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Nigeria’s Central Bank to Automate FX Trades from December

The Central Bank of Nigeria is set to automate foreign exchange trades by December 2024. This move could enhance transparency, stabilize the naira, and boost investor confidence in Nigeria’s economy.

Nigerian Student Breaks Record for Longest Catwalk

Ololade Ayelabola sets a new world record for the longest catwalk, covering 130.62km to elevate Nigeria's fashion industry on the global stage.

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UBETAS’ $550M Project to Boost Nigeria’s Domestic Gas Supply

UBETAS Limited has unveiled a $550 million project to expand Nigeria's domestic gas supply, aiming to boost local production and distribution, enhance energy security, and support economic growth.

Rivers Caretaker Chairmen Take Oaths, Face Locked Council Offices

Newly appointed caretaker committee chairmen in Rivers State, Nigeria, face a unique challenge: locked council offices guarded by police. Despite this hurdle, the chairmen have begun working from temporary locations and outlined development plans. The situation creates uncertainty regarding access to resources and potential disruption to local services.

UNODC Warns of 40% Increase in Africa’s Drug Use by 2030

UNODC projects a 40% rise in Africa's drug use by 2030, urging intensified prevention and asset seizure efforts.

FG Seeks Additional $4.4 Billion Loan as Debt Hits N101 Trillion

Nigeria anticipates fresh loans totaling $4.4 billion to fund development in energy, education, and economic reforms amidst rising national debt.

Foreign Investors Boost Nigerian Stock Exchange with 437% Trade Surge

The Nigerian Stock Exchange sees a 437% surge in foreign investor trades, driven by improved market conditions and favorable government policies, signaling renewed economic confidence.

Nnamdi Kanu Seeks Negotiation to Resolve Charges, Court Adjourns Trial

In a surprising turn of events, Nnamdi Kanu, the leader of the Indigenous People of Biafra (IPOB), expressed his willingness to negotiate with the Nigerian government to resolve the charges against him.

Nigeria to Lose 300 Millionaires in 2024 Due to Economic Woes

Nigeria faces the loss of 300 millionaires in 2024 due to worsening economic conditions and insecurity, reports Henley Private Wealth.

More Naira, Less Value: Inflation Erodes ₦7.6 Trillion in Consumer Spending

Inflation in Nigeria has wiped out ₦7.6 trillion in consumer spending, highlighting severe economic challenges and declining purchasing power for households

NAFDAC Warns: Limit Refrigeration of Cooked Foods to Three Days

NAFDAC emphasizes the risks of storing cooked food in refrigerators beyond three days, highlighting the potential for serious health issues.

MKO Abiola’s Legacy in Turmoil: Family Feuds Over Empire

The Abiola family feud over MKO's legacy reveals deep divisions and challenges in preserving the democratic values of the Nigerian hero.

Nigeria Spends N214.29 Billion on Revenue Collection in Q1 2024

Nigeria spent N214.29 billion on revenue collection in Q1 2024, with FIRS, NCS, and NUPRC reporting major increases in collection costs.

High Food Prices Strain Nigerians’ Incomes

High food prices in Nigeria are placing significant strain on household incomes, exacerbating economic challenges across the country.

Latest articles

Nigeria’s Central Bank to Automate FX Trades from December

The Central Bank of Nigeria is set to automate foreign exchange trades by December 2024. This move could enhance transparency, stabilize the naira, and boost investor confidence in Nigeria’s economy.

Nigerian Student Breaks Record for Longest Catwalk

Ololade Ayelabola sets a new world record for the longest catwalk, covering 130.62km to elevate Nigeria's fashion industry on the global stage.

Nigeria Pledges 25% Cut in Post-Harvest Losses for Food Security

Nigeria commits to reducing post-harvest losses by 25%, boosting food security and jobs through the Special Agro-Industrial Processing Zones initiative.

Dangote Refinery Set to Take 400,000 Barrels of Nigerian Crude Per Day

Dangote Refinery is set to process 400,000 barrels of Nigerian crude oil per day, marking a significant step toward reducing the country’s dependence on imported refined fuel and improving energy security.