Man Buys 6kVA Solar Inverter After 1-Minute Daily Power, Shares Cost
A young Nigerian man bought a 6kVA solar inverter and 16kWh battery after experiencing just one minute of electricity per day. He shared the total cost online.
Category : Economy
Lagos Positions for Resilient Growth at World Ahead 2026
Governor Sanwo-Olu outlines Lagos' strategy for sustainable growth, innovation, and climate resilience at The World Ahead 2026 conference in Lagos.
Nigeria Targets $500B Milestone at Abuja Investment Summit
Nigeria aims for $500 billion in investment commitments at the World Investment Summit Abuja 2026, a key step toward its $1 trillion economy goal under the Renewed Hope Agenda.
Nigeria Advances ISSB Adoption to Boost Investor Confidence
Nigeria pushes ISSB adoption to close $31.5bn SDG gap. Workshop by IIF and CRA focuses on capacity building for sustainability reporting.
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NEPZA CEO Ogunyemi's Reforms Boost Nigeria's Economic Growth
Dr. Olufemi Ogunyemi, CEO of NEPZA, has led transformative reforms over two years, digitizing operations and expanding free trade zones to attract investments and create jobs, aligning with President Tinubu's economic agenda.
Naira Gains in Official and Black Markets as Dollar Supply Rises
The Nigerian naira appreciates to N1,348 per dollar in the official market and N1,395 in the parallel market, driven by improved dollar supply and Central Bank interventions, despite global oil price volatility from US-Iran tensions.
Afreximbank's Third AfCFTA Training Boosts African Trade
Afreximbank, in partnership with AUC and the AfCFTA Secretariat, launches its third training program in Cairo to equip African businesses with skills to maximize AfCFTA benefits, focusing on trade finance, supply chains, and market access.
Afreximbank, St Kitts and Nevis Sign ACTIF2026 Hosting Agreement
The African Export-Import Bank (Afreximbank) has signed a hosting agreement with the Government of St Kitts and Nevis for the fifth AfriCaribbean Trade and Investment Forum (ACTIF2026), set for July 2026 in Basseterre, aiming to deepen economic ties.
Nigeria Plans ₦700bn Bond Auction as Interest Rates Remain High
The Federal Government of Nigeria is set to raise ₦700 billion from the domestic bond market in April 2026, continuing a trend of reduced monthly borrowing. The auction involves three benchmark bonds with elevated coupon rates, reflecting ongoing high-yie
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FG to Raise ₦700bn in April Bond Offer as Borrowing Costs Stay High
The Federal Government plans to raise ₦700 billion from the domestic bond market in April 2026, continuing a gradual reduction in monthly borrowing amid elevated interest rates, with bonds targeting institutional investors.
Women Take Center Stage as UNIDO Launches Industry Day
Nigeria marks the inaugural International Day of Women in Industry, with UNIDO calling for action to dismantle barriers and integrate women into industrial development, innovation, and economic transformation.
ILO Urges Global Action to Protect Workers from Social Risks
The International Labour Organisation has released a major report calling for strengthened social protection systems to cover all workers, including temporary and self-employed, amid volatile economic transformations.
N3.2 Trillion T-Bills Rise as CP Market Falls 58% in March
Nigeria's money market saw a sharp divergence in March 2026, with treasury bills rising to N3.2 trillion while commercial paper issuance dropped 58% to N34 billion, reflecting a shift toward government-backed securities.
WATAF: Inefficient VAT Collection Slows West Africa's Development
The West African Tax Administration Forum attributes the region's slow development to inefficient VAT collection, urging rapid adoption of digital systems to boost revenue and economic progress.
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FAAC Shares N2.04 Trillion, Statutory Revenue Up N137.9 Billion
The Federation Account Allocation Committee disbursed N2.04 trillion in March 2026, with statutory revenue rising to N1.7 trillion, a N137.9 billion increase from February.
What $100 Can Buy in Nigeria: 2026 Breakdown
Discover how far $100 goes in Nigeria in 2026, covering exchange rates, purchasing power across cities, and practical strategies to maximize your money in today's economy.
Smart Asset Allocation Safeguards Your Wealth
Learn how strategic asset allocation can protect your investments from inflation, currency volatility, and liquidity risks in Nigeria's dynamic economy, with insights from financial experts.
5 Smart Saving Strategies for Nigerians Without Steady Income
Discover practical financial tips for Nigerians with irregular income to manage money, cut expenses, and build savings despite rising living costs and economic challenges.
Condom Prices May Rise 30% Due to Iran War Supply Disruption
Karex, the world's largest condom manufacturer, warns of potential 30% price increases as the Iran war disrupts oil and petrochemical shipments through the Strait of Hormuz, affecting production costs.
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Edun's Economic Scorecard: Mixed Results After Removal
Former Finance Minister Wale Edun's economic record reveals a mixed legacy, with inflation and GDP growth improving but debt and fuel prices surging during his tenure from 2023 to 2026.
Illicit Spirits Trade Costs Nigeria N428bn Yearly
The Spirits and Wines Association of Nigeria reveals illicit trade causes N428 billion in lost government revenue, undermines legitimate businesses, and poses public health risks.
Kenyan Youths Protest Fuel Price Surge and High Cost of Living
Youth-led demonstrations erupt across Kenya as record-high fuel prices drive up transport and food costs, with protesters blaming government policies and economic mismanagement for the crisis.
Nigeria car tariff cut to 40% but prices may not fall
Nigeria slashes car import tariffs to 40%, but experts say currency volatility and extra charges may keep prices high, frustrating consumers.
Wale Edun Speaks Out After Tinubu Sacks Him
Wale Edun reflects on his tenure as Finance Minister, calling it an honour. He highlights economic growth from 2% to 4% and inflation drop from 35% to 15%.
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Wale Edun's 7 Economic Policies and Their Impact on Nigerians
An analysis of Finance Minister Wale Edun's seven major economic policies, including naira float and subsidy removal, and their profound effects on Nigerian households and businesses during his tenure.
Poor Infrastructure Hinders Intra-African Trade and Integration
A new report reveals that dilapidated infrastructure is a major barrier to intra-African trade, with logistics costs far exceeding global benchmarks, hampering regional integration efforts.
Nigeria's Economic Vulnerability and the Need for Reform
This analysis critiques Nigeria's economic policies, highlighting failures in steel production, energy, and youth unemployment, urging strategic reforms to secure global influence amid geopolitical tensions.
Experts Urge Long-Term Wealth Plans for Economic Stability
Financial experts at The Global Wealth and Legacy Forum in Lagos emphasize the critical need for long-term wealth planning and global investment strategies to combat inflation and currency volatility, highlighting legacy planning and offshore solutions.
Africa's $1 Trillion Savings Dilemma: Bridging Investment Gap
African economies hold $1 trillion in domestic savings but lack pathways to productive investment. Development banks must align regulations, build platforms, and create analytical infrastructure to channel capital effectively.
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Infrastructure Gaps Hamper Intra-African Trade, Integration
A new report reveals that dilapidated infrastructure is a major barrier to intra-African trade, with logistics costs far exceeding global benchmarks, undermining regional integration efforts across the continent.
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