Nigeria’s trade surplus rises 91% to N7.55trn in Q1’26
By Progress Godfrey Nigeria recorded a 91 per cent, year-on-year, YoY increase in trade surplus to N7.55 trillion in the first quarter of 2026, Q1’26 from N3.95 trillion in the same period of 2025, Q1’25, driven by a sharp decline in imports and a modest rise in exports. The National Bureau of Statistics (NBS) disclosed this yesterday in […]
Nigeria’s Net Domestic Assets rises 20.3% to N93.8trn
By Peter Egwuatu Nigeria’s Net Domestic Assets (NDA), rose by 21.2 per cent, Year-on-Year (YoY) to N94.742 trillion in February 2026 from N78.177 trillion in the corresponding period of 2025. Net Domestic Assets (NDA) represents the Central Bank of Nigeria (CBN)’s domestic claims, including loans to commercial banks, government securities, and domestic investments, excluding foreign assets. It […]
Inflation rise poses significant risks to business sustainability — LCCI
The Lagos Chamber of Commerce and Industry (LCCI) has said that the uptick in inflation in the month of March poses significant risks to business sustainability. This is coming at the backdrop of the latest headline inflation figure which shows a rise to 15.38% in March 2026, up from 15.06% in February as reported by the National […]
Rising costs: IMF warns of tough times for Nigerians
The International Monetary Fund, IMF, has warned that Nigerians may face tougher economic conditions in the near term as rising food and transportation costs continue to squeeze household incomes amid lingering global shocks.
‘Elumelu effect’ drives Seplat to historic N10,000 – First NGX stock to cross barrier
Seplat closed trading on April 14, 2026, at N10,450 per share, representing a staggering 80 per cent gain since January and adding approximately N2.9 trillion in market capitalisation in just four months.
Dangote Sugar shareholders approve N500bn Rights Issue for strategic expansion
By Udeme Akpan Dangote Sugar Refinery Plc has received shareholders’ approval for a N500 billion Rights Issue, thus positioning the company to strengthen its financial standing, expand capital base, accelerate strategic initiatives, and aid its backward integration projects. The approval was given at the company’s 20th Annual General Meeting held yesterday in Lagos during which […]
