Category: business

Foreign-exchange trading in Nigeria has continued to attract significant activity, with weekly turnover reaching approximately $5.06 billion in the latest reported period. The development comes as authorities continue efforts to improve liquidity and transparency in the FX market. For Nigerian businesses, currency stability remains particularly important because the exchange rate affects the cost of imported equipment, raw materials, technology and other inputs.

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Nigeria’s equities market ended August on a positive note, with the NGX All-Share Index gaining 1.20% in the latest trading session. The market has delivered a substantial gain since the beginning of 2026, with investors showing continued interest in banking, consumer goods, insurance and energy-related companies. Investor watch: Nigeria’s planned return to the FTSE Russell Frontier Market Index later this month could bring additional international attention to

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Nigeria’s economy recorded stronger growth in the second quarter of 2026, with real GDP expanding by 4.43% year-on-year. The improvement points to growing momentum across several parts of the economy, particularly services, agriculture and the oil sector. However, businesses continue to contend with infrastructure challenges, high operating costs and pressure on household purchasing power. Why it matters: Faster economic growth could create more opportunities for businesses, investors and entrepreneurs if the improvement can be sustained.  

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