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FG’s N70,000 transport allowance for workers could cost N465.7 billion as TUC rejects the deal

Nigeria’s 70,000 naira transport allowance could cost 465.7 billion naira over six months, and the Trade Union Congress says workers need a permanent raise instead.
News

Lagos residents, employers and workers must get health insurance by Dec. 31

Governor Babajide Sanwo-Olu says residents, employers and workers must get covered by Dec. 31 ahead of mandatory health insurance enforcement from Jan. 1, 2027.
News

NNPC Raises Fuel Price to ₦955 per Litre

NNPC raises petrol price to ₦955 per litre amid rising global oil costs, FX pressure, and public backlash over inflation.
Business

CBN: Business Confidence in Nigerian Economy Drops 3.2 Points

According to its CBN survey, business confidence was down 3.2 points, with businesses expecting naira depreciation.
News

Rising Naira Costs Push Starlink Out of Reach for Many Nigerians

The weakening naira has caused Starlink prices to surge by 115%, leaving many Nigerians struggling to afford the satellite internet service that was once accessible.
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Naira Slumps Against Dollar, Erasing Gains Celebrated by Presidency

Naira falls by 91 points against the dollar 24 hours after a brief recovery was celebrated by the presidency
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More Naira, Less Value: Inflation Erodes ₦7.6 Trillion in Consumer Spending

Inflation in Nigeria has wiped out ₦7.6 trillion in consumer spending, highlighting severe economic challenges and declining purchasing power for households
News

Naira Falls as External Reserves Dip Despite FX Reforms

The naira continues to fall amid declining external reserves, despite FX reforms by the Central Bank of Nigeria, raising concerns about the country's economic stability.
Business

CBN’s Naira Stabilization Efforts is Ineffective, Says Peterside

Atedo Peterside criticizes CBN’s approach to stabilizing the naira, calling for a more sustainable and market-aligned strategy as the currency hits N1500/$.
News

Breaking News: Naira Hits Record Low of N1,600; Tinubu’s Policies Questioned

Nigeria's naira hits a new low of N1,600/$1, facing a steep decline as President Tinubu's economic measures struggle to stabilize the economy amidst rising inflation and policy challenges.
Business

CBN Implements Strict FX Regulations on Banks Amid Naira Depreciation

In a bold move, CBN tightens FX regulations for banks, aiming to curb naira's free fall and stabilize the Nigerian economy.
News

Nigeria Faces Economic Challenges as Naira Dives Following Currency Unification

Nigeria's economic crisis deepens with naira's sharp fall after unification.
Business

Nigeria’s Economic Woes Deepen Amid Inflation, FX Shortages

Amid soaring inflation rates and a dwindling foreign exchange (FX) reservoir, Nigeria's economic health...
Business

Naira Plummets as World Bank Ranks It Among Africa’s Worst Currencies

The Nigerian naira has been ranked among the worst-performing currencies in Africa by the...
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News

FG’s N70,000 transport allowance for workers could cost N465.7 billion as TUC rejects the deal

Nigeria’s 70,000 naira transport allowance could cost 465.7 billion naira over six months, and the Trade Union Congress says workers need a permanent raise instead.
News

Lagos residents, employers and workers must get health insurance by Dec. 31

Governor Babajide Sanwo-Olu says residents, employers and workers must get covered by Dec. 31 ahead of mandatory health insurance enforcement from Jan. 1, 2027.
News

Bandits Abduct Over 10 Passengers Travelling to Abuja

KEY POINTS Bandits reportedly abducted over 10 passengers and a driver travelling from Kebbi...
News

Swiss Authorities Confirm Ebola Patient’s Safe Arrival

KEY POINTS Ebola patient and husband arrive safely in Switzerland for treatment and isolation. ...