Nigeria's Population Boom: Challenges and Youth Unemployment
Nigeria's population exceeds 240 million, ranking sixth globally, but faces high unemployment and low contraceptive use, especially in the north where women average six children.
Category : Economy
Nigeria Aims for $1 Trillion Economy with IsDB Support
The Federal Government intensifies collaboration with the Islamic Development Bank to boost infrastructure, energy, and trade reforms, aiming for a $1 trillion economy by 2030 through strategic investments and innovative financing.
Nigeria Aims for $1 Trillion Economy with IsDB Collaboration
The Federal Government intensifies efforts to achieve a $1 trillion economy by 2030 through a strategic partnership with the Islamic Development Bank, focusing on energy, trade reforms, and infrastructure investments.
Nigerians Turn to Multi-Asset Platforms for Wealth Protection
Amid global turmoil and naira volatility, Nigerians are increasingly using multi-asset platforms like forex and gold trading to hedge risks and preserve wealth, driven by economic anxiety and mobile accessibility.
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Jonathan: Vested Interests Stalled NNSL Collapse Probe
Former President Goodluck Jonathan has revealed that vested interests stalled investigations into the collapse of the Nigerian National Shipping Line, warning that Nigeria risks repeating past mistakes without proper scrutiny.
Top 10 Nigerian States With Highest FAAC Allocation in 2026
Nigeria's FAAC disbursed N703.26 billion to states in January 2026, with Lagos receiving the highest allocation. The top 10 states accounted for 44.76% of total funds, highlighting significant concentration.
Best Ways to Send Money to Africa from US in 2026
Discover the leading remittance platforms like Zobo, Sendwave, and LemFi for seamless money transfers from the US to Africa, focusing on zero fees and competitive rates.
Enviable Transport Expands CNG Tricycle Initiative Nationwide
Enviable Transport announces a nationwide expansion of its CNG-powered tricycle initiative, promising reduced fuel costs, lower emissions, and improved efficiency for drivers and fleet operators across Nigeria.
Nigeria Loses N28 Trillion in Oil Revenue Despite Boom
An economic expert reveals Nigeria missed N28.3 trillion in annual revenue due to low oil production during the Iran war price surge, highlighting systemic failures in the sector.
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Nigeria's FDI Drops to $2.15bn Amid $44.76bn Inflow
Nigeria attracted only $2.15 billion in foreign direct investment out of $44.76 billion total capital importation from 2022 to 2025, with portfolio investments dominating at $31.7 billion, raising concerns over economic volatility and reliance on hot mone
Naira Dips to N1,380.58/$ as Global Tensions Persist
The Nigerian naira depreciated to N1,380.58 per dollar at the official market, with a 1.93% weekly decline, driven by sustained foreign exchange demand outpacing supply. This occurred despite rising oil prices above $98 per barrel and elevated system liqu
Tinubu's Reforms Reset Nigeria's Economic Future
President Bola Tinubu's ambitious structural reforms, including fuel subsidy removal and foreign exchange unification, are transforming Nigeria's economic foundations to foster sustainable growth and global competitiveness.
Open Letter to Tinubu: Urgent Call for Economic Relief
A concerned citizen writes to President Bola Tinubu, highlighting severe economic strain from fuel subsidy removal and naira devaluation, urging immediate, people-centered action to ease hardships.
Nigeria Must Boost Oil Production Amid Middle East War: Analyst
A political commentator calls for Nigeria to enhance oil production and local refining capacity as the US-Israel-Iran conflict disrupts global markets, driving up fuel prices and living costs in Nigeria.
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Cheap Petrol in Nigeria Is a Myth, Says Ex-AfDB Adviser
Former African Development Bank adviser Banji Oyelaran-Oyeyinka exposes why comparing Nigeria's petrol prices internationally is misleading, highlighting structural economic weaknesses and low wages.
Nigeria Moves to Structured Fiscal Framework for Growth
Nigeria is implementing a structured, transparent fiscal framework to boost economic stability and investor confidence, as announced by Finance Adviser Nana Ibrahim at a global markets event.
Naira Trades at N1,380/$ as Nigeria's Reserves Drop
Nigeria's naira depreciates to N1,380.58 per dollar, with external reserves falling to $49.48 billion. The Central Bank introduces new measures to boost FX liquidity and transparency.
FG Opens YEIDEP Portal for N500,000 Youth Grant: Details
The Nigerian government has launched Batch B of the Youth Economic Intervention and Deradicalisation Programme, offering grants up to N500,000 to empower youths through entrepreneurship and economic inclusion.
Afreximbank Calls for Investment in African Processing Amid Global Tensions
Afreximbank advocates for African leaders to prioritize investments in processing and regional value chains at its 33rd Annual Meetings in Egypt, aiming to reduce commodity dependence and boost economic sovereignty.
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Umahi Links Bodo-Bonny Road Phase 2 to Tinubu's Re-election
Minister of Works David Umahi states that supporting President Tinubu's second term bid is essential for completing the Bodo-Bonny road project's second phase, emphasizing its economic and security benefits.
Man Laments Fuel Price, Questions Public Silence on Economy
A Nigerian man expressed shock after paying N1,400 per litre for petrol, questioning why citizens accept rising costs without protest amid broader economic issues like food prices and insecurity.
Omokri: Nigeria's Debt Hit $113 Billion Before Tinubu
Former presidential aide Reno Omokri disputes a fact-check, asserting Nigeria's public debt reached $113 billion before President Tinubu's inauguration, citing data from the Debt Management Office and Dubawa.
Nigerian in Canada Compares Fuel Prices and Income Levels
A Nigerian man in Canada compares petrol prices between the two countries, noting similar costs but vastly different income levels that affect affordability for professionals.
Omokri: Nigeria's Debt Was $113bn Before Tinubu Took Office
Reno Omokri challenges Daily Trust's fact-check, arguing Nigeria's total public debt reached $113 billion before President Tinubu assumed office, citing additional loans and Ways and Means obligations.
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Trump's Signature to Appear on US Currency as Sitting President
The US Treasury Department announced historic plans to feature President Donald Trump's signature on all new paper currency, marking the first time a sitting president's name will appear on US bills. Treasury Secretary Scott Bessent said the move honors A
Trump's Signature on US Dollar Bills for 250th Anniversary
The US Treasury announces President Donald Trump's signature will appear on dollar bills as part of America's 250th anniversary celebrations in 2026, marking a historic first for a sitting president.
94% of Nigerians Financially Insecure, Report Says
A new report reveals 94% of Nigerians are financially insecure, with PiggyVest executives calling for government intervention to address systemic issues beyond private sector solutions.
Middle East War Raises Nigerian Transport Fares, Burdening Commuters
The ongoing Middle East war has triggered a sharp rise in fuel prices in Nigeria, leading to increased transport fares. Commuters and drivers struggle as experts call for targeted government interventions to ease the economic burden.
N1,400 Fuel Price Hike Sparks Silence Debate in Nigeria
Nigerians question the quiet response to petrol prices hitting N1,400 per litre, contrasting past protests and highlighting economic impacts on transport and daily costs.
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Nigeria's Commodity Exchanges: The Missing Link
Despite decades of talk about diversifying Nigeria's economy beyond oil, commodity exchanges remain underutilized due to weak policy support, limiting transparent price discovery and agricultural market efficiency.
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