Forex inflow rises 36.5% to $33.76bn in five months
By Elizabeth Adegbesan Nigeria’s net foreign exchange (forex) inflow rose by 36.5 percent year-on-year (YoY) to $33.76 billion in the first five months of 2026 (5M’26), from $24.72 billion in the corresponding period of 2025 (5M’25). The increase came amid ongoing efforts by the Central Bank of Nigeria (CBN) to deepen the foreign exchange market, […]
Manufacturers groan as rising credit, production costs threaten recovery
“The exchange rate, the tax reform has given hope that we are now going to have a tax system that supports productivity and incentivizes it”
India-Nigeria trade hits $9bn as firms deepen local production
The expanding corporate presence also signals a shift from an export-driven relationship towards local production. Indian companies are increasingly establishing manufacturing
emPLE meets NAICOM recapitalisation requirement, bolstering capital position, customer confidence
By Rosemary Iwunze emPLE Nigeria has strengthened its capital position following the publication of her name on the list of approved companies on the official website of the National Insurance Commission (NAICOM), indicating that the company has met the applicable recapitalisation requirements, thereby reinforcing its financial strength and capacity to deliver sustainable value to customers […]
Manufacturers groan as rising credit, production costs threaten recovery
By Yinka Kolawole Nigeria have warned that the high cost of credit and rising production expenses remain major threats to the recovery of the manufacturing sector, despite a renewed improvement in manufacturers’ confidence in the economy. This was revealed by the Manufacturers Association of Nigeria (MAN) in its Manufacturers’ CEOs Confidence Index (MCCI) for the […]
Sanwo-Olu, CIBN urge youths to embrace innovation, skills, integrity
By Cynthia Alo & Kafayat Kokumo Lagos State Governor, Babajide Sanwo-Olu, the President of the Chartered Institute of Bankers of Nigeria, CIBN, Dr. Dele Alabi, and other financial leaders have urged young Nigerians to leverage technology, discipline, and practical skills to actively participate in building the nation’s economy. They spoke on Wednesday at the 4th […]
