<?xml version="1.0" encoding="utf-8"?><rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom"><channel><title><![CDATA[Nigeria Economy News - Newslocker]]></title><link>https://www.newslocker.com/en-ng/news/nigeria-economy-news/</link><atom:link rel="self" href="https://www.newslocker.com/en-ng/news/nigeria-economy-news/rss/" /><atom:link rel="hub" href="http://pubsubhubbub.appspot.com" /><description><![CDATA[Find your latest Nigeria Economy News news with just one click. Don't miss out on anything happening!]]></description><language>en-ng</language><copyright>Copyright (C) 2026 newslocker.com</copyright><lastBuildDate>Mon, 14 Sep 2026 07:15:00 +0200</lastBuildDate><item><title><![CDATA[Stock market losses N1.9trn to profit-taking]]></title><description><![CDATA[&bull;Analysts finger Dangote Refinery IPOBy Peter EgwuatuThe Nigerian equities market reversed bullish trend last week, as N1.9 trillion was lost to widespread profit-taking across major stocks.The market was bullish penultimate week, as investors gained N3.73 trillion on the Nigerian Exchange Limited, NGX.However, last week&rsquo;s trading was characterised by heavy selling pressure across banking, industrial goods, consumer, oil and gas, and insurance stocks, with the bearish sentiment exten]]></description><link>https://www.newslocker.com/en-ng/news/nigeria-economy-news/stock-market-losses-n19trn-to-profit-taking/</link><pubDate>Mon, 14 Sep 2026 07:15:00 +0200</pubDate><guid>https://www.newslocker.com/en-ng/news/nigeria-economy-news/stock-market-losses-n19trn-to-profit-taking/</guid></item><item><title><![CDATA[Manufacturers’ unsold goods rise to N1.7trn]]></title><description><![CDATA[***As cost of operations rises***Dangote Cement, UACN lead inventory build-up<br />
***Financial experts give more insight, proffer way out<br />
By Peter EgwuatuManufacturing companies across sectors listed on the Nigerian Exchange Limited, NGX, entered the second quarter of 2026 with combined inventories (unsold goods) of about N1.77 trillion, even as their cost of sales rose to N1.43 trillion, highlighting the growing financial pressures confronting businesses and consumers.Financial Vanguard findings s]]></description><link>https://www.newslocker.com/en-ng/news/nigeria-economy-news/manufacturers-unsold-goods-rise-to-n17trn/</link><pubDate>Mon, 14 Sep 2026 05:24:00 +0200</pubDate><guid>https://www.newslocker.com/en-ng/news/nigeria-economy-news/manufacturers-unsold-goods-rise-to-n17trn/</guid></item><item><title><![CDATA[Dangote: N525 refinery shares can hit N10,000]]></title><description><![CDATA[By Udeme AkpanPresident of Dangote Industries Limited, Aliko Dangote, has said shares of the Dangote Petroleum Refinery, being offered at N525 each, could rise to N10,000 in the future.Read Also: Dangote adjusts petrol price 6.7% to N1,350/litreDangote also assured small-scale investors participating in the refinery&rsquo;s Initial Public Offering, IPO, that they would be prioritised in the allocation of shares.He spoke in Hausa during an interview with Abis Fulani, while discussing the propose]]></description><link>https://www.newslocker.com/en-ng/news/nigeria-economy-news/dangote-n525-refinery-shares-can-hit-n10000/</link><pubDate>Sat, 12 Sep 2026 11:39:00 +0200</pubDate><guid>https://www.newslocker.com/en-ng/news/nigeria-economy-news/dangote-n525-refinery-shares-can-hit-n10000/</guid></item><item><title><![CDATA[Recapitalisation empowers insurers to protect manufacturing sector — Report ]]></title><description><![CDATA[By Rosemary Iwunze&nbsp;Following the conclusion of the insurance industry recapitalisation exercise, the sector is now expected to protect Nigeria&rsquo;s manufacturing sector against costly industrial risks.It is also expected to have significant implications for manufacturers whose operations are exposed to risks ranging from factory fires and machinery breakdowns to