Nigerian manufacturers have warned that persistent policy inconsistency, multiple taxation, and regulatory friction are stifling industrial growth across the country. These challenges are raising production costs and weakening the performance of the real sector, with implications for manufacturing companies listed on the Nigerian Exchange.
Regency Alliance Insurance Plc has officially signed a N3.2 billion share Rights Issue. The capital raising exercise is designed to boost the underwriter's capacity and accelerate its digital expansion strategies.
Nigeria's Minister of Power has promised a significant improvement in the national electricity supply before the end of the year. The government is implementing measures to address historical underinvestment and stabilize the country's power infrastructure.
Petrol prices in Nigeria remain above N1,000 per litre due to ongoing pricing competition between the Dangote Refinery and fuel importers. This price level persists despite global market factors, directly impacting local energy costs and general inflation.
Nigeria's exports reached 1.218 billion dollars between January and May 2026, driven by a significant surge in container throughput which more than doubled during the period. The increase reflects growing trade activity and improved port operations across the country.
Nigeria's crude oil production has recorded a gradual recovery to approximately 1.66 million barrels per day. Despite this progress, structural challenges such as oil theft, pipeline vandalism, and the exit of international oil companies continue to limit the country's full economic potential.
Shell Nigeria Exploration and Production Company has partnered with nine leading Nigerian banks to launch a $3 billion Contract Finance Facility. This credit support initiative is designed to help local contractors fund and execute projects for SNEPCo operations.
President Bola Tinubu has defended his administration's economic reforms, stating that the policies are beginning to stabilize the nation's economy. He noted that the difficult measures have started yielding positive outcomes and are gradually restoring investor confidence in the country.
The Nigeria Customs Service processed 21,376 containers for export valued at 1.218 billion United States Dollars between January and May. The figures reflect the nation's trade performance and export facilitation efforts.
Dangote Petroleum Refinery disclosed a spend of over $4.48 billion on crude oil procurement during a two-month period, noting that the substantial expenditure delayed more significant reductions in domestic petrol prices.
An investment firm associated with Oba Otudeko’s Honeywell Group has acquired a 14 percent stake in Ikeja Hotel PLC. The transaction is valued at over N13.5 billion based on the company's recent closing market price.
President Bola Tinubu has inaugurated a domestic lithium processing plant in Nasarawa State, emphasizing a national shift towards local mineral processing over raw exports to drive industrialization and job creation.
Dangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit to N1,075 per litre. This marks the fourth price reduction by the refinery within a one-month period, altering the pricing dynamics of the domestic fuel market.
Dangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit to N1,075 per litre. This N50 price cut represents the fourth reduction within a single month, impacting the retail pricing structure of fuel across Nigeria.
Dangote Refinery has reduced the price of Premium Motor Spirit by N200 per litre within a single month. The company reported that it absorbed the recent surge in global crude oil prices to facilitate domestic fuel price moderation.
Dangote Refinery has reduced its coastal loading price for petrol to 1,075 Naira per litre. The refinery also suspended its consortium marketing arrangement, allowing all qualified marketers to load petroleum products directly from its gantry.
Dangote Refinery has reduced its petrol ex-depot price by 50 Naira to 1,075 Naira per litre. This price reduction is expected to increase competition in the downstream petroleum sector and potentially reduce retail pump prices for consumers across Nigeria.
The Chartered Institute of Stockbrokers has described FTSE Russell's decision to defer the reclassification of the Nigerian stock market as a key development, highlighting that the country's shortened transaction settlement cycle remains a landmark achievement for the local capital market.
Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation Plc, has graduated the sixteenth cohort of its Business Empowerment Programme for Women. The initiative highlights the hospitality company's commitment to creating economic opportunities and promoting inclusive growth.
The Minister of Budget and Economic Planning, Atiku Bagudu, stated that President Bola Tinubu’s economic reforms have established Nigeria as a premier investment destination in Africa. He noted that these policy changes have strengthened macroeconomic stability and boosted foreign and domestic investor confidence.