Nigeria’s Shea Nut Prices Drop 33% After Export Ban
Nigeria’s shea nut prices have plunged 33% to N800,000 per tonne following the government’s export ban.
Nigeria’s shea nut prices have plunged 33% to N800,000 per tonne following the government’s export ban.
CBN data shows banks’ borrowing dropped to N2.9trn in August 2025, as deposits surged due to excess liquidity.
Nigeria is urging Chinese tech giants to invest in $671m data market, positioning country as Africa’s next digital hub.
GTCO has injected ₦365.85bn into GTBank, lifting capital base to ₦504bn to meet CBN recapitalisation requirements.
Nigerians sending parcels to the US must now pay $80 prepaid customs duty, following new American trade rules.
Afreximbank has secured AAA rating from Chinese agency CCXI, reaffirming resilience, strategic importance and access to global funding.
NGX records 41.4% growth in 2025 as FX stability, bold reforms, and strong corporate earnings fuel rally.
Imo Governor Uzodimma says rising crude oil output reflects joint efforts of NNPC, security agencies, sub-nationals and federal oversight.
AfDB disclosed $55 billion investments in trade infrastructure, urging Nigeria, Benin and Cameroon to deepen regional cooperation.
Japan Credit Rating Agency affirmed Afreximbank’s A- rating with stable outlook, citing resilience, profitability, and strong trade mandate.
Kano farmers and CSOs have demanded a ban on GMOs, urging authorities to adopt agroecology as a sustainable farming alternative
NNPC boss Bayo Ojulari says the company is under attack from forces opposed to its ongoing transformation agenda.
Access Holdings has announced Innocent Ike as Group CEO, praising Bolaji Agbede’s 18-month stewardship and strategic contributions to company growth.
Emirates joins Africa Tourism and Creative Economy Expo in Abuja, reinforcing UAE commitment to trade, tourism, and sustainable growth.
A recent report has revealed that Egypt and Nigeria collectively account for the largest share of Africa’s remittances.
Air Peace is partnering with Embraer on a Maintenance, Repair and Overhaul facility in Lagos, ending costly foreign repairs.
South African Consul-General Bobby Moroe has says negative perceptions remain a major obstacle to Nigeria-South Africa relations.
Access Holdings has confirmed the resignation of Mr. Roosevelt Ogbonna as Non-Executive Director but remains Access Bank’s MD/CEO.
Segun Ajayi-Kadir has warned 4% FOB levy will escalate costs, fuel inflation, reduce competitiveness and hurt Nigeria’s struggling manufacturers.
CBN has mandated ISO 20022 migration and POS geo-tagging by October 2025 to curb fraud and modernise payments.
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