Nigeria Economy

Building a Resilient Nigeria: Oliver Alawuba Outlines Path to Sustainable Growth Oliver Alawuba, the Group Managing Director of United Bank for Africa (UBA) and Chairman of the Body of Bank CEOs in Nigeria, has articulated a strategic blueprint aimed at steering Nigeria toward long-term economic resilience. Speaking on the country’s financial trajectory, Alawuba pointed to […]

The Harsh Reality of Nigerian Aviation: No Airline Cleared $1 Million Profit in 2025 In a sobering revelation that underscores the turbulent state of Nigeria’s aviation sector, Air Peace Chairman and CEO, Allen Onyema, recently disclosed that no Nigerian airline recorded a profit of up to $1 million in the year 2025. Despite high passenger […]

The Nigerian Naira experienced a notable appreciation in the official foreign exchange market, firming up to N1,320 per US dollar on Monday, September 7. However, this gain was accompanied by a worrying trend: a massive contraction in market liquidity. Foreign exchange turnover in the Nigerian Foreign Exchange Market (NFEM) plunged sharply to a five-month low […]

In a decisive move to protect consumers and secure the national economy, Unilever Nigeria Plc has formalized a strategic partnership with the Nigeria Customs Service (NCS). The collaboration, sealed through the signing of a landmark Memorandum of Understanding (MoU), establishes a robust framework to combat the persistent menace of counterfeit goods and illicit trade across […]

A Game-Changer for the NGX: Nigeria’s Return to FTSE Frontier Index FTSE Russell’s recent announcement that Nigeria will officially reclaim its Frontier Market classification starting September 21, 2026, marks a massive turning point for the Nigerian Exchange (NGX). This decision is set to trigger a structural shift in how international portfolio managers view Nigerian equities, […]

“Stability is not everything,” the German economist and former finance minister Karl Schiller once observed, “but without stability, everything is nothing.” As Nigeria navigates the complex macroeconomic waters of mid-2026, this timeless piece of economic wisdom has never been more relevant. Over the past year, the Central Bank of Nigeria (CBN) has pursued price stability […]