Business

Nigeria’s foreign reserves fell by $499.46 million in less than two weeks, declining from $50.02 billion to $49.53 billion between March 11 and 25, 2026, according to the latest external reserves movement data published by the Central Bank of Nigeria (CBN). The approximately 1% decline within a fortnight raises fresh…

32 Nigerian banks have met the CBN’s revised minimum capital requirements under the ongoing Nigerian bank recapitalisation programme, CBN Governor Olayemi Cardoso confirmed on Thursday, March 27, 2026. Cardoso made the disclosure at the Monetary Policy Forum in Abuja, describing the industry’s compliance as “commendable” and a major milestone in…

Nigeria recorded a sharp rise in capital inflows in 2025, with foreign funds entering the economy, climbing by almost 90 per cent as investors took advantage of high yields in the country’s financial markets. Official figures show that net capital imported into Nigeria rose to $23.22 billion in 2025, up…

If there is one thing Nigerians understand well, it is how to spot opportunity inside hardship. In 2026, that mindset will matter more than ever. The economy is tough, competition is rising, and many people are looking for smarter ways to earn, build, and survive. But even in a difficult…

Abia State Governor Alex Otti has opened a $35 million beverage manufacturing facility in Aba. This development is a key step in the state’s ongoing industrial revival and investment efforts. Ultimum Beverages Limited built the facility and Kadji Group supports it. Its location is the Osisioma Industrial Layout in Aba,…