
Read More » - Economy
Nigeria economic outlook remains positive amid oil production, says OPEC
The Organization of Petroleum Exporting Countries (OPEC) on Monday said Nigeria’s economic outlook remains positive based on oil production, infrastructure investment and stronger business activity. This was contained in its Monthly Oil Report released in its X handle. The report by OPEC stated that: “Overall, Nigeria’s near-term outlook remains positive, supported by oil production, reform progress, infrastructure investment and stronger…
Read More » - Economy
Dangote begins dollar fuel sales, pegs petrol at $0.78/litre
Dangote Petroleum Refinery has officially transitioned to dollar-denominated sales of refined petroleum products, fixing the ex-depot price of Premium Motor Spirit (PMS), popularly known as petrol, at $0.78 per litre, in a significant policy shift expected to influence pricing across Nigeria’s deregulated downstream petroleum sector. The new pricing regime, which took effect on Monday, July 13, 2026, also sets the…
Read More » - Uncategorized
At 43.82%, GTCO tops others as highest Capital Adequacy Ratio in 2025
Guaranty Trust Holding Company Plc (GTCO) in 2025 closed with a Capital Adequacy Ratio (CAR) of 43.82 per cent from 39.31 per cent in 2024 to emerge as a listed financial institution on the Nigerian Exchange Limited (NGX) with a stronger capital position. CAR measures the financial soundness and shock-absorbing capacity of banks by comparing their capital to risk-weighted assets.…
Read More » - Perspectives
At 65, Peter Obi has refused to evolve into full maturity, by Kola Amzat
In a few days’ time, Mr. Peter Obi will clock 65, having berthed on the earth surface on July 19, 1961. Of course, this should be a milestone in the earthly sojourn of a human being. By all standards, it should be a remarkable accomplishment worthy of wide celebration. However, it’s not a question of age, neither the educational attainment…
Read More » - Economy
Nigeria’s $51bn reserves face risks from hot money, oil dependence, says EBC
Global brokerage firm, EBC Financial Group has said that Nigeria’s foreign reserves currently at $51 billion remain vulnerable to volatile portfolio inflows and the country’s continued dependence, warning that it may not be sustainable. Nigeria’s external reserves climbed to $51.04 billion, marking the highest level in about 17 years as stronger foreign exchange inflows and improved market conditions continued to…
Read More » - Business
Nigerian equities market outperforms South Korea to become top-performing market in dollar terms
Nigerian equities have emerged as the best-performing stock market globally in dollar terms this year, overtaking South Korea. The development was driven by weakened investor sentiment towards artificial intelligence-linked stocks and drags the Asian market into bear territory. According to data compiled by Bloomberg across 92 global stock exchanges, Nigeria’s benchmark stock index has returned 67per cent in dollar terms…
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