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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...

November 13, 2025

Business

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...

November 13, 2025

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News

World Bank’s Fuel Price Hike Advice Sparks Outrage in Nigeria

World Bank advises higher fuel prices in Nigeria, facing opposition amidst economic challenges and President Tinubu's recent subsidy removal

December 18, 2023

News

Abandoned Oil Wells Spark Environmental Concerns in Niger Delta

Experts raise alarm over health, environmental risks from abandoned oil wells and neglected infrastructure in Nigeria's Niger Delta region.

December 15, 2023

Society

Bakassi’s Children Face Daily Terror from Militants in Nigeria

Bakassi's children endure daily threats from militants, lacking schools and medical facilities in their isolated Nigerian fishing communities

December 14, 2023

Society

Lagos Unveils N7bn Security Plan to Boost Safety and Prosperity

Lagos, the commercial hub of Nigeria, has announced a bold plan to enhance its...

December 13, 2023

News

Nigerian Minister Blames Local Elites for Funding Terrorism, Illegal Mining

Solid Minerals Minister of Nigeria implicates influential locals in terrorism, underscoring challenges in managing the country's mineral wealth.

December 13, 2023

Society

Enugu Man Murders Mother, Sister, Buries Them in Backyard

A young man from Enugu State has been arrested for allegedly killing his mother...

December 11, 2023

Society

Former Edo Governor Urges Labour to Demand Better Use of Pension Fund

Nigeria is facing a severe housing shortage, with millions of people living in slums...

December 11, 2023

News

Kaduna Drone Strike Ignites Protests, Global Condemnation

Following a fatal military drone strike in Kaduna, Nigeria, widespread protests and UN condemnation highlight the escalating crisis.

December 7, 2023

Society

How Celebrities Lure Millions of Nigerians into Gambling Addiction

Gambling is a booming industry in Nigeria, where millions of people bet on sports,...

December 2, 2023

Politics

Godfatherism Threatens Democratic Progress in Nigerian Politics

Godfatherism's grip on Nigerian politics challenges democratic values and progress

December 2, 2023

Society

Decades of HIV/AIDS: A Global Challenge with No Vaccine in Sight

World AIDS Day highlights ongoing HIV vaccine and cure search.

December 1, 2023

News

94.5-Million Nigerians Face Food Shortage Crisis

The Nigerian government reports a critical food shortage affecting 94.5 million citizens, highlighting the urgency of addressing this escalating crisis.

December 1, 2023