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🇳🇬 Nigeria: market & economy news today

The latest market, economy, central-bank, policy and company stories from Nigeria, updated every 15 minutes. Last updated 19 October 2026.

Nigeria investor snapshot

GDP growth (2025)4.0%Fast growth.
Inflation (2025)23.0%High inflation: money loses value quickly.
Unemployment (2025)3.1%Low: the job market is tight.
GDP per person (2025)$1,224Average output per person: a rough measure of how wealthy a country is.
Current account (2025)+4.8% of GDPSurplus: earns more from abroad than it spends.

Latest official annual figures from World Bank Open Data (CC BY 4.0). Context, not a forecast or financial advice.

Latest stories

Companies

Nigeria’s portfolio investment rises 45% to $6.51 billion in Q2 2026

Nigeria’s portfolio investment rose by 45% to $6.51 billion in the second quarter of 2026, up from $4.49 billion in the previous quarter, according to data from the Central Bank of Nigeria (CBN).

Source: Nairametrics
Economy

REA: Building local energy ecosystems with mini-grids to boost business, agric productivity

Nigeria is gradually moving beyond simple grid connections to build holistic local energy ecosystems designed to directly stimulate commercial growth

Source: BusinessDay
Policy & Geopolitics

Nigeria’s N9.2m tobacco control budget too small to tackle 26,800 deaths – CAPPA

Ailments linked to tobacco use claims over 26,800 lives annually in Nigeria and over seven million lives globally, including 1.6

Source: BusinessDay
Markets

Berger Paints has surged over 200%: Is the stock now too expensive?

Berger Paints Nigeria Plc has rewarded investors with a 207.5% share-price gain in 2026, turning a N100,000 investment at the beginning of the year into approximately N307,500, excluding dividends and trading costs.

Source: Nairametrics
Markets

Why Aradel may still have room after doubling investors’ money in 2026

Aradel Holdings has more than doubled investors’ money this year, but anyone who bought at its April peak has experienced a different story.

Source: Nairametrics
Economy

Nigeria’s manufacturing investment jumps 102% on backward integration

Nigeria’s manufacturing sector ramped up investments in assets by 102.16 percent to N1,331.88 billion in 2025, from N658.81 billion in

Source: BusinessDay
Companies

Nigeria: Presidency, Makinde At 'War' Over N250bn Nlng Dividend

[Vanguard] ABUJA -- THE Presidency yesterday described as false Oyo State governor, Seyi Makinde's latest claim that the federal government was withholding N250 billion in NLNG dividend windfall for each state of the federation, asking that it be disregarded.

Source: AllAfrica
Policy & Geopolitics

FG’s N658.9 billion cash transfers reach 10.46 million households, World Bank flags gaps

The Federal Government disbursed N658.9 billion in direct cash transfers to 10.46 million poor and vulnerable households by September 2026, according to the World Bank’s latest Nigeria Development Update.

Source: Nairametrics
Economy

Bank credit to Nigerian manufacturers falls 26.8% to N5.19 trillion, CBN data show

Credit extended by Nigerian banks to the manufacturing sector fell by 26.8% year-on-year to N5.19 trillion in June 2026, according to data from the Central Bank of Nigeria (CBN), highlighting a decline in lending to manufacturers amid persistent operating challenges.

Source: Nairametrics
Markets

Sterling Bank joins $4.1bn scheme to finance Renaissance oil contractors

Sterling Bank has joined a $4.1 billion and N435 billion financing scheme involving 13 financial institutions to improve access to

Source: BusinessDay
Policy & Geopolitics

Oyo gets 17.7MW mini-grid projects as Power minister rules out electricity tariff hike

The Minister of Power, Joseph Tegbe, has announced the commencement of five interconnected mini-grid projects with a combined capacity of

Source: BusinessDay
Policy & Geopolitics

Nigeria backed farmers with subsidies. Where is the cheaper food?

Imagine a country celebrating a bumper harvest while millions of its citizens cannot afford three decent meals a day. It

Source: BusinessDay
Markets

Nigeria: Presidency Denies Withholding ₦250bn Nlng Dividends From States

[Vanguard] The Presidency has dismissed Oyo State Governor Seyi Makinde's claim that the Federal Government is withholding ₦250 billion in Nigeria LNG Limited (NLNG) dividends for each state until after the 2027 general elections.

Source: AllAfrica
Markets

Nigeria: 51 African Nations Participate in Dangote Refinery's Initial Public Offer

[This Day] Dangote Petroleum Refinery & Petrochemicals yesterday announced that its ongoing Initial Public Offer (IPO) has attracted overwhelming participation from investors across Africa and the global investment community, with subscriptions received from more than 90 countries, including investors from 51 of…

Source: AllAfrica
Policy & Geopolitics

Nigeria: Kwankwaso Rules Out Withdrawal From Presidential Election, Rejects Adc Alliance

[This Day] *Dismisses speculation over last-minute deal with opposition party

Source: AllAfrica
Companies

Nigeria: Dangote Refinery IPO Attracts Investors From 90 Countries

[Daily Trust] Dangote Petroleum Refinery & Petrochemicals has announced that its ongoing Initial Public Offering (IPO) has attracted participation from investors across Africa and around the world.

Source: AllAfrica
Policy & Geopolitics

Nigeria disputes World Bank debt figures as quarterly budget reports go missing

Nigeria’s failure to publish budget implementation reports since the third quarter of 2025 is complicating scrutiny of its public finances,

Source: BusinessDay
Economy

Nigeria’s 7% growth bet faces high costs, weak productivity

Nigeria is betting on its economy to grow by seven percent in 2027 while ruling out a return to fuel

Source: BusinessDay
Companies

Presidency dismisses Makinde over N250bn NLNG dividend claims

The Presidency on Sunday dismissed claims by Oyo State Governor Seyi Makinde that the federal government owes states ₦250 billion

Source: BusinessDay
Companies

Presidency dismisses Makinde over N250bn NLNG dividend claims

The Presidency on Sunday dismissed claims by Seyi Makinde, the Oyo State governor, that the federal government owes states ₦250

Source: BusinessDay
Companies

Data-driven public relations practice key to business sustainability in investment banking sector – Experts

Communication professionals in the financial sector must move beyond intuition and experience and adopt research, analytics and measurable outcomes if

Source: BusinessDay
Policy & Geopolitics

Makinde assures LAUTECH Teaching Hospital staff on payment of salary arrears, minimum wage

…Raises cleaners’ salaries from N15,000 to N80,000 monthly The Oyo State Governor and the Presidential Candidate of the Allied

Source: BusinessDay
Markets

FG rules out return to fuel subsidy, multiple exchange rates

The Federal Government has ruled out restoring fuel subsidies and multiple exchange rates, reaffirming its commitment to economic reforms as it seeks to translate stabilisation gains into investment, economic growth and job creation.

Source: Nairametrics
Companies

EIB Global, FCMB stake €85m to support companies across Nigeria’s agricultural value chains

…70% of financing targets cocoa, dairy businesses EIB Global (the European Investment Bank Group’s international development arm) and First City

Source: BusinessDay
Markets

Eno pledges conducive environment for investors

…unveils Signature Bank in Uyo Umo Eno, the Akwa Ibom State Governor, has assured investors from the private sector

Source: BusinessDay
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