A new report reveals Nigeria's gig economy has surpassed $5.17 billion, with ride-hailing accounting for 24% of participation. The sector provides flexible income, especially for youth, and contributes 2.8% to GDP.
Frederik Klinke of APM Terminals Nigeria calls for regulatory reforms, port modernization, and digital integration to capture East-West Africa trade growth, citing a 1,085% surge in export volumes.
Nigeria's Minister of Steel Development, Shuaibu Abubakar Audu, has signed a $1 billion Memorandum of Understanding with India's Rashmi Metaliks Group to revitalize the nation's steel industry over three years.
Industry experts warn that Nigeria's non-oil exports face challenges from weak value addition and infrastructure gaps, limiting global trade opportunities despite record growth in volumes and earnings.
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Over 80% of Nigeria's fishing vessels are grounded due to soaring fuel prices, causing fish scarcity and price hikes, with 10,000 jobs at risk, prompting calls for government intervention.
While Nigeria's macroeconomic indicators show improvement under Tinubu's reforms, poverty rates have surged to 63%, affecting 140 million citizens. This analysis reveals the disconnect between elite statistics and the harsh realities faced by ordinary Nig
An analysis of how Nigeria's Shiroro Hydroelectric Power Station, designed as a seasonal reserve, has been misused due to systemic failures in the power sector, worsening annual electricity crises.
Enugu State launches new NG-CARES phase targeting over 3,000 rural beneficiaries with water, sanitation, and enterprise support. UNESCO commends Governor Mbah's Smart Schools initiative, pledging partnership in digital education and cultural heritage.
Despite raising N4.65 trillion in fresh capital, Nigerian banks face constraints from high interest rates and tight monetary policies, limiting their ability to drive economic development through credit expansion.
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Industry experts at the West Africa Infrastructure Expo call for urgent infrastructure development to unlock Nigeria's industrial potential, citing financing gaps and intergovernmental overlaps as major hurdles.
Lekki Deep Sea Port collaborates with China's Consulate General to enhance technical capacity through a training program in China, focusing on port management and operational efficiency.
Tosin Eniolorunda, CEO of Moniepoint, partnered with ALX to host a virtual masterclass for 100 female entrepreneurs, focusing on scalable business models, financial literacy, and practical execution plans to elevate their enterprises.
The African Refiners & Distributors Association (ARDA) warns that Africa's industrialization ambitions hinge on resilient energy supply chains, calling for urgent investments in refining, storage, and distribution infrastructure to address vulnerabilities
The Lagos State House of Assembly's proposal to relocate Makoko, Oko-Agbon, and Sogunro residents to Agbowa and Epe raises critical questions about equity, inclusion, and sustainable development. Critics argue it risks deepening poverty and insecurity, ad
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The Nigerian Shippers' Council has approved a tariff adjustment of 10-20% for terminal operators and shipping companies, citing legal mandates and economic considerations to balance operational costs with national trade competitiveness.
Residents and motorists in Ogun State express frustration over the slow pace and substandard construction of the Ota-Idiroko highway, citing inadequate manpower and poor drainage. Federal officials assure completion by 2028.
As yields remain elevated in Nigeria's fixed-income market, investors are increasingly turning to Federal Government bonds to lock in attractive returns ahead of potential interest rate shifts, with coupon rates reaching up to 19%.
NAHCO Plc declares a N12.18 billion cash dividend and 278.44 million bonus shares for 2025, with revenue and profits showing significant growth compared to 2024.
Nigeria's crude oil production increased to 1.38 million barrels per day in March 2026, marking a 5.25% rise from February but still below OPEC's quota of 1.5 million bpd.
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The Lagos State Internal Revenue Service has extended the tax filing deadline to April 21, 2026, due to high traffic on its eTax platform, urging residents to comply electronically.
Mikano International Limited has strongly refuted false reports linking its Chairman, Mofid Karameh, to criminal activities, calling them defamatory and baseless.
The Nigerian Electricity Regulatory Commission has issued the Mini-Grid Regulations 2026 to accelerate electrification in underserved areas, enhance investor confidence, and regulate decentralized power systems up to 10MW.
Nigeria has signed a $1 billion MoU with India's Rashmi Metaliks Group to enhance steel production, aiming to reduce imports and create jobs under Tinubu's reforms.
The Funke Fadeni Foundation has provided rice and financial aid to over 4,000 underprivileged women in Ondo City, marking the 10th anniversary of its founder's mother. The initiative aims to support widows and single mothers.
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Nigeria's monthly revenue has surged from N711 billion to over N3.6 trillion, a 411% growth, due to President Tinubu's economic reforms, according to the NRS chairman. The reforms include subsidy removal and forex unification.
The Federal Government justifies Nigeria's current petrol price, stating it is approximately 50% lower than the global average due to economic reforms and local refining efforts under President Tinubu's administration.
Official data reveals Nigeria's petrol imports skyrocketed by 96.7% from February to March 2026, even as domestic production increased. Stock sufficiency dropped significantly while consumption declined due to rising fuel prices.
Nigeria has secured the 8th position among African countries with the lowest petrol prices in April 2026, according to Global Petrol Prices data. Despite this ranking, domestic fuel costs have risen significantly, with prices exceeding N1,200 per litre.
A dispute between air traffic controllers and engineers in Nigeria highlights conflicting views on aviation safety, with controllers warning of outdated systems and engineers citing recent upgrades.
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A Nigerian tricycle operator reveals how converting to an electric vehicle increased his daily profit, eliminated fuel queues, and helped him support his family amid rising petrol prices.
