Nigeria News and Market Updates
Why is EUR/NGN down 0.5% today?
Technical signals and modest volatility have driven Euro vs Nigerian Naira (EUR/NGN) marginally lower, as short-term momentum has softened following the open. The move is limited by the presence ...
Nigeria cocoa farmers expect maincrop output to hold steady amid favourable weather
Nigeria's cocoa farmers expect maincrop production to remain steady in the 2026/2027 season as rainfall and sunshine support pod development, harvesting and drying across key growing regions. The ...
Will EUR/NGN hold NGN1,500 support amid ongoing seller control and naira strength?
Euro vs Naira (EUR/NGN) is trading at NGN1,508, with a modest decline in today's session. The price remains below its short- and long-term moving averages, indicating ...
Nigeria cocoa processors face EU tariff pressure amid value-addition drive
Nigeria is trying to expand beyond raw agricultural exports by building more domestic cocoa processing capacity, but that strategy is meeting resistance in the European market. Higher tariffs on ...
Gombe seeks Czech investment to expand agro-processing and manufacturing
Gombe State is courting Czech investors and technology partners to deepen agro-processing and manufacturing as it tries to cut farm losses and widen industrial activity. The push centres on ...
Olam Agri commits $70 million to expand Nigeria feed capacity
Nigeria’s livestock and aquaculture supply chain is set for added processing capacity as Olam Agri commits $70 million to a new integrated feed mill in Delta State. The facility in Ogwashi-Uku ...
UAC divestment in Livestock Feeds clears NGX approval hurdle in Nigeria
Nigeria's agricultural sector is moving closer to a significant ownership reshuffle after a key regulatory step for Livestock Feeds. The approval covers UAC's planned divestment of its N19.5 ...
Euro vs Nigerian Naira ticks up after naira gains on $950 million central bank action
Euro vs Nigerian Naira (EUR/NGN) is advancing after the Nigerian naira’s recent strengthening, driven by increased foreign exchange liquidity and a $950 million intervention by the Central Bank ...
EUR/NGN consolidates near NGN1,520 resistance amid ongoing buyer support
Euro vs Naira (EUR/NGN) is trading at NGN1,512.58, posting a modest daily gain. The pair sits above its key moving averages on the working timeframe, while it remains ...
OPay withdraws U.S. IPO after pricing shares, dealing setback to listings market
After securing investor commitments for a $304 million initial public offering, OPay halts the share sale just hours before trading is set to begin in the U.S. The move leaves the Africa-focused ...
Nigeria households expand backyard farming as food inflation strains budgets
With food costs continuing to climb in Nigeria, more households are using small spaces at home to grow crops and ease pressure on family budgets. The shift is spreading through urban and ...
Johnvents Industries commercial paper draws excess demand in Nigeria
Investor appetite for short-term corporate debt in Nigeria remains firm as Johnvents Industries Limited secures demand above its planned fundraising target. The oversubscription of the company’s ...
African women entrepreneurs expand recycling, food and clean energy businesses
Women-led businesses across Nigeria, Uganda, Kenya and Malawi are scaling operations in recycling, school meals, irrigation and clean cooking while addressing financing and market barriers. Their ...
UNCTAD report flags uneven fuel-price surge across developing economies
Fuel-cost pressures are hitting countries and households unevenly as higher oil prices feed through to diesel, gasoline and transport bills. UNCTAD says the scale of the impact depends on domestic ...
Access Bank restructures leadership to boost African earnings and digital efficiency
Access Bank is reshaping its senior management as it pushes to strengthen growth across its African operations. The changes elevate Oluseyi Kumapayi to deputy managing director for African ...
OPay IPO withdrawal raises dual-listing risks for Nigerian fintech sector
African fintech groups seeking deeper pools of international capital are facing tougher questions over how to balance fundraising ambitions with the demands of multiple markets. OPay Limited's ...
Export From Nigeria expands trade network for Nigerian exporters and suppliers
Nigeria-based trade platform Export From Nigeria is promoting a structured business community aimed at linking exporters, suppliers and international buyers. The offering centers on verified trade ...
Zenith Bank nine-month profit edges up on retail and corporate banking strength
Nigeria's banking sector continues to navigate a difficult operating environment as lenders balance growth with pressure on the wider economy. Zenith Bank Plc reports that profit before tax rises ...
Japaul Gold and Ventures dredging unit drives nine-month revenue to N4.22 billion
Japaul Gold and Ventures Plc is relying overwhelmingly on dredging to support its top line in the nine months ended September 2026. The concentration underscores strong demand in the segment and ...
Nigerian banks lose ranking position in Africa’s banking sector
Competitive pressure is intensifying across Africa’s banking industry as lenders from several markets strengthen their standing on the continent. Nigerian banks, including Guaranty Trust Holding ...
VFD Group nine-month profit rises on investment-led earnings growth in Nigeria
Nigeria's financial services sector remains focused on portfolio expansion and return generation as firms navigate competitive market conditions. VFD Group says its unaudited results for the nine ...
