Nigerians are feeling the pinch of rising prices, and the Central Bank is taking decisive action. Governor Dr. Olayemi Cardoso reaffirmed the Monetary Policy Committee's (MPC) commitment to keeping interest rates high to combat inflation. This comes after two significant interest rate hikes in 2024, pushing the benchmark lending rate to a record 24.75%.

Recent incidents highlight how Nigeria's immunity clause might be shielding officials from accountability rather than just distractions.

Telecommunication companies face a mounting financial squeeze, casting a shadow over the reliability of...

The IMF warns Nigeria against unsustainable fuel and electricity subsidies, highlighting the need for fiscal discipline to tackle the nation's economic challenges.

Nigeria's oil production is poised for a significant boost with the commencement of operations at Oil Mining Lease (OML) 13 in Akwa Ibom State. The project, a collaboration between the state-owned Nigerian National Petroleum Company (NNPC) and its partners, marks a promising development for the country's energy sector.

President Tinubu inaugurates Nigeria's largest lithium processing plant in Nasarawa, signaling a major leap in renewable energy investments and sustainable mining practices.

The Rivers State High Court has issued a directive for the suspension of Martin...

The National Identity Management Commission (NIMC) in Nigeria is making significant strides in its National Identity Number (NIN) enrollment drive. As of May 2024, over 107.3 million Nigerians have been captured in the national identity database. The NIMC is also working to expand capacity to enroll 250 million Nigerians and introducing a new multifunctional National ID Card that offers a variety of functionalities beyond just identification, including financial transactions, access to government services, and travel identification. 

Amidst the backdrop of foreign exchange challenges, telecom giants MTN and Airtel have reported...

Olatunji resigns as editor following a controversial retraction and public apology to Gbajabiamila, sparking debates on media freedom and ethics.

Due to escalating security threats, Kaduna State merges 359 schools into safer locations, safeguarding students and educational facilities.

The Nigerian Extractive Industries Transparency Initiative (NEITI) is embarking on a nationwide audit of the oil, gas and mining industries to strengthen domestic resource mobilization efforts for the Nigerian government.