NPA Pensioners Protest Unpaid Benefits in Lagos
Retired NPA workers protested in Lagos, demanding pension increments and improved welfare amid economic hardship, with some receiving as low as N30,000 monthly.
Category : Economy
Naira Opens Week Weak Against US Dollar Across FX Markets
The Nigerian currency opened the trading week with marginal losses against the US dollar at the NAFEX window, trading at N1,371.04/$1, while it depreciated further on the GTBank FX desk.
Dollar Hits Four-Week High, Naira Weakens Across Markets
The US dollar surged to a four-week high as Middle East tensions escalated, while the Nigerian naira depreciated across official and parallel markets amid global dollar strength.
LCCI Decries Inflation Impact on Manufacturers, MSMEs
LCCI expresses dismay as Nigeria's inflation rises to 15.69%, hurting manufacturers and MSMEs. BPP unveils new guidelines to curb contract cost inflation.
Naira Weakens Marginally to N1,371/$
The naira depreciated slightly against the dollar, closing at N1,371.04/$ in the official market, amid high import costs and limited FX access.
Global Leaders at WUF13 in Baku Tackle Housing Crisis
World leaders gather in Baku for WUF13 to discuss housing shortages, climate resilience, and inclusive urban planning amid rapid urbanization and global crises.
Fresh Inflation Fears May Alter CBN Policy Plan, Economists Warn
Economists express concern over rising inflation, which may prompt the CBN to reconsider its cautious rate cut programme. April inflation hit 15.69%, driven by food and energy costs.
BOI Chief: Profit Alone Cannot Define Success Without Impact
Bank of Industry MD Olasupo Olusi says loan disbursements and profitability are insufficient without measurable development impact, unveils new strategy focused on youth, climate, and MSMEs.
S&P Upgrade: Impact on Nigeria's Economy Explained
S&P upgrades Nigeria's credit rating to 'B' after 14 years. Analysts weigh benefits and limitations for citizens amid inflation and reform challenges.
Downstream Sector Faces Stress Test Over Energy Security
Legal battles and regulatory clashes threaten Nigeria's fuel supply, as Dangote Refinery sues NMDPRA over import licenses, sparking concerns over energy security and investor confidence.
10 Most Affordable States in Nigeria 2026
Discover the top 10 most affordable states to live in Nigeria in 2026 as food prices rise, with insights on cost of living, security, and job access.
Nigeria Inflation Hits 15.69% in April 2026: 10 Key Numbers
Nigeria's inflation rate rose to 15.69% in April 2026, driven by food and transport costs. Key takeaways include food inflation at 16.06% and core inflation at 15.86%.
Tinubu Reforms Need More Time, Women Group Says
Business Women of Influence for Renewed Hope Agenda says Tinubu's reforms require more time to yield benefits, urging patience and continuity.
Brewers Raise Concerns as Customs Pushes Tax Stamp Reform
Nigeria Customs discusses tax stamp policy with brewers, who fear added costs. Consultations ongoing, no final decision reached.
NISO Unveils New Directives to Enhance Grid Stability
NISO introduces new directives targeting Discos, GenCos, and large customers to combat energy theft and improve electricity supply stability in Nigeria.
Nigeria's Inflation Hits 15.69% in April 2026
Nigeria's headline inflation rose to 15.69% in April 2026, up from 15.38% in March, driven by Middle East crisis and high fuel prices, according to NBS.
S&P Upgrades Nigeria's Credit Rating to 'B'
S&P Global Ratings upgrades Nigeria's sovereign credit rating from 'B-' to 'B' with stable outlook, citing improved external position, fiscal reforms, and growing investor confidence.
Shettima, Sanwo-Olu, UNDP Tackle Unemployment in Nigeria
Vice President Shettima, Lagos Gov Sanwo-Olu, and UNDP addressed rising unemployment at the Nigeria Jubilee Fellows Programme 2.0 Employers' Forum in Lagos.
Tinubu’s economic voyage and Oyedele’s Midas touch
President Tinubu’s economic reforms and Finance Minister Taiwo Oyedele’s Midas touch are stabilizing Nigeria’s economy, attracting global investment, and restoring contractor confidence.
Nigeria Inflation Hits 15.69% in April 2026
Nigeria's headline inflation rose to 15.69% in April 2026, up from 15.38% in March, but lower than 26.82% a year ago. Month-on-month inflation slowed to 2.13%.
Inflation Hits 15.69% in April 2026: NBS
The National Bureau of Statistics reports Nigeria's headline inflation rose to 15.69% in April 2026, with food inflation at 16.06% year-on-year.
Dangote Shuts Two Firms Over FX Challenges
Billionaire Aliko Dangote reveals he closed his flour and textile businesses due to foreign exchange instability, as the group shifts to dollar-based revenue.
Nigeria Finance Leaders Misunderstand Value Creation
At the NOLT Summit, finance leaders debated how to create lasting value in Nigeria's volatile economy, with experts arguing that volatility is not the enemy but outdated assumptions are.
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Tinubu Says Lagos Is Africa's Fifth Largest Economy
President Tinubu praises his legacy in Lagos, stating the state is now Africa's fifth largest economy, and defends his tax reforms.
Aliko Dangote Explains Why He Turned Down Arsenal Purchase
Africa's richest man Aliko Dangote explains why he prioritized completing his refinery over buying Arsenal, now too expensive to acquire.
Naira Falls as CBN Releases New Exchange Rates
The Nigerian naira declined at the official forex market as reduced dollar turnover signals tight liquidity. Businesses face higher costs amid ongoing CBN reforms.
CBN Reforms Bolster Economic Resilience and Growth Prospects
Olayemi Cardoso-led CBN reforms have strengthened Nigeria's economy, attracting investors and improving stability. Exchange rate unification, forex liberalization, and banking sector upgrades drive growth.
Egypt, Afreximbank Lead Africa Economic Transformation at AAM2026
Egypt and Afreximbank announce preparations for the 33rd Afreximbank Annual Meetings (AAM2026) in Alamein, focusing on Africa's economic integration, trade, and investment.
Cubans resort to firewood as fuel crisis deepens
Cuba faces worsening blackouts after oil reserves run out, prompting rare protests and residents cooking with firewood amid severe fuel shortages.
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Nigerians Warn World Bank to Stop Lending to Tinubu
Nigerians flood World Bank Instagram, urging halt to loans for Tinubu amid $1.25bn request and rising debt concerns.
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