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Business · Nairametrics ·Nigerian Breweries jumps over 9% as All-Share Index hits N161 trillion value
Nigerian Breweries shares experienced a gain of over 9% while the Nigerian Exchange Group's All-Share Index reached a total valuation of N161 trillion. The surge in the brewery's stock price coincided with a broader market rally that significantly increased the overall market capitalization on the local bourse.
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Business · Vanguard ·Petrol consumption jumps 10.8% to 52.4m, defies higher pump prices
Daily petrol consumption in Nigeria has increased by 10.8 percent to reach 52.4 million liters. This rise in demand persists despite the significant upward adjustments in fuel pump prices across the country. The trend highlights a continued reliance on petroleum products regardless of the prevailing economic challenges and increased costs.
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Business · Vanguard ·Food crisis driven by insecurity, weak policy implementation — Stakeholders
Stakeholders have identified insecurity and poor execution of government policies as the primary factors fueling the ongoing food crisis in Nigeria. These experts suggest that addressing safety concerns and improving administrative processes are essential to stabilizing food supplies and ensuring long-term national food security for the population.
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Business · Vanguard ·FX Infractions: EFCC clears over 1,000 bank accounts, prunes investigations to 16
The Economic and Financial Crimes Commission has cleared more than one thousand bank accounts previously investigated for foreign exchange infractions. Following an extensive review, the anti-graft agency reduced the scope of its ongoing inquiries to focus on only sixteen accounts found to have significant issues requiring further legal or regulatory scrutiny.
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Business · Leadership News ·
Why Nigeria Can’t Compete Globally In Agro-Exports – Experts
Experts have identified significant challenges hindering Nigeria's ability to compete effectively in the global agricultural export market. These obstacles prevent the nation from maximizing its potential in international trade, despite its vast agricultural resources and the ongoing efforts to diversify the economy away from oil dependency.
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Business · Daily Trust ·
Katsina begins review of proposed light rail master plan
The Katsina State government has initiated a formal review of its proposed light rail master plan to improve transportation infrastructure. This strategic evaluation aims to establish a framework for a modern railway system within the state, potentially boosting economic connectivity and urban mobility for residents across the region.
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Business · BusinessDay ·Africa’s green industrialisation: The characterisation of African Development Bank in theatre of green economy
The African Development Bank is positioned as a central player in driving Africa's transition toward green industrialization. The institution plays a critical role in shaping the continent's green economy through strategic investments and policy frameworks aimed at sustainable development and industrial growth across various African nations.
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Business · Vanguard ·Nigeria’s net forex inflow rises 11% to $66.23bn
Nigeria's net foreign exchange inflow recorded an 11 percent increase, reaching a total of $66.23 billion. This growth reflects a rise in the country's forex liquidity as reported by financial data sources. The development highlights trends in Nigeria's international financial transactions and overall economic balance during the period under review.
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Business · Leadership News ·
Petrol Sufficiency Falls 17% To 17.7 Days Despite Improved Domestic Refining
Nigeria's petrol sufficiency has declined by 17 percent, dropping to a supply level of 17.7 days. This reduction occurs despite reported improvements in domestic refining capacity across the country. The current figures highlight a decrease in the national fuel reserve duration even as local production efforts continue to expand.
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Business · ThisDay ·
Tinubu Seeks Global Financial Reforms to Accelerate Africa’s Growth
President Bola Tinubu has called for comprehensive reforms of global financial institutions to support economic development across Africa. The Nigerian leader emphasized the need for structural changes to the international financial architecture to foster sustainable growth and address the continent's specific economic challenges effectively.
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Business · ThisDay ·
FG, IOCs Raise Crude Supply to Dangote Refinery, Others by 103% in 4 Months
The Nigerian Federal Government and International Oil Companies have increased crude oil supply to the Dangote Refinery and other local facilities by 103 percent over a four-month period. This surge in feedstock delivery is part of efforts to boost domestic refining capacity and stabilize the availability of petroleum products within the country.
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Business · ThisDay ·
No Passenger Was Abandoned in London by Air Peace, NCAA Boss Insists
The Director-General of the Nigeria Civil Aviation Authority has clarified that Air Peace did not leave any passengers stranded in London. Following reports of service disruptions, the regulator confirmed that the airline fulfilled its obligations to all travelers during its international flight operations from the United Kingdom.
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Business · ThisDay ·
Nigeria Loses $1bn Yearly to Marine Litter, as Environment Ministry, PROTEGO Launch Policy Brief
Nigeria incurs an annual economic loss of $1 billion due to marine litter. In response, the Ministry of Environment, in collaboration with PROTEGO, has introduced a policy brief aimed at addressing this environmental challenge and mitigating its impact on the nation's blue economy and marine resources.
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Business · ThisDay ·
Shettima: Amid Tax Reforms, Debt Service Burden Slumped to 68% in 2025 from 120% in 2022
Vice President Kashim Shettima stated that Nigeria's debt service burden decreased to 68 percent in 2025, down from 120 percent in 2022. This decline is attributed to the implementation of strategic tax reforms. The change represents a significant improvement in the country's fiscal position and its capacity to manage long-term financial obligations.
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Business · ThisDay ·
Banking Sector Litigation: NJI, NDIC Hold Seminar for Appeal Court Justices
The National Judicial Institute and the Nigeria Deposit Insurance Corporation have organized a specialized seminar for Justices of the Court of Appeal focusing on banking sector litigation. This collaborative initiative aims to enhance judicial understanding of legal complexities within the financial industry and strengthen the resolution process for banking-related disputes across the Nigerian court system.
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Business · The Punch ·Enugu Communities tackle EEDC subsidiary after 10-day blackout
Communities in Enugu State are challenging a subsidiary of the Enugu Electricity Distribution Company following a continuous ten-day power outage in their areas. The residents are demanding the immediate restoration of electricity supply and better service delivery from the utility firm to resolve the prolonged blackout affecting local activities.
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Business · ThisDay ·
Days After Osogbo Attack, TCN Reports Attempted Security Breach at Ogbomosho Facility
The Transmission Company of Nigeria has reported an attempted security breach at its Ogbomosho facility. This development follows a similar attack on the company's infrastructure in Osogbo just days earlier. The utility provider is currently monitoring its installations as security challenges persist across its regional power transmission network.
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Business · ThisDay ·
Estimated Billing: FCCPC Backs Lagos Crackdown on Unmetered Power Supply
The Federal Competition and Consumer Protection Commission has endorsed the Lagos State government's measures against electricity distribution companies regarding estimated billing practices. This support aims to protect unmetered consumers from excessive charges and ensure compliance with regulatory standards for power supply within the metropolitan area.
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Business · The Punch ·
FCMB, partners back $188m solar investment initiative
First City Monument Bank and its partners have announced support for a solar investment initiative valued at $188 million. The project aims to expand renewable energy capacity and drive sustainable power solutions through significant financial commitments, focusing on improving infrastructure and energy access within the Nigerian market.
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Business · BusinessDay ·BusinessDay 13th May 2026
The edition of BusinessDay published on May 13, 2026, provides coverage of Nigerian economic trends, corporate updates, and financial market activities. It serves as a primary source for investors and policymakers seeking information on the nation’s commercial landscape and fiscal developments during the second quarter of the year.
Nigerian News
Headlines from across Nigeria, summarised and updated continuously. Tap any headline to read the full story on the source site.