Woman's Brutal Daily Commute from Ibadan to Lagos Exposed
A Nigerian woman's video detailing her 5-hour daily journey from Ibadan to Lagos for work has gone viral, sparking widespread reactions and highlighting commuting struggles.
Category : Economy
Man Rolls on Ground at Gas Station Over $4 Gas Price
A man in the United States went viral on TikTok after dramatically rolling on the ground at a fuel station upon discovering gas prices had doubled from $2 to $4 per gallon in just two weeks.
CBN: Fuel Subsidy, Forex Distortions Hurt Nigeria's Economy
The Central Bank of Nigeria disclosed that fuel subsidies and forex distortions cost Nigeria 6% of GDP, with reserves dropping to $800 million before recent reforms reversed the trend.
Nigeria's Reserves Hit $50B, Highest in 13 Years
The Central Bank of Nigeria announces external reserves have exceeded $50 billion for the first time in over 13 years, attributing growth to economic reforms and naira stability.
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Naira Gains 0.34% vs Dollar, Strengthens in Official Market
The Nigerian naira appreciated by 0.34% against the US dollar in the official market, closing at N1,371.51/$1, while also gaining ground against the pound sterling and euro. Analysts attribute the recovery to increased foreign inflows and CBN intervention
Man Cries Out Over N1,400 Fuel Price, Triggers Reactions
A Nigerian man expressed shock after seeing fuel priced at N1,400 per litre at a filling station, sharing a photo that went viral and drew widespread reactions online.
Lagos Tax Deadline: File by March 31 or Face N100,000 Fine
The Lagos State Government urges residents to file personal income tax returns by March 31, 2026, to avoid penalties up to N100,000. Filing is mandatory for all income earners, even if no tax is owed, with a fully digitised process available.
US Lifts Sanctions on Russian Oil Amid Global Energy Crisis
The Trump administration issues a temporary license allowing countries to purchase Russian oil stranded at sea, aiming to stabilize global supply after Iran's closure of the Strait of Hormuz disrupts energy markets.
Man's Viral Video Shows Fuel Price Hits N1,400 Per Liter
A young Nigerian man's video revealing fuel sold at N1,400 per liter at a Lagos filling station sparks widespread reactions online amid global oil market tensions.
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Poverty Rate Hits 63% After Fuel Subsidy Removal in Nigeria
A new study shows Nigeria's poverty rate surged to 63% following petrol subsidy removal, with low-income households hardest hit. Experts call for stronger social safety nets.
Trump Downplays Oil Price Rise, Cites US Financial Benefit
Former US President Donald Trump minimized concerns about increasing oil prices, stating the United States profits significantly when energy costs rise. He emphasized preventing Iran from obtaining nuclear weapons as his primary focus.
China Cuts Oil Exports Over Middle East Crisis
China has tightened export restrictions on refined oil products to shield its economy from Middle East instability, causing global market volatility and raising energy security concerns.
Naira Gains N25 vs Dollar as CBN Resumes FX Sales
The Nigerian naira appreciated significantly against the US dollar in the official market, closing at N1,376.19/$, following the Central Bank's resumption of dollar sales. The parallel market remained stable at N1,440/$.
CBN Injects $200 Million as Naira Rebounds in Official Market
The Central Bank of Nigeria injected $200 million into the forex market to stabilize the naira, leading to consecutive gains and improved market sentiment amid high dollar demand.
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UK Jobseekers Guide: Benefits and Financial Support in 2026
As UK unemployment is projected to peak at 5.3% in 2026, this guide outlines essential financial support available to jobseekers including Jobseeker's Allowance and Universal Credit.
Nigeria Monitoring Middle East Tensions to Protect Economy
The Federal Government is tracking escalating Middle East conflicts involving the US, Israel, and Iran to protect Nigeria's economic stability, citing risks to oil prices and capital flows.
Tinubu: Economy Improving, States Not Borrowing for Salaries
President Bola Tinubu asserts Nigeria's economy is recovering from early challenges, with state governors no longer needing bank loans to pay workers' salaries, citing reforms and improved financial stability.
Nigeria's Non-Oil Exports Hit N12.36 Trillion in 2025
Nigeria's non-oil exports soared to N12.36 trillion in 2025, up from N9.09 trillion in 2024, driven by growth in agriculture, manufacturing, and solid minerals, according to the National Bureau of Statistics.
Tax Reform: Key to Nigeria's Economic Growth and Diversification
A Nigerian tax expert highlights how comprehensive tax reforms can reduce oil dependence, attract investment, and foster inclusive growth through fair and transparent systems.
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Fuel Scarcity Affects All, Woman Urges Focus on Governance
A Nigerian woman calls for public attention on national issues like fuel scarcity, highlighting its broad impact on transport, food prices, and services, urging citizens to speak up on policies.
Iran War Shocks Global Economy, Threatens Food Security
The ongoing US-Israel conflict with Iran is causing severe economic disruption worldwide, driving up energy prices and threatening food shortages in vulnerable nations. The closure of the Strait of Hormuz exacerbates the crisis, with countries like India
Tinubu: Economy Improving, Governors Not Borrowing for Salaries
President Bola Tinubu asserts Nigeria's economy has turned a corner, with state governors no longer needing bank loans to pay salaries. He made the remarks at an interfaith breaking of fast event in Abuja.
Naira Hits 5-Month Low as Dollar Strengthens
Nigeria's naira weakens to N1,405.62 per dollar at official market despite increased FX inflows and rising external reserves. Parallel market gap narrows to N15, signaling potential convergence.
Naira Hits 5-Month Low as CBN Releases New Exchange Rate
Nigeria's currency weakened to N1,405.62 per dollar at the official market despite increased foreign exchange inflows and rising external reserves. The parallel market gap narrowed significantly, signaling potential convergence.
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Naira Depreciates Against Dollar, CBN Issues New Exchange Rates
The Nigerian naira has depreciated in the official market, hitting its lowest level in two months due to rising dollar demand from Middle East tensions. The Central Bank of Nigeria released new exchange rates as the currency weakened further.
Lagos Man Shares Train Commute Cost, Sparks Reactions
A Lagos resident has detailed his monthly expenses for using the state's train service, prompting widespread discussion online about transportation affordability and urban living costs.
Africa's Billionaires Add $20bn, Dangote Leads Forbes List
Forbes reports Africa's 23 billionaires increased combined wealth by $20bn to $126.7bn. Aliko Dangote retains top spot with $28.5bn fortune as Nigerian entrepreneurs show strong gains.
Abuja Women Turn Private Cars to Taxis for Income
Women in Nigeria's capital are transforming personal vehicles into informal 'kabu-kabu' taxis to combat rising living costs and fuel prices, creating affordable transport alternatives.
Lagos Commuter Spends ₦70,000 Monthly on Transport
A young Lagos resident has detailed his daily commute, showing the multiple buses he takes and revealing his transportation costs amount to nearly ₦70,000 per month, highlighting the financial burden of urban travel.
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Dangote Refinery Petrol Price Hits N1,175, Sparks Inflation Worries
Dangote Petroleum Refinery has increased Premium Motor Spirit price to N1,175 per litre, just days after a previous hike, with Automotive Gas Oil also rising to N1,620, likely driving nationwide fuel cost increases and higher living expenses.
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