Daily Business Reporter

  The Central Bank of Nigeria has launched the 4th Edition of its Foreign Exchange (FX) Manual as part of ongoing reforms aimed at improving transparency, liquidity, operational efficiency, and investor confidence in Nigeria’s foreign exchange market. The revised manual, unveiled in Abuja by Olayemi Cardoso, is scheduled to take effect from June 1, 2026, […]

  Leading Nigerian lender PremiumTrust Bank has partnered with Hallelujah Challenge Corporate Social Responsibility team to empower 13 entrepreneurs and small business owners with a total of N50 million in business grants as part of efforts to support grassroots enterprise development and community growth. The grant presentation ceremony, held at the Hallelujah Challenge Centre in

The Green Finance Investment Facility (GFiF), a blended finance platform designed to mobilise large-scale private and institutional investment into distributed renewable energy infrastructure across Nigeria, has officially launched with plans to raise $188 million to finance 191 megawatts of distributed solar capacity nationwide. The facility, led by Barton Heyman Limited in partnership with the Rural

  Nigeria’s pursuit of inclusive economic growth is being constrained by a widening $6.75 billion financing gap that continues to limit access to capital for women, youths, and persons living with disabilities, stakeholders warned at the 4th Gender Impact Investment Summit held in Lagos on Thursday. The summit, themed “From Commitments to Action: Strengthening Inclusive

Nigeria’s headline inflation rate increased to 15.69% in April 2026, up from 15.38% recorded in March, according to the latest Consumer Price Index report released by the National Bureau of Statistics (NBS). The latest figure reflects renewed consumer price pressures across the economy despite a sharp moderation in month-on-month inflation and a notable decline compared

  Cocoa prices have jumped 24% month-to-date in May on the global commodities market, climbing back above the $4,400-per-tonne level lost during the sharp downturn recorded in January 2026. The recovery began gradually, with the commodity posting mild gains through March and April before bullish momentum strengthened significantly in May. A prolonged selloff that began

  Bharti Airtel has announced plans to consolidate its ownership in Airtel Africa as part of a broader strategy to strengthen its position ahead of a planned initial public offering (IPO) of its mobile-money business. The development was disclosed by Bharti Airtel founder Sunil Bharti Mittal, who said the company is targeting up to 90%

  Key members of OPEC+ are planning to continue a series of gradual oil production quota increases over the coming months, with the objective of fully restoring a previously suspended 1.65 million barrels per day (bpd) output cut by the end of September, at least on paper. The development was reported by Bloomberg on Thursday,

  The National Pension Commission (PenCom) has granted Pension Fund Administrators (PFAs) a special regulatory waiver permitting them to invest pension assets in the upcoming Initial Public Offering (IPO) of Dangote Petroleum Refinery & Petrochemicals FZE (DPRP). The approval, disclosed in a circular dated May 13, 2026, temporarily relaxes several investment restrictions that ordinarily apply