Nigeria’s economy grows 3.89% in Q1 2026 as non-oil sector drives expansion
Nigeria’s economy expanded by 3.89 per cent in real terms in the first quarter of 2026, despite a decline in crude oil production, with growth largely supported by strong performances in agriculture, telecommunications, financial services, construction, and trade. According to data released on Monday by the National Bureau of Statistics (NBS), the latest figure marks […]
Dangote boosts Nigeria’s economy with 1.66bn-litre fuel export in April
Nigeria’s bid to become a major refined petroleum export hub received a major boost in April 2026, as the Dangote Petroleum Refinery exported an estimated 1.66 billion litres of petrol, diesel and aviation fuel. Read more breaking stories from our latest nigeria news Fresh data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority showed that […]
NNPC, NUPRC remit over N322bn, $116.9m after Tinubu order
The Nigerian National Petroleum Company Limited(NNPC) and the Nigerian Upstream Petroleum Regulatory Commission (NURPC) remitted more than N322bn and $116.9m into the Federation Account within two months after the implementation of Executive Order 9 signed by President Bola Ahmed Tinubu in February 2026. Documents presented during the Federation Account Allocation Committee meetings for March and […]
FG rules out fuel subsidy return, targets $1tn economy by 2030
The Federal Government has ruled out any plan to return fuel subsidy, saying it will rely on market forces to drive the economy. Speaking during an engagement with global investors in Paris, the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, said subsidy and price controls would not be reconsidered. He […]
BUA Foods launches graduate scheme to enhance sugar industry
BUA Foods has introduced a new graduate training scheme aimed at building skilled manpower for Nigeria’s sugar sector. The programme, launched through its subsidiary, LASUCO Sugar Company, targets young graduates with a background in agriculture and related fields. It is designed to prepare them for technical roles within the country’s growing sugar industry. According to […]
Nigerian stock market surges N3.36tn before workers’ day
The Nigerian stock market closed on a bullish note on Thursday, extending its upward momentum as investors recorded a substantial gain of N3.36 trillion in market value ahead of the May 1 Workers’ Day public holiday. Market data from the Nigerian Exchange showed that total market capitalisation rose sharply from N152.728 trillion at the beginning […]
Fuel prices surge to N1,444 per litre as global oil spike hits Nigeria
Petrol prices have surged sharply across Nigeria, with pump rates climbing as high as N1,444 per litre in what analysts describe as a direct consequence of rising global crude oil prices. A market survey conducted on Thursday evening revealed that several major marketers, including Nigerian National Petroleum Company Limited, MRS, BOVAS, AP (Ardova), and Mobil, […]
Nigeria’s debt burden hits N159.28tn as NBS warns
Nigeria’s total public debt rose to N159.28 trillion in the fourth quarter of 2025, reflecting a continued upward trajectory in both federal and subnational borrowing, according to the National Bureau of Statistics (NBS). Read more economy and business news on New Daily Prime. The figures were contained in the Nigerian Domestic and Foreign Debt Report […]
Tinubu slashes domestic airlines’ debt by 30%
By Iqrom Ojewole President Bola Tinubu has sanctioned a 30% reduction on statutory fees owed by local airlines to aviation regulatory bodies, Aviation and Aerospace Development Minister Festus Keyamo announced on Friday. The decision was communicated via the President’s Chief of Staff, Femi Gbajabiamila, according to a statement released by Tunde Moshood, Special Adviser on […]
CBN warns Nigerians over fake messages, cyber fraud attempts
The Central Bank of Nigeria (CBN) has raised an alarm over the spread of fake messages and online scams aimed at defrauding members of the public. In a press statement issued on Tuesday, the apex bank said it had observed a growing number of fraudulent emails, messages, and online communications falsely linked to the bank. […]