Nigerpost

Nigeria’s Federation Account Allocation Committee (FAAC) disbursed a total of N784.29 billion to the 36 states in February 2026, marking an increase from the previous month’s allocation. This data, published by the National Bureau of Statistics (NBS) and prepared by the Office of the Accountant General of the Federation (OAGF), indicates a positive trend in […]

Nigeria’s foreign exchange reserves have registered a notable decline, falling to $48.6 billion as of April 16, 2026. This figure represents a cumulative decrease of approximately $1.38 billion over a five-week period, according to official data published on the Central Bank of Nigeria’s website. The reserves stood at $50.03 billion as of March 11, 2026, […]

While Nigeria’s aggregate subnational debt increased by 9.89% year-on-year to N4.36 trillion in 2025, a notable cohort of states demonstrated a contrasting fiscal approach. Data from the Debt Management Office (DMO), compiled by the Nairametrics Research Team, identifies ten states that maintained exceptionally low debt levels, with several actively reducing their liabilities. This pattern of […]

In March 2026, the African startup ecosystem demonstrated a pronounced trend of capital concentration, securing a total of $150.50 million across 27 disclosed funding rounds. A detailed analysis reveals that the investment landscape was overwhelmingly dominated by a select few, with the top 10 assets in the fundraising space attracting $143.9 million. This figure represents […]

The United States Embassy in Abuja has temporarily suspended all visa appointment services, a significant operational shift prompted by heightened security concerns. The mission announced this closure via its official social media channel on April 9, 2026. This decision follows a directive from the U.S. Department of State for non-emergency personnel and their families to […]

The Economic and Financial Crimes Commission (EFCC) has formally initiated an appeal to challenge the acquittal of a former Executive Director of the Niger Delta Development Commission (NDDC), Tuoyo Omatsuli, in a high-profile N3.645 billion money laundering case. The anti-graft agency filed a Notice of Appeal at the Lagos Division of the Court of Appeal, […]

The Joint Admissions and Matriculation Board (JAMB) has officially commenced the pre-examination process for the 2026 Unified Tertiary Matriculation Examination (UTME). In a recent bulletin signed by its Public Communication Advisor, Fabian Benjamin, the Board directed all registered candidates to print their examination notification slips. This essential document contains critical details including the candidate’s specific […]

In a significant demonstration of market confidence, the African Export-Import Bank (Afreximbank) successfully secured over $800 million from international capital markets in 2025. This substantial fundraising was achieved through the issuance of Samurai bonds in Japan and Panda bonds in China, underscoring the institution’s diversified global appeal. The announcement, made in a statement detailing the […]

Chams Holding Company Plc has formally announced the strategic appointment of Michael Uwakwe to its board as a Non-Executive Director, effective April 1, 2026. The disclosure was made in a recent filing to the Nigerian Exchange Limited (NGX), underscoring the company’s commitment to regulatory compliance and market transparency. This governance enhancement follows a period of […]

Nigeria’s banking sector is poised for a significant, though moderated, liquidity injection in April 2026, according to projections from the Financial Market Dealers Association (FMDA). Data compiled by the association of bank and discount house traders indicates an estimated N8.84 trillion in liquidity inflows, primarily driven by maturing Open Market Operations (OMO) and Treasury Bills. […]

In a strategic move to bolster national security and technological sovereignty, Nigeria’s Defence Industries Corporation (DICON) has entered a landmark partnership with the EIB Group. The signing of a comprehensive Memorandum of Understanding (MoU) at DICON’s Kaduna headquarters marks a pivotal commitment to localizing the production of advanced defence systems, signalling a new era for […]

Lagos, Nigeria – PAC Capital Limited, a premier investment banking and financial advisory firm, has been distinguished with four major continental awards at the International Business Magazine Awards 2026. This achievement solidifies the firm’s leadership in structuring complex, high-value transactions across Africa’s dynamic markets. This recognition follows the firm’s previous accolade as Best Transaction Advisory […]

