The Federal Government has partnered with CIS and NATOMORAS to introduce a structured leasing framework for motorcycle and tricycle operators, aiming to eliminate exploitative hire purchase arrangements and enhance financial inclusion.
A Lagos-based e-hailing driver shares a detailed cost breakdown showing how advertised earnings of N60,000-N100,000 daily often shrink to just N3,000-N5,000 profit after fuel, commissions, and personal expenses.
Iran faces severe economic hardship with inflation surging past 50%, sharp price increases for essentials, widespread job losses, and a collapsing currency following recent conflict and sanctions.
Venezuela's interim president Delcy Rodriguez announced a wage hike effective May 1st, addressing workers suffering from hyperinflation and economic collapse.
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Dangote Petroleum Refinery has reduced its ex-depot diesel price to N1,750 per litre, a N200 drop from N1,950. The adjustment follows the resumption of loading operations and comes amid global oil market volatility.
The Nigerian naira appreciated by N15 to close at N1,371.82 per dollar in the official market, even as foreign reserves fell by $1.08 billion amid global tensions. Analysts link the decline to reduced inflows, while the IMF urges stronger buffers.
The Nigeria Sovereign Investment Authority, under CEO Aminu Umar-Sadiq, advances climate resilience and inclusive growth through strategic investments, including GCF accreditation and renewable energy projects.
The World Bank's 2026 report highlights Nigeria's early childhood development crisis, linking poor health and education outcomes to long-term economic stagnation, despite moderate growth and fiscal reforms.
An in-depth analysis of the Nigeria-UK Ports MoU reveals that its success hinges on deployment effectiveness, transparency, and accountability. While UK funding offers speed, EU alternatives provide sustainable financing with local benefits. Strategic inv
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The Organised Private Sector of Nigeria has formally requested President Bola Tinubu's intervention to stop the Customs, Excise and Tariff Amendment Bill, citing concerns about policy coherence and economic sustainability.
The World Bank reveals imported petrol is 12% cheaper than Dangote's locally refined fuel, warning of inflation risks from global oil price hikes and domestic pricing distortions in Nigeria.
Central Bank of Nigeria data shows remittance outflows dropped by 36.09% in 2025 while inflows surged to approximately $600 million monthly, indicating improved forex position.
The Nigerian naira depreciated against the US dollar, British pound, and euro in both official and parallel markets following the Easter holiday break, with analysts citing limited forex liquidity.
The World Bank has urged Nigeria's Federal Government to avoid extravagant expenditure as the country benefits from higher oil prices due to Middle East conflict, emphasizing prudent fiscal management.
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A new World Bank report reveals severe gender disparity in Nigeria's workforce, with just 10.5% of women in paid employment compared to 17% of men, highlighting barriers to economic progress.
Nigeria's business confidence declined sharply in March 2026 due to rising input costs, weak investment, and structural challenges, with key sectors like agriculture and non-manufacturing contracting.
Afreximbank approves a $10 billion Gulf Crisis Response Programme to shield African and Caribbean economies from Middle East conflict disruptions, offering support for essential imports and infrastructure.
Finance Minister Wale Edun states Nigeria is positioned to benefit from rising oil prices amid Middle East tensions while managing economic risks. The World Bank projects growth but warns of inflation and poverty challenges.
The National Bureau of Statistics reveals a sharp 49.81% decline in Company Income Tax revenue for Q4 2025, with VAT also falling 3.78% quarter-on-quarter amid economic hardship.
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The Federal Government has granted demurrage waivers for over 10,000 containers stuck at Lagos ports due to regulatory bottlenecks. Officials from NRS, NCS, and PEBEC reviewed the National Single Window system to address operational challenges.
The landmark £746 million Nigeria-UK MoU aims to modernize key ports but faces hurdles like regional imbalances, tied financing favoring UK suppliers, and governance risks. Success requires inclusive investment across ports like Onne and Calabar to boost
A woman in Kano State showcased the variety of foodstuffs she purchased at the local market for only N11,000, highlighting affordable prices amid economic concerns.
The African Export-Import Bank has approved a $10 billion Gulf Crisis Response Programme to shield African and Caribbean economies from Middle East conflict shocks, focusing on imports, energy, and infrastructure.
A Nigerian woman's viral TikTok video exposes the Forex trading industry, claiming influencers profit from recruiting students rather than actual trading. She describes it as exploitative, sparking online debate.
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Lagos is now Africa's fourth most expensive city for renting a two-bedroom apartment, with annual costs soaring to N26.8 million. The income-to-rent ratio has surged to 70%, far exceeding UN affordability standards, driven by high demand and limited suppl
The Nigerian Economic Summit Group reports business activities slowed in March 2026 due to limited finance access and frequent power outages, with key sectors contracting.
Billionaire Femi Otedola disclosed discussions with President Bola Tinubu and Aliko Dangote on Nigeria's economic reforms, expressing optimism about positive outcomes and commending Tinubu's dedication.
A Nigerian man's viral post shows yam tubers cut and sold in pieces at Ile Epo Market in Lagos for N500 each, sparking widespread reactions about the country's economic struggles.
A new World Bank gender data report reveals that less than 11% of employed Nigerian women hold wage and salaried jobs, highlighting a significant gender gap in formal employment access compared to men and global averages.
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The cost of a 50kg bag of cement in Nigeria has skyrocketed to between N10,500 and N15,000, exacerbating the nation's housing affordability crisis and pushing homeownership beyond reach for millions of citizens.
