Despite the Federal Government’s promise of cheaper transport through the adoption of Compressed Natural Gas (CNG), transport fares across Nigeria remain high, leaving many Nigerians questioning the policy’s impact.
Nigeria's FX demand dropped 35.23% in April 2026 to $3.42 billion, while the naira appreciated 1.38% to N1,361.22 per dollar, according to CBN data, as net FX inflows hit $5.85 billion.
African firms risk losing up to N72 million per 100 agents due to high turnover, a new report warns, highlighting hidden costs and retention strategies.
Finding a self-contained apartment in Lagos for N150,000 to N250,000 yearly is increasingly difficult. Areas like Ikorodu, Agege, Badagry, and Alimosho offer potential options, but actual rents often exceed N250,000.
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Mauritius requires self-employed foreigners to earn at least MUR 3 million (about N86.7 million) over three consecutive years to qualify for permanent residency, setting a high financial bar for applicants.
The UAE Ministry of Human Resources and Emiratisation has set a minimum monthly salary of AED 4,000 for workers across all nine professional levels, based on the International Standard Classification of Occupations.
Guinness Nigeria has announced that its weak balance sheet is now a thing of the past, as it invests N20 billion in capacity expansion and new product launches to drive growth.
Nigeria’s goal of reaching a trillion-dollar economy by 2030 faces a critical human capital deficit, with poor education and healthcare outcomes threatening productivity and growth.
Mauritius has disclosed that foreigners must invest at least USD 375,000 (N505 million) in a qualifying business activity to obtain a 20-year residence permit, targeting high-net-worth individuals.
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Residents in Lagos and Ogun State are calling on regulators to act as cooking gas retail prices remain far above depot rates, with consumers paying up to N1,500 per kg despite Dangote Refinery cutting its gantry price to N950 per kg.
China has set a minimum annual salary of CNY 1,500,000 (about N300 million) for foreigners to qualify for permanent residence after four consecutive years of high earnings.
Finance Minister Taiwo Oyedele presented a Reform Scorecard covering 11 major economic changes from May 2023 to December 2025, including fuel subsidy removal, FX unification, and tax reforms.
Petrol prices at Nigerian depots rose on August 20, 2026, as international crude oil costs climbed above $90 per barrel, with Dangote Refinery adjusting its price to N1,168 per litre.
President Tinubu has directed eligible EFCC-recovered funds and unclaimed dividends to NELFUND, boosting the student loan programme. Over ₦242 billion in unclaimed dividends could support more students, but eligibility requirements remain.
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Nigerian high-growth companies face a financing gap as they transition from early-stage growth to scale, requiring innovative funding solutions and policy support to unlock their full potential.
Mauritius has disclosed that investors must achieve an aggregate turnover of MUR 45 million (over N1.29 billion) within three years to qualify for a 20-year permanent residence permit, targeting high-net-worth entrepreneurs.
In a world of constant noise, focus—not hustle—is the true engine of success. This article explores why strategic attention outperforms frantic activity in building lasting value.
Africa’s richest men, Aliko Dangote and Abdulsamad Rabiu, have seen their combined net worth surge by $9.5 billion year-to-date in 2026, driven by strong gains in cement, sugar, and oil refining.
Nigerians can access up to ₦50 million through the FG-backed National Housing Fund mortgage loan at 6% interest, with up to 30 years to repay. See who qualifies and how to apply.
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Nigerian filling stations cut petrol prices by N35 to N90 per litre in August 2026, following Dangote Refinery's gantry price reduction, offering motorists relief amid volatile depot rates and high international crude prices.
Egypt tops IMF debt rankings in Africa with $7.25 billion owed. Nigeria does not feature among the top 10 despite being a major economy. Côte d'Ivoire, Kenya, and Ghana follow closely.
The Federal Mortgage Bank of Nigeria has published 10 reasons why NHF mortgage loan applications face delays or outright rejection, including inadequate contributions and incomplete documentation.
Nigerian stocks fell for the seventh consecutive trading day, with the All-Share Index dropping 0.3% to 98,500 points, but analysts describe the pullback as a healthy correction.
Finance Minister Taiwo Oyedele says the Dangote Refinery would have been commercially unviable if petrol stayed at N200 per litre under the former subsidy regime, warning cheap fuel would have led to scarcity and black market prices.
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The Nigerian naira depreciated by N7.09 against the US dollar in the official market on Wednesday, closing at N1,350.41, according to Central Bank of Nigeria data.
Comercio Partners report reveals 10-year trends in Nigeria's money market, showing rising living costs and key interest rate shifts from 2016 to 2026.
Nigeria's energy inflation dropped to 4.37% in July 2026, the lowest rate in four months, according to the National Bureau of Statistics. This marks a significant decline from 6.18% in June, driven by lower petrol and electricity costs.
The Federal Government has urged banks and fintechs to bridge Nigeria’s $14.8 billion gender financing gap, citing women’s exclusion from credit as a major economic barrier.
Abia State Government says its tax reforms focus on transparency, automation, and accountability, not increasing taxes. Commissioner Okey Kanu disclosed interim support for returnees from South Africa.
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The Federal Government spent ₦30.64 trillion on incremental expenses from June 2023 to December 2025, with wage adjustments, external debt service, and strategic infrastructure accounting for the largest portions, Finance Minister Taiwo Oyedele has said.