marine cargo losses, engineering failures and prolonged business interruptions.These positions were contained in the June edit]]></description><link>https://www.newslocker.com/en-ng/news/nigeria-economy-news/recapitalisation-empowers-insurers-to-protect-manufacturing-sector-report/</link><pubDate>Thu, 10 Sep 2026 09:16:00 +0200</pubDate><guid>https://www.newslocker.com/en-ng/news/nigeria-economy-news/recapitalisation-empowers-insurers-to-protect-manufacturing-sector-report/</guid></item><item><title><![CDATA[IPO: From fuel buyers to refinery owners —Dangote]]></title><description><![CDATA[By Udeme AkpanThe planned Initial Public Offering (IPO) of Dangote Petroleum Refinery offers Nigerians a rare opportunity to move from being mere consumers of petroleum products to becoming shareholders in one of the country&rsquo;s most strategic industrial assets.President and Chief Executive Officer of Dangote Industries Limited, Aliko Dangote, who stated this in Lagos yesterday said the proposed listing represents more than a financial transaction, as it would enable Nigerians to participat]]></description><link>https://www.newslocker.com/en-ng/news/nigeria-economy-news/ipo-from-fuel-buyers-to-refinery-owners-dangote/</link><pubDate>Thu, 10 Sep 2026 09:05:00 +0200</pubDate><guid>https://www.newslocker.com/en-ng/news/nigeria-economy-news/ipo-from-fuel-buyers-to-refinery-owners-dangote/</guid></item><item><title><![CDATA[NUPRC threatens oil firms with sanctions over unutilised gas flare sites]]></title><description><![CDATA[By Obas Esiedesa, AbujaThe Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has threatened to sanction companies awarded flare gas sites under the Nigerian Gas Flare Commercialisation Programme (NGFCP) if they fail to make significant progress in utilising the sites.The Commission Chief Executive, Mrs. Oritsemeyiwa Eyesan, disclosed this in Abuja during a working visit to the Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo.A statement by the Commission&rsquo;s]]></description><link>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nuprc-threatens-oil-firms-with-sanctions-over-unutilised-gas-flare-sites/</link><pubDate>Thu, 10 Sep 2026 09:00:00 +0200</pubDate><guid>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nuprc-threatens-oil-firms-with-sanctions-over-unutilised-gas-flare-sites/</guid></item><item><title><![CDATA[CBN warns banks, fintechs over cyber risks]]></title><description><![CDATA[&hellip;Says weak links could destabilise financial systemBy Emma Ujah, Abuja Bureau ChiefABUJA: The Central Bank of Nigeria, CBN, has urged banks, fintechs and other financial institutions to treat cybersecurity and third-party technology risks as critical financial stability issues, warning that vulnerabilities in one institution could trigger widespread disruption across the financial system.The Director, Payments System Supervision at the CBN and Chairperson of the Nigeria Electronic Fraud]]></description><link>https://www.newslocker.com/en-ng/news/nigeria-economy-news/cbn-warns-banks-fintechs-over-cyber-risks/</link><pubDate>Thu, 10 Sep 2026 02:18:00 +0200</pubDate><guid>https://www.newslocker.com/en-ng/news/nigeria-economy-news/cbn-warns-banks-fintechs-over-cyber-risks/</guid></item><item><title><![CDATA[Court fixes Sept 21 to hear motion for winding up of NICON Insurance]]></title><description><![CDATA[By IkechukwuNnochiriThe Federal High Court in Abuja has slated September 21 to hear a petition seeking to formally wind up NICON Insurance Limited following the cancellation of its operating licence.Justice ChigozieOnah, while fixing the matter for hearing, ordered that assets, properties, investments, bank accounts, books, records, documents, and other proprietary interests of the company &ldquo;be preserved and protected from any disposition, dissipation, alienation, encumbrance or dealing