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economic impact

83 Nigerians to Return Home from South Africa Amid Rising Xenophobic Attacks

KEY POINTS 83 Nigerians are expected to arrive in Lagos from South Africa on...

Influencer Arrested Over Alleged $28m Cocaine Shipment Bound for UK

KEY POINTS NDLEA seized 184.5kg of cocaine valued at nearly $28m. Influencer “KC Luxury”...

Power Outages Halt Businesses Across Northern Nigeria

Frequent power outages have stalled businesses across Northern Nigeria, causing high operational costs and revenue losses as reliance on diesel generators rises.

Dangote Refinery Set to Disrupt 90 European Refineries

The Dangote Refinery, with its capacity to produce 650,000 barrels per day, threatens to disrupt 90 European refineries and shift global oil market dynamics

Nigeria’s Minimum Wage Crisis Deepens: Strike Disrupts Economy

Nigeria's unresolved minimum wage crisis led to a two-day strike, causing significant economic disruptions. Urgent action is needed to prevent further damage.

Federal Government Suspends 0.5% Cybersecurity Levy

In response to widespread criticism, the Nigerian government halts the controversial 0.5% cybersecurity levy, prioritizing a review of its financial and societal impacts.

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83 Nigerians to Return Home from South Africa Amid Rising Xenophobic Attacks

KEY POINTS 83 Nigerians are expected to arrive in Lagos from South Africa on...

Influencer Arrested Over Alleged $28m Cocaine Shipment Bound for UK

KEY POINTS NDLEA seized 184.5kg of cocaine valued at nearly $28m. Influencer “KC Luxury”...

Wike Orders Demolition of Houses Blocking Abuja Waterways

K KEY POINTS Wike orders immediate demolition of houses blocking Abuja waterways. Buildings in Maitama...

US lists three categories of visa services affected in Nigeria

The US has realigned routine visa services in Abuja to regional hubs, affecting tourist, business and petition-based nonimmigrant visa applications from August 1.