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Insecurity and Power Shortages Continue to Challenge Nigerian Businesses — CBN

KEY POINTS Insecurity and erratic power supply remain the top operational constraints for Nigerian businesses, followed by taxes, high interest rates, and financial challenges. Business confidence is improving, with optimism in industry, agriculture, and services sectors, and expectations of higher employment and expansion in...

Nigeria Seeks $150 Billion to Boost Vaccine Procurement for 2026

KEY POINTS Nigeria plans to raise nearly $150 billion for vaccine procurement in 2025 and 2026 to strengthen its health sector and reduce dependence on foreign aid. Federal health spending has risen sharply, with allocations now at 5.2 per cent of the national budget...

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MTN, Airtel Slash FX Debt by $867 Million

MTN Nigeria and Airtel Africa reduce FX debt by $867 million, enhancing financial stability and positioning for growth amid economic challenges

Police Arrest 31 Over Russian Flag Protests

Nigerian police arrested 31 individuals for distributing Russian flags during protests, calling the act treason. Authorities emphasize distinction between rioters and peaceful protesters.

US Crude Supplies 30% of Dangote Refinery Feedstock

Dangote Refinery sources 30% of its crude from the US, emphasizing global energy market connections.

Nigerian Families Struggle as Food Prices Soar Amid Inflation

Nigerian families face severe hardship as food prices soar due to inflation. The government seeks solutions to tackle the rising costs.

Mixed Reactions Follow President Tinubu’s Protest Broadcast

Reactions are mixed to President Tinubu’s address to protesters in Nigeria.

Students Voice Concerns Over Proposed Student Loan Scheme

Students voice concerns over the new student loan scheme, focusing on repayment terms and application processes, and call for greater transparency and efficiency.

APGA Chairman Urges Extension for Imo LGA Election

APGA Chairman Edozie Njoku appeals to ISIEC for more time to finalize candidate submissions for the upcoming Imo local government elections.

Amnesty International Demands Release of 50 Protesters Arrested in Abuja

Amnesty International Nigeria demands the release of 50 protesters arrested in Abuja, condemning the violent crackdown on peaceful demonstrations.

Nigeria’s Revenue Soars to N9.1 Trillion in First Half of 2024

Nigeria’s revenue hit N9.1 trillion in the first half of 2024, reflecting the government's strategic economic policies and improved tax collection.

Protest Fire Fizzles on Day 2 Across Nigeria

Day two of Nigeria's nationwide protest sees smaller crowds and a return to normalcy in the southern states.

Peter Obi Demands Action on Genocidal Threats in Lagos

Peter Obi calls for immediate investigation and action against genocidal threats targeting Igbos in Lagos, emphasizing the need for unity and strong leadership to counter divisive rhetoric.

Nigerian Equities Market Suffers Major Loss Amid Protest Week

The Nigerian equities market suffered its highest daily loss amid a week of nationwide protests, highlighting investor concerns over the country's socio-political and economic stability.

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Insecurity and Power Shortages Continue to Challenge Nigerian Businesses — CBN

KEY POINTS Insecurity and erratic power supply remain the top operational constraints for Nigerian...

Nigeria Seeks $150 Billion to Boost Vaccine Procurement for 2026

KEY POINTS Nigeria plans to raise nearly $150 billion for vaccine procurement in 2025...

AAC Condemns FCT Minister Over Mobile Phone Ban for Workers

KEY POINTS The AAC FCT Chapter condemned Wike’s directive banning mobile phone use by...

Namu Community Gets Power After 20 Years

The Namu solar project ends over 20 years of darkness, bringing electricity and new economic opportunities to rural Plateau State