in]]></description><link>https://www.newslocker.com/en-ng/news/nigeria-economy-news/court-fixes-sept-21-to-hear-motion-for-winding-up-of-nicon-insurance/</link><pubDate>Wed, 09 Sep 2026 09:42:00 +0200</pubDate><guid>https://www.newslocker.com/en-ng/news/nigeria-economy-news/court-fixes-sept-21-to-hear-motion-for-winding-up-of-nicon-insurance/</guid></item><item><title><![CDATA[Processing, packaging key to closing Nigeria’s N9trn food import gap]]></title><description><![CDATA[&bull;As country spends N16trn on food imports in three yearsBy Providence AyanfeoluwaNigeria&rsquo;s huge food import gap presents a major opportunity for the domestic food processing and packaging industry to deepen local production, create jobs and retain more value within the economy, the Chief Executive Officer of Beta Glass Plc, Alex Gendis, has said.Gendis cited United States Department of Agriculture, USDA, data showing that Nigeria imported approximately $6.6 billion worth of agricultu]]></description><link>https://www.newslocker.com/en-ng/news/nigeria-economy-news/processing-packaging-key-to-closing-nigerias-n9trn-food-import-gap/</link><pubDate>Wed, 09 Sep 2026 09:35:00 +0200</pubDate><guid>https://www.newslocker.com/en-ng/news/nigeria-economy-news/processing-packaging-key-to-closing-nigerias-n9trn-food-import-gap/</guid></item><item><title><![CDATA[Refinery IPO is for the people as process is simplified — Dangote]]></title><description><![CDATA[By Udeme AkpanPresident and Chief Executive Officer of Dangote Industries Limited, Aliko Dangote, has said the forthcoming Initial Public Offering, IPO, of the Dangote Petroleum Refinery is being structured to enable ordinary Nigerians to participate in the ownership of one of Africa&rsquo;s strategic industrial assets.According to him, the public offering was &ldquo;for the people&rdquo;, noting that efforts were being made to simplify the share purchase process and make it accessible to inves]]></description><link>https://www.newslocker.com/en-ng/news/nigeria-economy-news/refinery-ipo-is-for-the-people-as-process-is-simplified-dangote/</link><pubDate>Wed, 09 Sep 2026 09:21:00 +0200</pubDate><guid>https://www.newslocker.com/en-ng/news/nigeria-economy-news/refinery-ipo-is-for-the-people-as-process-is-simplified-dangote/</guid></item><item><title><![CDATA[TCN declares force majeure as tower on Kainji-BirninKebbi line collapses]]></title><description><![CDATA[By Obas Esiedesa, AbujaThe Transmission Company of Nigeria (TCN) has declared force majeure on the 330kV Kainji-BirninKebbi transmission line following the collapse of a transmission tower along the corridor.TCN, in a statement on Tuesday, said the line tripped at 10:44 p.m. on Monday, September 7, 2026.It said a trial re-closure was attempted at 11:07 p.m., but the line tripped again, prompting linesmen from TCN&rsquo;s BirninKebbi Sub-Region to begin a fault-finding patrol along the transmiss]]></description><link>https://www.newslocker.com/en-ng/news/nigeria-economy-news/tcn-declares-force-majeure-as-tower-on-kainji-birninkebbi-line-collapses/</link><pubDate>Wed, 09 Sep 2026 09:11:00 +0200</pubDate><guid>https://www.newslocker.com/en-ng/news/nigeria-economy-news/tcn-declares-force-majeure-as-tower-on-kainji-birninkebbi-line-collapses/</guid></item><item><title><![CDATA[Elektron Energy moves to transform electricity supply for Victoria Island]]></title><description><![CDATA[By UdemeAkpanElektron Energy, a developer and operator of embedded power infrastructure, has unveiled its Victoria Island Power (VIPL) project, a 40-megawatt embedded power network designed to provide dedicated and more reliable electricity to businesses in one of Lagos&rsquo; upscale commercial districts.The company opened the project to customers and business leaders recently at its Victoria Island Power Customer Experience Day, giving stakeholders an opportunity to inspect the facility and