For families aiming to secure a strategic foundation for their children’s future, birthright citizenship represents a significant legal and practical advantage. This status grants immediate access to a nation’s educational systems, healthcare services, and labor markets, alongside enhanced global mobility through visa-free travel agreements. These benefits collectively create expanded pathways for academic and professional development. […]

Consolidated Hallmark Holdings Plc has announced its audited financial results for the year 2025, demonstrating a year of strategic growth and resilience across its diversified portfolio. The Group, comprising Consolidated Hallmark Insurance Limited, CHI Life Assurance Limited, Hallmark Health Services Limited, and Hallmark Finance Company Limited, reported significant advancements in its financial position and operational […]

The Federal Government of Nigeria has officially launched a pivotal report designed to empower Nigerian businesses within the vast African Continental Free Trade Area (AfCFTA). Titled “Cross-Border Digital Payments and Identity in Nigeria under the AfCFTA,” the initiative aims to unlock the $3.5 trillion market for the nation’s Micro, Small, and Medium Enterprises (MSMEs). Unveiled […]

In a significant move to bolster key governmental institutions, President Bola Ahmed Tinubu has announced a series of high-level appointments. The President has appointed Dr. Ibrahim M. Ida as the new Chairman of the Corporate Affairs Commission (CAC), Nigeria’s primary regulatory body for company registration and management. Concurrently, he has nominated seven individuals to serve […]

The Central Bank of Nigeria (CBN) has enacted a pioneering regulatory framework that positions the nation at the forefront of automated financial crime surveillance. Issued on March 10, 2026, the “Baseline Standards for Automated Anti-Money Laundering (AML), Combating the Financing of Terrorism (CFT) and Countering Proliferation Financing (CPF) Solutions” represents a landmark shift from traditional […]

Cocoa farmers in Côte d’Ivoire are anticipating a robust mid-crop harvest from March through August, according to reports from CNBC Africa citing Reuters interviews. This positive outlook persists despite a significant downturn in global cocoa prices that is affecting producers throughout West Africa. The anticipated increase in yield is primarily attributed to above-average rainfall across […]

The Nigerian Exchange Sheds points in a session marked by cautious trading and selective gains. On Monday, March 30, 2026, the benchmark All-Share Index closed at 200,484.4 points, representing a marginal decline of 0.21% from the previous session’s close of 200,913.1 points. This downward movement reflected a broader negative sentiment, with market capitalization easing to […]

In a significant restructuring move, Nigerian digital bank Kuda has terminated the employment of hundreds of staff across multiple departments. The decision, communicated to affected employees via a video call with senior executives, is part of a company-wide reorganization aimed at repositioning the fintech for its next growth phase. Internal company documents and sources familiar […]

A strategic shift toward financial resilience is underway within Nigeria’s fast-moving consumer goods (FMCG) sector. Recent audited financial statements for 2025 reveal that eight major FMCG companies listed on the Nigerian Exchange (NGX) collectively reduced their total borrowings by 28%, from N1.66 trillion in 2024 to N1.20 trillion. This significant deleveraging highlights a concerted effort […]

The Federal Government of Nigeria has officially commenced registration for a landmark nationwide program targeting the training of 10 million citizens in financial literacy and inclusion. This comprehensive initiative is a cornerstone of the nation’s strategy to build a more economically empowered populace, directly equipping participants—with a focus on women and youth—with the essential financial […]

In a decisive enforcement action underscoring its regulatory mandate, the National Agency for Food and Drug Administration and Control (NAFDAC) has destroyed counterfeit, substandard, and unwholesome products valued at over Nine Hundred and Thirty-Nine Million Naira (N939 million). The public destruction exercise was conducted at the Anambra State Waste Management dumpsite in Awka, under the […]

At the recent Nairametrics Money Fair WISE 1.0, industry leaders gathered to discuss the future of finance. The event, a premier investment and financial empowerment marketplace, provided a crucial platform for dialogue on navigating Nigeria’s evolving economic landscape. During a panel titled “Investing in Nigeria in 2026: Asset Classes, Timing Windows, Digital Tools, and Risk […]

