Nigeria's Finance Ministry says it processed N700bn to 1,240 local contractors, but protesting members of AICAN insist most of them have received no payment.
Nigeria says it is weighing sanctions against South Africa over renewed xenophobic attacks on Nigerians, warning that a review of bilateral privileges is not off the table.
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%.
Nigeria's Finance Ministry says it processed N700bn to 1,240 local contractors, but protesting members of AICAN insist most of them have received no payment.
Nigeria says it is weighing sanctions against South Africa over renewed xenophobic attacks on Nigerians, warning that a review of bilateral privileges is not off the table.
Nigeria's agricultural sector grew 3.15 percent year-on-year to N11.87trn in the first quarter of 2026, with crop production leading the gains at N8.9trn, the NBS says.
IATA has named Nigeria one of the world's most expensive countries for airline operations, blaming high taxes and charges that keep local carriers from competing.