US Consulate Targets More Tech, Investment Deals Between Nigerian Entrepreneurs and American Firms
LAGOS, NIGERIA — September 3, 2026 — The United States Consulate in Lagos has intensified efforts to facilitate technology and investment partnerships between Nigerian entrepreneurs and American businesses, as both countries seek to deepen commercial ties and unlock new opportunities in Nigeria’s rapidly expanding digital economy. The newly appointed U.S. Consul General, Brandon Hudspeth, disclosed […]
Nigeria’s Economy Posts Fastest Quarterly Growth in Five Years as GDP Expands 4.43%
Nigeria’s economy recorded its fastest quarterly growth in five years in the second quarter of 2026, with real Gross Domestic Product (GDP) expanding by 4.43 per cent year-on-year, according to data confirmed by the National Bureau of Statistics (NBS). The Federal Ministry of Finance said the strong economic performance, combined with a stabilising naira, translated […]
BREAKING: Nigeria’s GDP Grows 4.43% in Q2 2026, Outpacing 2025 Performance
BREAKING: Nigeria’s GDP Grows 4.43% in Q2 2026, Outpacing 2025 PerformanceNigeria’s Gross Domestic Product (GDP) grew by 4.43 per cent year-on-year in real terms in the second quarter of 2026, surpassing the 4.23 per cent recorded in the corresponding period of 2025. The latest figure, released by the National Bureau of Statistics (NBS), represents a […]
Whatsapp to begin charging businesses per message from October 1
Meta, the parent company of WhatsApp, will introduce new charges for certain business messages sent through the WhatsApp Business Platform from October 1, 2026. The development was announced in a WhatsApp Business Platform pricing update released in July 2026 and will affect companies using the official platform, formerly known as the WhatsApp Business API, to […]
Nigeria’s Petroleum Product Exports Surge Sevenfold Since 2023 – EIA
Nigeria’s seaborne petroleum product exports have increased sevenfold since 2023, driven largely by rising production from the Dangote Petroleum Refinery, according to the latest report by the United States Energy Information Administration (EIA). The EIA said Nigeria’s seaborne petroleum product shipments averaged 561,000 barrels per day (bpd) in the second quarter of 2026, up sharply […]
Nigeria Returns to FTSE Russell Frontier Market Index as FG Hails Reclassification
ABUJA, August 28, 2026 — The Federal Government has welcomed Nigeria’s reclassification by global index provider FTSE Russell from “Unclassified” to Frontier Market status, describing the development as a major boost to investor confidence and the country’s capital market. The new classification will take effect from the opening of trading on Monday, September 21, 2026, […]
Nigeria’s Foreign Reserves Hit $53.11bn, Highest Level in 17 Years
Nigeria’s external reserves have climbed above the $53 billion mark for the first time in more than 17 years, reaching $53.11 billion as of August 24, 2026, according to data from the Central Bank of Nigeria (CBN). Checks on CBN data show that the latest reserve position is the highest recorded since January 12, 2009, […]
Nigerian Equities Rebound, Add N305bn as FTSE Russell Reclassifies Market
The Nigerian equities market rebounded on Thursday, ending an 11-session losing streak after investors responded positively to FTSE Russell’s confirmation of Nigeria’s reclassification from “Unclassified” to Frontier Market status. The NGX All-Share Index gained 0.20 per cent to close at 239,156.09 points, lifting its year-to-date return to 53.69 per cent. Market capitalisation also increased by […]
Nigeria to Reclaim FTSE Frontier Market Status September 21
LAGOS, Nigeria — Nigeria is set to return to FTSE Russell’s Frontier Market status on September 21, 2026, restoring the country to the global investment universe after nearly three years. FTSE Russell confirmed on Thursday, August 27, that Nigeria’s reclassification from Unclassified to Frontier Market status will take effect from the opening of trading on […]
Nnorom Assumes Chairmanship of UBA Board, Succeeds Tony Elumelu
United Bank for Africa (UBA) Plc has appointed Nnorom Nnorom as Chairman of its Board of Directors, effective August 21, 2026, succeeding Tony Elumelu, who stepped down after completing the maximum tenure permitted for non-executive directors under Central Bank of Nigeria regulations. Nnorom, a seasoned businessman and chartered accountant, brings more than four decades of […]