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Vandals strip Lagos-Ibadan Longbridge of solar streetlights, raising fears of night attacks on motorists

Vandals have stripped the Lagos-Ibadan Longbridge of nearly all its solar streetlights, leaving only about 20 standing and raising fears of renewed night attacks on motorists.
News

Dangote picks power over steel with a $10 billion bet on Africa’s grid

Aliko Dangote says his group will invest more than $10 billion in electricity across Africa within four years, possibly cancelling its steel ambitions to fund it.
News

Naira Strengthens to 1,518 Per Dollar on Parallel Market

Naira rises in parallel market to ₦1,518 as central bank oversight and dollar flows ease speculative pressure.
Business

Naira to the World: Rural Nigerian Women Drive Economic Change Through Digital Wallets

KEY POINTS Rural Nigerian women are leveraging digital wallets to send and receive money,...
News

Nigeria’s Inflation Battle Intensifies as MPC Meets

Nigeria's inflation battle intensifies as the MPC meets to decide on measures to curb rising prices. Key areas include interest rates, currency stability, and food security.
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Naira Gains Put Spotlight on Petrodollar Inflow

In a striking turn of events, Nigeria's currency, the naira, has experienced a noteworthy...
News

Stronger Naira Fails to Alleviate Food Insecurity Woes

Despite the recent strengthening of Nigeria's currency, the Naira, against the US dollar, many...
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Presidency Forecasts Enhanced Investor Confidence with Naira Performance

The Presidency in Nigeria has expressed optimism regarding the performance of the Naira, projecting...
News

Nigeria’s Foreign Exchange Reserves Hover Near Two-Month Low at $33.36 Billion

Nigeria's foreign exchange reserves are approaching a two-month low, standing at $33.36 billion, signaling...
News

Naira Soars Below N1,600: A Glimmer of Economic Hope

The Nigerian Naira is showing promising signs of recovery, with its value appreciating to...
News

Nigeria’s Central Bank Boosts Dollar Inflow to $1.3 Billion

Nigeria’s central bank has increased its dollar inflow to $1.3 billion in February 2021,...
News

Nigeria’s Currency Crisis: How Floating the Naira Backfired

Nigeria, Africa's largest economy, is facing a severe currency crisis that has been worsened...
Business

Naira Gains Strength as Foreign Reserves Grow**

The Nigerian currency, the naira, has appreciated against the US dollar in the parallel...
News

Presidency Slams Atiku’s Naira Floatation Plan

Former Vice President Atiku Abubakar has been criticized by the presidency for his proposal...
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Vandals strip Lagos-Ibadan Longbridge of solar streetlights, raising fears of night attacks on motorists

Vandals have stripped the Lagos-Ibadan Longbridge of nearly all its solar streetlights, leaving only about 20 standing and raising fears of renewed night attacks on motorists.
News

Dangote picks power over steel with a $10 billion bet on Africa’s grid

Aliko Dangote says his group will invest more than $10 billion in electricity across Africa within four years, possibly cancelling its steel ambitions to fund it.
News

CNG rollout: States race to cut transport fares before Oct. 1 as queues and N1 million conversion costs bite

Nigerian states are racing to cut transport fares through CNG before Oct. 1, but long queues and conversion costs of up to N1 million are slowing operators.
News

Nigeria flood alert: 8,000 communities and 4,500 schools in 15 states at risk this week

Nigeria's hydrological agency warns that more than 8,000 communities and 4,500 schools across 15 states face flooding between Sept. 19 and 25 as rivers rise.