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Oyedele opens talks to clear FG contractor debt backlog

Finance Minister Taiwo Oyedele opened talks with indigenous contractors in Abuja, pledging a transparent and structured plan to settle the Federal Government's outstanding debts.
Business

Dangote cement exports jump 71.6 percent, Q1 profit N421bn

Dangote's cement business posted a 71.6 percent jump in exports and 35 percent profit surge in Q1 2026, lifting African capacity to 55 million tonnes.
News

Nigeria’s 63 percent poverty rate defies inflation easing

Nigeria's poverty rate climbed to 63 percent in 2025 even as inflation declined sharply, the World Bank said in its April 2026 Nigeria Development Update.
News

Nigeria’s Inflation Rate Sees Slight Dip to 15.06% in February, Says NBS

KEY POINTS Nigeria’s inflation rate dipped slightly to 15.06% in February 2026 from...
Business

Nigerian Breweries, Guinness Raise Product Prices as Rising Costs Bite

KEY POINTS Nigerian Breweries Plc and Guinness Nigeria have announced price increases on selected...
Business

CBN Cuts Interest Rate to 26.5% as Inflation Eases

KEY POINTS The CBN reduced its benchmark interest rate from 27% to 26.5%, signaling...
Business

Nigeria’s Inflation Rate Dips Slightly to 15.1%

KEY POINTS Nigeria’s inflation rate edged down to 15.1 percent in January 2026, showing...
Business

Nigeria Inflation Eases to 15.15% in December as NBS Revises Methodology

KEY POINTS Nigeria headline inflation slowed to 15.15 percent in December 2025, reflecting a...
News

Economy: Experts Question Federal Government’s Positive Assessment

Analysts say Nigeria’s economic gains are largely on paper, with macro improvements yet to translate into real relief for citizens. Experts urge targeted reforms for inclusive growth.
News

CANMPEF Warns Inflation, Taxes Threaten Industrial Growth

CANMPEF warns inflation, taxes, and forex issues threaten Nigeria’s industrial stability despite modest growth in 2024.
News

Food Imports Surge 45% as Local Production Struggles to Keep Up

Nigeria’s food imports jumped 45% in H1 2025 as insecurity and weak agricultural output hurt local production capacity.
News

Nigeria’s Inflation Crisis Pushes Workers and Employers to the Edge

Nigeria’s inflation crisis is eroding wages and threatening jobs, NECA warns, urging government action to stabilize businesses and protect workers.
Business

Silent Profiteers: How Nigeria’s Inflation Crisis is Making the Rich Richer

KEY POINTS Nigeria’s inflation crisis is enriching politically connected importers, wholesalers, and landlords who...
News

The Quiet Exodus: Why Nigeria’s Middle Class is Trading City Lights for Rural Living

KEY POINTS Rising inflation, insecurity, and urban stress are driving middle-class Nigerians to relocate...
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Latest articles

News

Oyedele opens talks to clear FG contractor debt backlog

Finance Minister Taiwo Oyedele opened talks with indigenous contractors in Abuja, pledging a transparent and structured plan to settle the Federal Government's outstanding debts.
Business

Dangote cement exports jump 71.6 percent, Q1 profit N421bn

Dangote's cement business posted a 71.6 percent jump in exports and 35 percent profit surge in Q1 2026, lifting African capacity to 55 million tonnes.
News

Nestoil denies First Bank dividend blame, eyes legal action

Nestoil rejected reports linking it to First Bank's dividend halt, blamed a CBN forbearance directive, and threatened defamation suits against banks and media.
Business

Elumelu firms link with MoMo PSB for cardless payments

United Bank for Africa, Heirs Holdings-backed Redtech and MoMo PSB launched a cardless payment partnership, enabling wallet payments across 55,000 RedPay terminals nationwide.