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FG Launches $1bn AfCFTA Fund to Boost Exports

The Federal Government has launched a $1bn AfCFTA Adjustment Fund Credit Facility to help Nigerian businesses expand production, modernise operations, and boost exports under the African Continental Free Trade Area (AfCFTA).

Petrol Imports Fall 96% to ₦87bn, NBS Report Shows

Nigeria’s spending on petrol imports plunged by over 96% in Q1 2026, dropping to just ₦87.4bn, according to the National Bureau of Statistics (NBS).

Trade Surplus Soars 341% to ₦7.55trn in Q1 2026 – NBS

Nigeria’s merchandise trade surplus surged to ₦7.55 trillion in Q1 2026, a 340.9% increase from the previous quarter, according to the National Bureau of Statistics (NBS).

IATA Cuts African Airlines’ 2026 Profit Forecast to $100m

The International Air Transport Association (IATA) has cut its 2026 net profit forecast for African airlines to $100 million, down from the $200 million projection in December 2025.

NGX Rebounds as Stocks Add ₦514.97bn

The Nigerian Exchange (NGX) recorded a strong rebound on Monday, June 8, 2026, as bargain hunting lifted equities by ₦514.97bn, pushing market capitalization to ₦156.11 trillion.

Trade Sector Attracts $65.79m in Q1 2026 – NBS

Trade sector attracted $65.79m in foreign capital in Q1 2026, a 91.3% increase year-on-year from $34.39m in Q1 2025, according to the National Bureau of Statistics (NBS).