Nigeria’s bank recapitalisation has strengthened financial institutions, but affordable credit, small-business financing, investment and job creation remain key tests of economic progress.
Category: Business and Economy
World Bank: 82.9% of Nigerians Without Education Live in Poverty as Education Gap Widens!
The World Bank reports that 82.9% of Nigerians aged 16 and above without education live in poverty, compared with 26.6% of those with tertiary qualifications.
Fuel Subsidy Return Could Push Naira to ₦4,000 per Dollar, Finance Minister Warns!
Nigeria’s Finance Minister Taiwo Oyedele warns that restoring petrol subsidies could trigger capital flight, weaken investor confidence and push the naira towards ₦4,000 per dollar.
LSETF, Canva Partner to Train 5,000 Lagos Businesses in AI and Digital Marketing!
LSETF and Canva partner to equip 5,000 Lagos businesses with AI, digital marketing and branding skills to strengthen their online presence.
NGX Closes Higher as Equities Rally Across Sectors, All-Share Index Hits 247,707.13 Points!
The NGX All-Share Index gained 33.48 points to close at 247,707.13 on October 15, 2026, as Nigerian equities extended their recovery.
Nigeria’s Inflation Falls to 14.63% in September Despite Rising Energy Costs!
Nigeria’s inflation rate fell to 14.63% in September 2026, but rising energy costs and persistent food price pressures continue to challenge households and businesses.
17.9 Million More Nigerians Fell Into Multidimensional Poverty Between 2021 and 2024 – UNDP Report!
UNDP reports that 17.9 million more Nigerians fell into multidimensional poverty between 2021 and 2024, raising the rate to 38.7 per cent.
Dangote Refinery Targets 1.4 Million Barrels Per Day Capacity by Early 2029!
Dangote Refinery targets 1.4 million barrels per day by early 2029 under a $14.3 billion expansion plan, with implications for Nigeria’s fuel supply and exports.
Stocks Rise as Oil Prices Fall After Trump Announces Russia-Ukraine Energy Ceasefire!
Global stocks rose as oil prices fell after Donald Trump announced a proposed Russia-Ukraine energy ceasefire, while Houthi attacks on Saudi Arabia kept supply risks in focus.
Polycrisis Era: Nigerian Firms Face Strategic Risks Despite Proven Business Resilience!
Nigerian firms face overlapping economic, technological and geopolitical risks. Explore five strategic priorities for strengthening business resilience in the polycrisis era.
Nigeria Customer Satisfaction Hits 71% as E-Commerce Leads and Power Sector Trails!
Nigeria’s customer satisfaction score reached 71% in 2025, with e-commerce leading at 75% and the power sector ranking lowest at 51%, according to the latest NCSI report.
Dollar to Naira Exchange Rate Today, October 9, 2026: Official and Black Market Rates!
Dollar to naira exchange rate today, October 9, 2026: Check the latest available official CBN reference rate and indicative black-market quotations.
Recapitalisation: Labour Ministry Urges Nigerian Banks and Insurers to Protect Workers!
Nigeria’s Labour Ministry has urged banks and insurance companies to protect workers’ rights, fair wages and job security amid recapitalisation, automation and restructuring.
Nigerian States’ Revenues Surge 93% as Education’s Share of Spending Falls, World Bank Reports!
Reported by Simon Daniel Yusuph l Journalist at Weng Global Nigeria’s state governments recorded a 93 per cent increase in aggregate revenue in real terms […]
CBN Withdraws ₦3.31tn From Banks as ₦2.17tn OMO Maturities Return Liquidity!
The CBN withdrew ₦3.31 trillion through its latest OMO auction as ₦2.17 trillion in maturing bills returned liquidity to Nigeria’s banking system, resulting in a net withdrawal of about ₦1.14 trillion.