H
As Nigeria continues to face foreign exchange pressures, rising import costs, and shifting consumer preferences, a growing number of local brands are proving that quality products do not always have to come from abroad. Across sectors ranging from food and beverages to personal care and manufacturing, Nigerian companies are increasingly attracting customers who once preferred
MADE-IN-NIGERIA BRANDS QUIETLY WINNING CUSTOMERS Read More »
In 2026, Nigeria has recorded periods of improved foreign exchange stability compared to previous years, with the naira showing less volatility in official and parallel market trends. Policymakers have pointed to tighter monetary measures, improved dollar inflows, and reduced speculative pressure as key drivers of this relative stability. Despite these developments, prices of goods and
NAIRA STABILITY DEBATE: WHY LOWER FX RATES HAVEN’T REDUCED PRICES IN NIGERIA Read More »
In 2026, the value of ₦10,000 in Nigeria has significantly declined in terms of purchasing power. Across food markets, transport routes, and basic household needs, the amount now covers far fewer essentials than it did in previous years. Inflation, fuel price increases, exchange rate pressure, and rising logistics costs continue to influence the prices of
Nigeria’s Rising Cost of Living: What ₦10,000 Can No Longer Buy in 2026 Read More »
Continental Hotels Group has entered into a partnership with UNICEF aimed at empowering young Nigerians through skills development in the hospitality and tourism sector. The initiative is designed to open up more opportunities for youths while also strengthening one of the country’s most promising service industries. The partnership was announced as part of a broader
Stakeholders in Nigeria’s creative industry have expressed support for ongoing reforms aimed at strengthening the country’s creative economy, describing recent government initiatives as important steps toward empowering young talents, creating jobs, and expanding opportunities within the sector. The stakeholders made their views known during a gathering of industry professionals, where discussions focused on the future
Creative Economy Reforms Earn Industry Support Read More »
The Central Bank of Nigeria (CBN) has unveiled a revised Foreign Exchange (FX) Manual aimed at improving transparency, strengthening market discipline, and restoring confidence in Nigeria’s foreign exchange market. The updated framework comes as the country seeks to stabilise economic conditions, attract investment, and address long-standing challenges that have affected the efficiency of foreign exchange
CBN Moves to Restore Confidence in Nigeria’s FX Market Read More »
Lagos, Nigeria — Cascador has announced a $5 million funding commitment to a select group of high growth Nigerian startups, in a move aimed at accelerating business expansion, innovation, and long term sustainability across the country’s entrepreneurial ecosystem. Funding to Drive Expansion and Growth The organisation said the support package is designed to help startups
Cascador Awards $5m to Nigerian Startups Read More »
Lagos, Nigeria — The Corporate Accountability and Public Participation Africa (CAPPA) has expressed concern over the increasing availability and promotion of nicotine products in Nigeria, warning that aggressive marketing strategies could expose more young people to nicotine addiction and related health risks. The organisation said the growing presence of emerging nicotine products, including electronic cigarettes,
CAPPA Raises Alarm Over Rising Nicotine Products, Warns Against Youth Targeting Read More »
Lagos, Nigeria — Dangote Petroleum Refinery has successfully increased its crude oil processing capacity to 700,000 barrels per day (bpd), surpassing its official nameplate capacity of 650,000 bpd and reinforcing its position as the world’s largest single-train refinery. The milestone was achieved during a performance test conducted by the refinery’s process licensors, marking a significant
Dangote Refinery Hits 700,000 Bpd Processing Capacity Read More »
Montreal, Canada — The International Air Transport Association (IATA) and the International Civil Aviation Organization (ICAO) have strengthened their cooperation to accelerate the development, deployment, and transparent tracking of Sustainable Aviation Fuel (SAF), a key component in global efforts to decarbonize aviation. The renewed partnership was announced during ICAO Aviation Climate Week in Montreal, where
IATA, ICAO Deepen Cooperation on Sustainable Aviation Fuel Read More »