Financial experts have pinpointed critical errors that could undermine portfolio performance in the coming year. A panel at the Nairametrics Money Fair (WISE 1.0), held on March 18, 2026, in Lagos, emphasized that avoiding common missteps is as crucial as identifying opportunities. The session, “Investing in Nigeria in 2026: Asset Classes, Timing Windows, Digital Tools, […]

Murtala Mohammed Airport Terminal 2 (MMA2) is set to enhance its customer service with the introduction of a fully cashless payment system at its multi-storey car park, effective Monday, March 23. This strategic shift is designed to streamline the parking process, offering travelers and visitors a faster and more convenient experience as they navigate the […]

French industrialist Vincent Bolloré will face a criminal trial this December on charges of corruption and financial misconduct related to port concessions in West Africa. The Parquet National Financier (PNF) confirmed the trial, which concludes a judicial investigation spanning nearly a decade into how Bolloré’s group secured strategic port contracts in Togo and Guinea. Prosecutors […]

Global Monetary Policy Shift Drives Dollar Retreat The US dollar relinquished recent gains this week, falling from multi-month highs as a surge in energy prices prompted a global reassessment of interest rate trajectories. The dollar index, a key measure of the currency’s strength against a basket of peers, declined by 1.1% to 99.359, marking its […]

In a decisive international strike against digital crime, INTERPOL has announced the successful disruption of over 45,000 malicious IP addresses and servers. The coordinated effort, known as Operation Synergia III, mobilized law enforcement agencies from 72 countries and territories, including Nigeria, between July 2025 and January 2026. This operation directly targeted the infrastructure underpinning phishing […]

The Lagos State Government has issued a mandatory directive requiring all building owners, facility managers, and developers to register and obtain official safety certification for every elevator within their properties. The deadline for full compliance is set for March 31, 2026. Lanre Mojola, the Director-General and Chief Executive Officer of the Lagos State Safety Commission, […]

Since 2017, more than 60,300 Nigerian migrants have been safely repatriated to the country through assisted voluntary return programs. The International Organization for Migration (IOM) provided this data, highlighting a significant humanitarian effort to aid citizens stranded on perilous irregular migration paths. IOM Chief of Mission in Nigeria, Sharon Dimanche, detailed the situation during a […]

The Nigerian Civil Aviation Authority (NCAA) has formally summoned Air Peace management to address a significant flight disruption and other operational concerns. This action follows an incident involving a Heathrow-Abuja flight that was diverted, leaving passengers in Lagos after the aircraft returned to Abuja due to a cracked windshield. Michael Achimugu, the NCAA’s Director of […]

In a significant development concerning global energy security, former U.S. President Donald Trump has publicly urged allied nations to deploy international warships to the Strait of Hormuz. The call to action, issued via his Truth Social platform, aims to safeguard the critical maritime passage amid escalating regional tensions involving Iran and Western powers. President Trump […]

The World Travel & Tourism Council (WTTC) has issued a stark assessment of the economic fallout from escalating tensions in the Middle East, revealing that the region is losing an estimated $600 million in daily international visitor spending. This substantial loss underscores the profound vulnerability of global travel networks to geopolitical instability. In a formal […]

The Economic and Financial Crimes Commission (EFCC) has formally brought charges against Ufoma Joseph Immanuel, Managing Director of Intermediate Investment Holdings Limited. The arraignment took place at the Special Offences Court in Ikeja, Lagos, concerning an alleged $1.5 million fraud scheme. Immanuel and his company faced a two-count charge before Justice Mojisola Dada, specifically for […]

In the face of heightened global oil market volatility driven by Middle Eastern geopolitical tensions, the Federal Government has firmly ruled out a return to petrol price controls. Minister of Finance and Coordinating Minister for the Economy, Mr. Wale Edun, reaffirmed the administration’s commitment to market-based pricing during a recent television interview. He emphasized that […]

Japan has implemented a significant change to its immigration policy, formally extending the residency requirement for most foreign workers seeking permanent residency from three to five years. The new regulation, enacted by the Immigration Services Agency of Japan, removes the previous pathway where a three-year visa could lead directly to a permanent resident application. Under […]

