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Nigeria’s Debt Service Payment Rises 49 Percent in 4 months

During the first four months of 2025, spending to service debt in Nigeria increased to \$2.01 billion, up 49.2% year-over-year and worsening fiscal sustainability.
Business

Naira to the World: Rural Nigerian Women Drive Economic Change Through Digital Wallets

KEY POINTS Rural Nigerian women are leveraging digital wallets to send and receive money,...
Business

CAC and NIBSS Have Introduced an API Service

With the API platform designed and introduced by CAC and NIBSS, everyone can quickly and safely obtain verified business information, supporting efficient business growth and boosting our country’s digital economy.
Business

Beyond Tech Hype: Seven Nigerian Startups Tackling Overlooked Challenges in 2025

KEY POINTS From waste management (EcoCycle) to mental health (SafeSpace), startups are solving critical...
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Nigeria’s Inflation Rate Declines to 23.71% in April

KEY POINTS Nigeria's annual inflation rate decreased to 23.71% in April 2025 from 24.23%...
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Five Underlying Forces Fueling Nigeria’s Persistent Inflation Crisis

KEY POINTS Reliance on fuel imports, forex illiquidity, and regulatory bottlenecks add hidden costs...
Business

NPA Refutes Multi-Billion Naira Fraud Allegations

NPA denied claims of multi billion naira fraud, claiming the agency operates in complete compliance with procurement laws and is subject to all time check.
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NNPC and Dangote Collaboration to Boost Nigeria’s Oil Sector

Following a months-long standoff, NNPC and Dangote refinery have finally agreed to work together to achieve Nigeria’s energy security and economic development.
Business

Nigerian Senate Passes Historic Tax Reform Bills to Overhaul Revenue Collection System

KEY POINTS The Senate passed bills to replace FIRS with a unified Nigeria Revenue...
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Aliko Dangote’s Refinery: I’m Still Fighting Cabals

The $20 billion refinery owned by Aliko Dangote faces ongoing sabotage attempts due to opposition from established oil import cartels and select international oil companies who want to stop Nigerian domestic refining efforts.
Business

Nigeria, Brazil Deepen Economic Ties with Focus on Energy, Aviation

KEY POINTS Nigeria and Brazil are advancing partnerships in energy, aviation, and agriculture, with...
Business

Court Rules Out Naira Redesign Suit Against Buhari, Emefiele

A ₦1bn suit against Buhari and Emefiele over the naira redesign policy has been struck out after the plaintiff failed to appear in court.
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