Tag: finance

Business

Food Prices Fall in Three Nigerian States, but Inflation Remains High Elsewhere

Food Prices Fall in Three Nigerian States, but Inflation Remains High Elsewhere By Utelnova News Desk Food prices recorded significant monthly declines in Adamawa, Kano and Bauchi in September 2026, while residents in other parts of Nigeria continued to face rising food costs, according to the latest Consumer Price Index report from the National Bureau of Statistics (NBS). The report showed that Adamawa recorded the … Continue reading Food Prices Fall in Three Nigerian States, but Inflation Remains High Elsewhere

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Business

JUST IN: Dangote Refinery Extends IPO Deadline to October 27, Gives Investors More Time

By Utelnova News Desk | October 13, 2026 Dangote Petroleum Refinery and Petrochemicals has extended the closing date of its initial public offering (IPO) by two weeks, giving prospective investors more time to apply for shares in the company. The offer, which opened on September 14 and was originally scheduled to close on Tuesday, October 13, will now remain open until October 27, 2026, following … Continue reading JUST IN: Dangote Refinery Extends IPO Deadline to October 27, Gives Investors More Time

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News

Tinubu Says Reforms Are Working as World Bank Projects 4.4% Growth for Nigeria

President Bola Tinubu has welcomed the World Bank’s latest economic report, saying his administration’s reforms are beginning to deliver results as the bank projects Nigeria’s economy to grow by an average of 4.4 per cent annually between 2026 and 2028. Tinubu made his position known following the release of the World Bank’s October 2026 Nigeria Development Update, which examined the country’s economic performance, government revenues … Continue reading Tinubu Says Reforms Are Working as World Bank Projects 4.4% Growth for Nigeria

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Business

Nigeria Climbs Four Places to Eighth in African Investment Risk Ranking

The assessment comes as the country continues to implement economic reforms introduced since President Bola Tinubu took office in 2023. Among the major changes have been the removal of the petrol subsidy, reforms to the foreign-exchange market and changes to electricity tariffs. The reforms were designed to address long-standing economic challenges, although they have also brought significant pressure on households and businesses, particularly through higher … Continue reading Nigeria Climbs Four Places to Eighth in African Investment Risk Ranking

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Business

5 Things Nigerians Should Know About the Latest Cost-of-Living Changes

Nigeria’s cost of living remains an important concern for households, workers and businesses, even as the country’s headline inflation rate continues to moderate. The National Bureau of Statistics (NBS) reported that headline inflation fell slightly from 15.43% in July 2026 to 15.39% in August. However, food inflation remained considerably higher at 19.57%. Recent increases in petrol prices have also created additional pressure on transportation and … Continue reading 5 Things Nigerians Should Know About the Latest Cost-of-Living Changes

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News

Concerns as Nigeria’s public debt hits N166trn after increasing by N7trn in 3 months

Nigeria’s total public debt has risen to N166.79 trillion, increasing by N7.44 trillion between March and June 2026 and raising fresh concerns over the country’s growing debt burden. The latest figure was contained in a report released by the Debt Management Office (DMO) on Friday. The DMO said the debt stock rose from N159.35 trillion at the end of the first quarter of 2026 to … Continue reading Concerns as Nigeria’s public debt hits N166trn after increasing by N7trn in 3 months

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