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 President Bola Tinubu emphasizes that the country will adhere to a minimum wage that aligns with its economic capabilities, stressing a balanced approach to wage adjustments amid economic challenges
A retired school principal was kidnapped from his home in Akwa Ibom, with his abductors demanding a N20 million ransom, leading to widespread concern and police action.
Nigeria reduces electricity subsidy from N3 trillion to N1 trillion by increasing tariffs, aiming to improve economic stability and energy affordability.
As Nigeria marks 25 years of democracy, the journey has been a mix of significant progress and persistent challenges, reflecting the dynamic nature of the country's democratic evolution.
Nigeria's government unveils a program to subsidize CNG vehicle conversions to tackle air pollution and promote cleaner energy in the transport sector. The initiative targets road transport unions and aims to convert one million vehicles by 2027.
Despite rising medical costs, Nigeria's government has not lifted the import levy on medical supplies, causing financial strain on healthcare providers and patients.
The University of Ilorin (Unilorin) in Nigeria is taking a unique approach to student safety by introducing self-defense and combat training as a vocational course. This initiative comes amid growing safety concerns and aims to equip students with the skills to protect themselves. The program is planned for future integration into the regular curriculum.
Unidentified gunmen have killed 11 people in a violent attack on Taraba-Benue border communities, leading to increased calls for security and conflict resolution.
Nigerian energy company Oando Plc secures $550 million stake in a $925 million facility for Afreximbank's $3.3 billion Project Gazelle, a landmark oil-backed financing deal for Nigeria.
Nigeria takes a significant step towards revitalizing its energy sector with the privatization of five power plants, aiming to attract investment and improve reliability.
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.
Nigeria commits to reducing post-harvest losses by 25%, boosting food security and jobs through the Special Agro-Industrial Processing Zones initiative.
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.