Nigeria's Capital Inflows Surge 93.71% to $23.40bn in 2025 as FX Reforms Boost Investor Confidence Portfolio investment dominates inflows; the United Kingdom remains the largest source; outflows also nearly double to $21.12bn. Nigeria's capital importation nearly doubled in 2025, rising by 93.71 per cent to US$23.40 billion, from US$12.08 billion in 2024, according to the …
The Federal Government is designing a new framework to lower the cost of capital for businesses without reintroducing subsidies, Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has said. Oyedele disclosed this on Thursday in Abuja at the 7th Africa Emerging Markets Forum, describing the initiative as a complement to the Central …
Presco and Okomu Oil Palm Company delivered another strong operating performance in the first half of 2026; however, higher taxes under Nigeria's new tax regime and strategic balance sheet adjustments reduced their net profits, despite resilient margins, stronger balance sheets, and rising investor confidence. An analysis of the companies' half-year (H1) financial results shows that, …
The Director-General of the World Trade Organisation, Dr Ngozi Okonjo-Iweala, and the Central Bank of Nigeria Governor, Olayemi Cardoso, have said Africa cannot simply wait for the old world order to return. It has to build the institutions, the trade links and the domestic capital base to compete inside the new one. The two headlined …
Nigeria's ambitious Industrial Policy 2025 faces implementation concerns as millions of small businesses struggle to survive harsh operating conditions. The Chairman of the Alliance for Economic Research and Ethics, Dele Kelvin Oye, raised the concern. According to him, Nigeria's Industrial Policy 2025 (NIP2025) risks failing to achieve its objectives unless the government closes the gap …
Despite windfalls recorded by many oil-producing nations in recent months following the tension in the Middle East, Nigeria lost an estimated N5.1 trillion in expected oil revenue in six months. The 2026 federal budget has a target of 1.84 million barrels per day (bpd), but the data published by the Nigerian Upstream Petroleum Regulatory Commission …
Nigeria is among 60 countries affected by a new round of United States import tariffs that took effect on Friday, as President Donald Trump's administration tightened its trade policy with duties of up to 12.5 per cent on imports from major trading partners. The new measures replace a temporary global tariff introduced earlier this year …
From Okrika clothes and fairly used phones to second-hand furniture, appliances, and cars, rising prices and shrinking purchasing power are reshaping how Nigerians consume. For years, buying second-hand goods in Nigeria carried a social stigma. Used clothes, electronics, fairly used phones, furniture, and appliances were dismissed as "okrika", often associated with people who could not …
Delegation to inspect industrial hub as Nigeria seeks to revive textile sector. Vice President Kashim Shettima on Thursday travelled to the Republic of Benin on a working visit aimed at exploring strategies for reviving Nigeria's struggling textile industry. According to a statement by the Senior Special Assistant to the Vice President on Media and …
Nigeria could face a major funding gap if the United States withdraws all foreign assistance, potentially losing between $740 million and $790 million annually based on historical disbursement trends. The development would end more than a decade of steady US financial support that has channelled almost $8.9 billion into the country since 2015. Data from …