r]]></description><link>https://www.newslocker.com/en-ng/news/nigeria-economy-news/elektron-energy-moves-to-transform-electricity-supply-for-victoria-island/</link><pubDate>Wed, 09 Sep 2026 09:04:00 +0200</pubDate><guid>https://www.newslocker.com/en-ng/news/nigeria-economy-news/elektron-energy-moves-to-transform-electricity-supply-for-victoria-island/</guid></item><item><title><![CDATA[RMAFC targets Chinese investors to boost Nigeria’s oil, gas revenue]]></title><description><![CDATA[By ObasEsiedesa, AbujaThe Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has commenced engagements with key stakeholders as part of plans to attract increased Chinese investment into Nigeria&rsquo;s oil and gas sector and boost revenue accruing to the Federation Account.The Commission, in a statement by Head, Information and Public Relations Unit, Maryam Yusuf, said it is planning an Oil and Gas Investment Summit in China, tentatively scheduled for the end of November 2026, to sh]]></description><link>https://www.newslocker.com/en-ng/news/nigeria-economy-news/rmafc-targets-chinese-investors-to-boost-nigerias-oil-gas-revenue/</link><pubDate>Wed, 09 Sep 2026 08:55:00 +0200</pubDate><guid>https://www.newslocker.com/en-ng/news/nigeria-economy-news/rmafc-targets-chinese-investors-to-boost-nigerias-oil-gas-revenue/</guid></item><item><title><![CDATA[Petrol pump prices defy low depot rates, stay above N1,300]]></title><description><![CDATA[By Udeme Akpan, Energy EditorPetrol prices remain elevated at filling stations across Nigeria despite a significant drop in depot prices raising fresh questions over profiteering between wholesale loading and retail prices.The latest mid-day depot price report for Tuesday, September 8, 2026, showed Premium Motor Spirit, PMS, also known as petrol selling between N1,266 and N1,280 per litre at several major Lagos depots.Dangote Refinery and Pinnacle quoted N1,266 per litre, while MRS was at N1,26]]></description><link>https://www.newslocker.com/en-ng/news/nigeria-economy-news/petrol-pump-prices-defy-low-depot-rates-stay-above-n1300/</link><pubDate>Wed, 09 Sep 2026 08:51:00 +0200</pubDate><guid>https://www.newslocker.com/en-ng/news/nigeria-economy-news/petrol-pump-prices-defy-low-depot-rates-stay-above-n1300/</guid></item><item><title><![CDATA[Naira rises to N1,387/$ in parallel market]]></title><description><![CDATA[By Elizabeth AdegbesanThe Naira yesterday appreciated to N1,387 per dollar from N1,390 in the parallel market on Monday.Similarly, the naira appreciated to N1,322.9 per dollar in the Nigerian Foreign Exchange Market, NFEM.Data from the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira fell to N1,322.9 per dollar from N1,320 per dollar on Monday, indicating N2.9 appreciation for the local currency.&nbsp;Consequently, the margin between the parallel and official]]></description><link>https://www.newslocker.com/en-ng/news/nigeria-economy-news/naira-rises-to-n1387-in-parallel-market/</link><pubDate>Wed, 09 Sep 2026 05:42:00 +0200</pubDate><guid>https://www.newslocker.com/en-ng/news/nigeria-economy-news/naira-rises-to-n1387-in-parallel-market/</guid></item><item><title><![CDATA[NRS Reform: Inside the drive to build a smarter, simpler tax system]]></title><description><![CDATA[By Babajide Komolafe<br />
Nigeria&rsquo;s tax administration is entering a phase in which the quality of information available to the tax authority could become as important as the revenue collected.<br />
Across the economy, transactions are increasingly generated and recorded digitally. The challenge for the Nigeria Revenue Service, NRS, is how to use such information to identify taxable activity, verify declarations, reduce leakages and make compliance less cumbersome.<br />
