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Tony Elumelu appointed non-executive director at Seplat Energy

Nigeria, Jan. 23 -- Seplat Energy has appointed Nigerian businessman and investor Tony Elumelu as a non-executive director, following a change in the company's ownership structure. The company also a... Read More


CPPE warns against sugar tax, cites threat to manufacturing, jobs

Nigeria, Jan. 22 -- The Centre for the Promotion of Private Enterprise (CPPE) has warned that renewed calls for a sugar tax on non-alcoholic beverages could hurt Nigeria's manufacturing sector, threat... Read More


IMF welcomes Nigeria's December inflation easing, backs new CPI methodology

Nigeria, Jan. 17 -- The International Monetary Fund (IMF) has welcomed Nigeria's December 2025 inflation figures, saying the easing of price pressures, if sustained, could help reduce cost-of-living p... Read More


Nigeria's GDP could hit 5.5% growth in 2026 under full policy consolidation - NESG

Nigeria, Jan. 16 -- Nigeria's economy could grow by 5.5 per cent in 2026 if the government fully implements key fiscal, monetary and structural reforms, according to a new macroeconomic outlook publis... Read More


FG to support farmers as food prices fall below production cost

Nigeria, Jan. 16 -- The federal government says it will move to support farmers after food prices fell below production cost in some cases, raising concerns about the sustainability of food production... Read More


Nigeria projects 4.68% growth in 2026 as inflation, FX pressures ease

Nigeria, Jan. 15 -- Nigeria expects its economy to grow by 4.68 per cent in 2026, supported by easing inflation, improved foreign exchange stability and continued fiscal reforms, the federal governmen... Read More


Paystack launches microfinance bank

Nigeria, Jan. 14 -- Paystack has launched a microfinance bank in Nigeria, marking a major expansion of its role from payment processing into broader financial services for businesses and individuals. ... Read More


World Bank upgrades Nigeria's growth outlook to 4.4% for 2026

Nigeria, Jan. 14 -- Nigeria's economy is expected to grow at its fastest pace in more than a decade, after the World Bank upgraded its growth forecast for Africa's largest economy. In its 2026 Global... Read More


CEPA: Nigeria to export over 7,000 products duty-free to UAE under new trade deal

Nigeria, Jan. 14 -- Nigeria has secured duty-free access for over 7,000 products to the United Arab Emirates under a newly signed Comprehensive Economic Partnership Agreement (CEPA), a move expected t... Read More


Presco announces board change, appoints new non-executive director

Nigeria, Jan. 13 -- Presco Plc has announced a change in the composition of its board with the appointment of Adewale Arikawe as a non-executive director, effective from 2 January. In a notice to the... Read More