Airlines in Nigeria have warned they may suspend flight operations nationwide from April 20, 2026, following a dramatic surge in aviation fuel prices that has pushed Jet A1 above ₦3,000 per litre. The development was reported by Channels Television, citing a letter from the Airline Operators of Nigeria (AON) to the Major Energies Marketers Association […]
The Federal Government of Nigeria has signed a revised Bilateral Air Services Agreement (BASA) with Morocco to expand flight operations and strengthen tourism and commercial ties between the two nations. The development was disclosed in a statement issued by Tunde Moshood on Wednesday. According to the statement, the new agreement is expected to improve air
Nigeria, Morocco Sign New Air Services Agreement to Expand Flights and Tourism Read More »
Nigeria’s gig economy has expanded to an estimated $5.17 billion, with ride-hailing platforms playing a major role in creating flexible income opportunities across the country. This was revealed in a new report commissioned by Bolt and conducted by Ipsos, which was unveiled in Lagos on Tuesday. The study, which examined gig work trends across Nigeria,
Nigeria’s Gig Economy Hits $5.17bn as Ride-Hailing Drives Flexible Income Growth Read More »
The International Monetary Fund (IMF) has revised Nigeria’s economic growth forecast for 2026 downward to 4.1%, reducing its earlier projection of 4.4% by 0.3 percentage points amid mounting global and domestic economic pressures. The updated outlook was disclosed during a media briefing for the launch of the April 2026 Global Financial Stability Report, monitored by
IMF Lowers Nigeria’s 2026 Growth Forecast to 4.1% Amid Rising Global Pressures Read More »
Nigeria’s cash liquidity cycle showed signs of gradual normalisation in February 2026, as currency held outside banks declined slightly to ₦5.20 trillion, reflecting easing demand for physical cash after the year-end spending surge. According to data from the Central Bank of Nigeria (CBN), cash outside the banking system fell by 0.058% in February, while the
Youths in Lagos State contribute an estimated N4.5 trillion annually to the state’s Gross Domestic Product (GDP), according to Governor Babajide Sanwo-Olu. The governor disclosed this on Monday at the Abuja Dialogue, held in Abuja and organized by the Office of the Vice President of Nigeria in collaboration with the Lagos State Government. The event,
President Bola Ahmed Tinubu on Monday convened a series of high-level security meetings at the Presidential Villa in Abuja, following fresh military casualties and escalating violence in parts of the country. The President first held a closed-door meeting with the Chief of Defence Staff, Olufemi Oluyede, alongside an unnamed French general, in what sources described
Tinubu Holds Emergency Security Talks After Deadly Attacks on Soldiers and Civilians Read More »
Exchange Traded Funds (ETFs) listed on the Nigerian Exchange Limited recorded mixed performance in the week ended April 10, 2026, with the SIAML Pension ETF 40 dropping 26% to close at N10,350, leading losses across the market. Data compiled from NGX trading activity shows that both trading volume and transaction value declined week-on-week, reflecting weaker
Nigerian ETFs See Sharp Swings as SIAML Pension ETF Plunges 26% Amid Weaker Trading Read More »
Nigeria’s mutual fund industry expanded to N8.44 trillion in March 2026, reflecting a 2.38% month-on-month increase from N8.24 trillion recorded in February, according to industry data released by the Securities and Exchange Commission (SEC). The data, which tracks fund performance and investor participation across the sector, highlights sustained investor interest in the market, supported by
The Nigerian All-Share Index closed Monday’s trading session in positive territory, rising to 204,458.9 points on April 13, 2026, marking the first time the index has crossed the 204,000 level in the history of Nigeria’s equities market. The gain represents a 0.34% increase from 203,770.4 points recorded in the previous trading session, highlighting sustained investor
Nigerian Stock Market Hits Historic Milestone as All-Share Index Surpasses 204,000 NG Read More »