This is the direction of the ongo]]></description><link>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nrs-reform-inside-the-drive-to-build-a-smarter-simpler-tax-system/</link><pubDate>Tue, 08 Sep 2026 09:53:00 +0200</pubDate><guid>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nrs-reform-inside-the-drive-to-build-a-smarter-simpler-tax-system/</guid></item><item><title><![CDATA[PremiumTrust Bank gets dual credit rating upgrades]]></title><description><![CDATA[By Henry ObettaPremiumTrust Bank has received dual credit rating upgrades from Agusto&amp; Co. and DataPro Limited, underscoring its financial strength, sound risk management and growth trajectory.Agusto upgraded the Bank&rsquo;s long-term rating from BBB+ to A- and short-term rating from A2 to A1, while DataPro upgraded its long-term rating from A- to A and affirmed its short-term rating at A1. The upgrades followed the Bank&rsquo;s strong performance, with a pre-tax profit of N177.1 billion a]]></description><link>https://www.newslocker.com/en-ng/news/nigeria-economy-news/premiumtrust-bank-gets-dual-credit-rating-upgrades/</link><pubDate>Tue, 08 Sep 2026 08:18:00 +0200</pubDate><guid>https://www.newslocker.com/en-ng/news/nigeria-economy-news/premiumtrust-bank-gets-dual-credit-rating-upgrades/</guid></item><item><title><![CDATA[DMO offers two savings bonds for September subscription]]></title><description><![CDATA[By Elizabeth AdegbesanThe Federal Government through the Debt Management Office, DMO, has offered two savings bonds for September subscription.DMO made this announcement yesterday noting that the Savings bonds comprises a&nbsp; 2-Year FGN Savings Bond due Sept 16, 2028 at 14.12 percent per annum , and a&nbsp; 3-Year FGN Savings Bond due Sept 16, 2029 at 15.12 percent.According to DMO, the offer closes on&nbsp; September 11, 2026 with settlement date slated for September 16, 2026.Coupon payment]]></description><link>https://www.newslocker.com/en-ng/news/nigeria-economy-news/dmo-offers-two-savings-bonds-for-septembersubscription/</link><pubDate>Tue, 08 Sep 2026 08:11:00 +0200</pubDate><guid>https://www.newslocker.com/en-ng/news/nigeria-economy-news/dmo-offers-two-savings-bonds-for-septembersubscription/</guid></item><item><title><![CDATA[NNPC disowns oil tanker found with 2,145kg of cannabis]]></title><description><![CDATA[By ObasEsiedesa, AbujaThe Nigerian National Petroleum Company Limited (NNPCL) has disowned a truck bearing markings associated with the company after it was intercepted by the National Drug Law Enforcement Agency (NDLEA) with 2,145 kilogrammes of cannabis concealed in a compartment in Ondo State.NNPC Ltd, in a statement by its Chief Corporate Communications Officer, Andy Odeh, on Monday, said preliminary checks showed that the vehicle, with registration number MKA 960 XC, was neither owned by t]]></description><link>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nnpc-disowns-oil-tanker-found-with-2145kg-of-cannabis/</link><pubDate>Tue, 08 Sep 2026 08:08:00 +0200</pubDate><guid>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nnpc-disowns-oil-tanker-found-with-2145kg-of-cannabis/</guid></item><item><title><![CDATA[Nigeria’s trade surplus jumps 67% to N12.59trn in Q2’26]]></title><description><![CDATA[By Yinka KolawoleNigeria&rsquo;s merchandise trade surplus surged by 66.8 per cent quarter-on-quarter to N12.59 trillion in the second quarter of 2026, from N7.55 trillion recorded in Q1, as a sharp rise in exports widened the gap between the country&rsquo;s earnings from exports and its import bill.In its foreign trade statistics report released yesterday, the National Bureau of Statistics, NBS, noted that Nigeria&rsquo;s total merchandise trade stood at N41.44 trillion in Q2&rsquo;26, compris]]></description><link>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigerias-trade-surplus-jumps-67-to-n1259trn-in-q226/</link><pubDate>Tue, 08 Sep 2026 08:04:00 +0200</pubDate><guid>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigerias-trade-surplus-jumps-67-to-n1259trn-in-q226/</guid></item></channel></rss>