Tuesday, July 28, 2026
Nigeria’s manufacturing index expansion slows in August as economy comes out of recession
The manufacturing purchasing managers’ index (PMI), an indicator of the economic health of the manufacturing sector, declined marginally to 53.6...
Read moreDetailsNigeria’s inflation to decelerate further on stable exchange rate, tight liquidity
Financial analysts say Nigeria inflation may decelerate further in August albeit marginally to 16 percent, citing stable exchange rate and...
Read moreDetailsInvestors’ move for profit in banking bellwethers, NB, sustains bearish sentiment in Nigeria equities market
Nigeria equities market maintained its negative trend Thursday as the bourse’s benchmark index shed 35 basis points to close at...
Read moreDetailsNigeria naira trades N362/$ as CBN injects $547m in one week
Nigeria’s central bank Thursday raised the total intervention for the week to $547 million as against $195 million offered the...
Read moreDetailsNigerian banking sector hovers near top of risk watch, says EIU
The Economist Intelligence Unit (EIU), a member of The Economist Group, has indicated that Nigeria’s banking sector is hovering near...
Read moreDetailsFull privatization seen behind the success of SACHOL, says BPE
Alex A. Okoh, director general of Nigeria’s Bureau of Public Enterprises (BPE), has said that the full privatisation method used...
Read moreDetailsNigeria re-awards $5.8 billion Mambilla hydroelectric power plant contract to Chinese state firm
Nigeria has approved the construction of a $5.8 billion hydroelectric power plant by a Chinese state firm, the power minister...
Read moreDetailsNigeria stocks continue losing streak as market index dip for third consecutive trading day by 1.5%
Nigeria’s equities market extended losses from two previous trading sessions to Wednesday as the benchmark index fell 1.5 percent to...
Read moreDetailsDangote’s ‘ghost’ tomato factory showcases Nigeria’s farming, industry challenges
Nigeria’s biggest and state-of-the-art tomato factory located in northern Nigeria owned by Dangote is producing tomato puree only on paper,...
Read moreDetailsNigerian insurer, Ensure, in buyout deal with Germany’s Allianz in African push
Germany’s Allianz said Wednesday it is buying control of Nigerian insurer, Ensure Insurance Plc, in a push for growth in...
Read moreDetails
BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.
Nigerian elite: Agents of future destruction or development? (1)