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 […]
Foreign investment in manufacturing plunges 51.44% in two years
…Drops to $772.45m in 2025 •Sector’s investment share falls to 3.33% from 49.73% in 2023 By Yinka Kolawole Foreign investment in flows into Nigeria’s manufacturing sector have suffered a sharp decline over the past two years, underscoring weakening investor confidence in the country’s real sector despite a surge in overall capital importation. Data obtained from the […]
Sterling Bank charts way forward for Nigeria’s transport, logistics sector
By Peter Egwuatu Sterling Bank, industry leaders, policymakers, financiers, innovators convened, have charted away forward towards improving Nigeria’s transport and logistics sector. The stakeholder at the inaugural Nigeria Transport & Logistics Summit (NTLS) 2026, hosted by Sterling Bank at Eko Hotel & Suites, proposed actionable strategies for building a faster, more connected Nigeria through transport, mobility, […]
FG moves to clean up markets with new anti-counterfeit tracking system
By Progress Godfrey The Federal Government has formalised a major agreement to deploy the Products Authentication and Tracking System (PATS), in a decisive move to tackle counterfeit and substandard goods and restore confidence in Nigeria’s markets. According to a statement by the ministry on Thursday, the agreement was signed in Abuja under a Public-Private Partnership arrangement, […]
Middle East crisis: Chemical, pharma manufacturers at highest risk — MAN
By Yinka Kolawole THE Manufacturers Association of Nigeria (MAN) has raised alarm over the escalating military confrontation involving the United States, Israel and Iran, warning that Nigeria’s chemical and pharmaceutical manufacturers face the gravest risk as global economic shocks ripple through the industrial sector. In a statement, Director General of MAN, Segun Ajayi-Kadir, said the […]
Nigeria’s reforms driving strong domestic capital mobilisation — NGX Group CEO
By Peter Egwuatu The Group Managing Director/Chief Executive Officer of Nigerian Exchange Group (NGX) Plc, Temi Popoola, has said Nigeria’s ongoing economic reforms are already strengthening domestic capital formation and positioning the country for deeper global investment partnerships. Popoola made this known while speaking at the Nigeria–United Kingdom Investment Roundtable organised by the Nigerian Investment Promotion […]