In response to circulating online speculation, Nigerian B2B e-commerce platform Alerzo has officially clarified its operational status. The company firmly denies it is conducting a general sale of assets, stating that only scrap and non-functional vehicles are being disposed of. This clarification comes directly from the founder and CEO, Mr. Adewale Opaleye, in a recent […]

The Lagos State Government has announced a significant phase in its ongoing infrastructure upgrade, with the planned closure of the Epe-bound carriageway on the Lekki–Ajah Expressway. The closure, stretching from the Admiralty Way Junction to Jubilee Bridge, is necessary for comprehensive rehabilitation works. This initiative follows the recent completion of the Chevron–Admiralty section and underscores […]

The Independent National Electoral Commission (INEC) has formally released a revised schedule for Nigeria’s 2027 General Elections, significantly moving the dates forward. In an official statement signed by National Commissioner and Chairman of its Information and Voter Education Committee, Malam Mohammed Kudu Haruna, the Commission announced the presidential and National Assembly elections will now be […]

The Nigerian Senate has formally called for a reversal to the previous decentralized payment system for contractors, citing significant inefficiencies in the current centralized model. This appeal was directed at the Federal Government’s Economic Management Team during a critical session on the 2026 budget framework. Chairman of the Senate Committee on Finance, Senator Sani Musa, […]

SCM Capital’s Frontier Fund Announces N18 Per Unit Distribution for 2026 SCM Capital’s Frontier Fund Declares N18 Distribution, Highlights 2025 Growth SCM Capital Asset Management Limited has announced a significant distribution for unitholders of its Frontier Fund. The open-ended unit trust scheme will pay N18.00 per unit to registered members on its register as of […]

Nigerian Equities Surge: All-Share Index Breaks 194,000 Barrier Nigerian All-Share Index Enters New Territory, Led by Healthcare and Finance Stocks The Nigerian equity market sustained its bullish run on February 20, 2026, as the benchmark All-Share Index (ASI) gained 0.99% to close at a historic 194,989.8 points. This performance propelled the index firmly past the […]

Bluebulb Launches Orbita: A Unified Treasury Platform for African Businesses Bluebulb Announces Orbita: A Self-Service Treasury Platform for African Businesses Cross-border payments within Africa are notoriously complex and expensive. Businesses on the continent pay an average of 7.4% to 8.3% in transaction fees, a figure that more than doubles the global Sustainable Development Goals benchmark […]

Federal Government Initiates 2024 Capital Project Payments, Sets March 2026 Implementation Deadline The Federal Government has officially commenced disbursements for outstanding capital projects from the 2024 budget. In a decisive move to accelerate budget execution, the administration has set a deadline of March 31, 2026, for the full implementation of the capital components of both […]

Why Growth, Power, and Productivity Will Define Nigeria’s Century of Plenty The Structural Path to Nigeria’s Prosperity: Growth, Power, and Productivity Can global living standards rise to match those of modern Switzerland by 2100? This ambitious question underscores a fundamental truth: prosperity is engineered, not accidental. For Nigeria, with a current GDP per capita under […]

January 2026 ETF Performance: Analyzing Nigeria’s Market Rally NGX ETFs See Extraordinary January Rally Driven by Investor Demand The Nigerian Exchange (NGX) witnessed a remarkable surge in its Exchange-Traded Funds (ETFs) sector in January 2026. This performance, characterized by significant price appreciation, was primarily driven by heightened investor demand and order-flow dynamics rather than fundamental […]

Nigeria’s January 2026 Inflation Forecast: Analysts Project Stability or Slight Uptick Analysts Forecast Nigeria’s January 2026 Inflation to Hold Steady or Edge Higher Economic analysts project Nigeria’s inflation rate for January 2026 will remain broadly flat or experience a marginal increase. This outlook suggests limited room for sharp moderation, despite observable price relief in certain […]

The Double-Edged Sword: Navigating the Risks of a Rapidly Appreciating Naira The Double-Edged Sword of Naira Appreciation The recent sharp appreciation of the Nigerian Naira, after a prolonged period of depreciation, presents a complex economic narrative. While a stronger currency signals stability and offers political vindication, its rapid rise, particularly when driven by volatile capital […]