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Nigerian manufacturers face rising manufacturing debt burden of N1.96trn in 2025

May 11, 2026
Nigeria’s top manufacturing companies recorded a combined manufacturing debt burden of N1.96 trillion in 2025, according to analysis of audited financial statements of leading Fast-Moving Consumer Goods, FMCG, firms. The data highlights increasing financial pressure on manufacturers operating in a challenging macroeconomic environment marked by inflation, foreign exchange volatility, and rising borrowing costs. The manufacturing...
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Nigeria oil firms sustain crude output export despite refinery demand

May 11, 2026
Nigeria’s oil producing companies continued crude output export operations despite rising domestic refining demand from local refineries, including the Dangote Refinery and rehabilitated state-owned plants. Industry data showed that about 80 per cent of Nigeria’s crude production was exported in recent months even as policymakers push for increased local supply to strengthen domestic refining capacity....
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Investors boost banking industrial stocks as market rally extends

May 11, 2026
Investor interest in banking industrial stocks continued to strengthen on the Nigerian Exchange Limited, NGX, as market rally extended into another trading session driven by sustained buying pressure across key sectors. Trading activities on the exchange reflected growing confidence in equities linked to banking, industrial goods, and oil-related companies amid expectations of stronger corporate earnings...
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Access Holdings dividend clarification follows strong 2025 earnings performance

May 7, 2026
The Access Holdings dividend decision has been clarified by the financial group following investor concerns over the absence of payouts despite strong 2025 earnings performance. The company explained that the dividend suspension was not linked to weak financial results but to pending regulatory approvals required for distribution. The clarification was made during its 2025 full-year...
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Customs trade facilitation drives South-East growth, boosts business access

May 6, 2026
The Customs trade facilitation drive under the Nigeria Customs Service has reshaped business operations in Nigeria’s South-East, with reforms targeting reduced costs and improved access to markets. Comptroller-General Bashir Adewale Adeniyi has implemented policies that decentralise cargo clearance and remove long-standing logistics barriers. The reforms have enabled faster cargo movement and reduced reliance on distant...
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FG contractors debts settlement plan targets transparency, economic stability

May 6, 2026
The Federal Government has initiated a contractors debts settlement process aimed at resolving outstanding obligations owed to indigenous contractors across Nigeria. The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, said the process would be transparent and structured. He made the assurance during a meeting with the All-Indigenous Contractors Association of Nigeria...
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Dangote Cement export growth hits 71.6% as capacity reaches 55Mta

May 6, 2026
Dangote Cement export growth recorded a 71.6 per cent increase in the first quarter of 2026, as the company’s production capacity reached 55 million tonnes per annum. The development was disclosed in the company’s unaudited financial results, highlighting expanded clinker shipments from Nigeria to regional markets. The performance reflects increased cross-border trade and strengthened export...
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ISWAP Commander Killed as Troops Eliminate 50 Terrorists in North-East

June 3, 2026
An ISWAP commander killed during ongoing military operations in Nigeria’s North-East was among at least 50 terrorists neutralised by troops of Operation Hadin Kai, according to military authorities. The operation, which targeted Islamic State West Africa Province (ISWAP) fighters and other insurgents, was carried out as part of intensified efforts to dismantle terrorist networks operating...

Oyo Lawmakers Defection Deepens as Six Reps Dump PDP for APM

June 2, 2026
The Oyo lawmakers defection trend gained momentum on Tuesday as six members of the House of Representatives from Oyo State formally left the Peoples Democratic Party (PDP) for the Allied Peoples Movement (APM). The lawmakers announced their departure during plenary at the House of Representatives, citing the prolonged internal crisis and leadership disputes within the...

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