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New Bill Proposes ₦20m Fine, Jail Terms for Ponzi Operators

Nigeria’s Senate proposes a ₦20m fine and jail terms for Ponzi operators, enhancing investor protection through modern financial reforms.
News

UNICEF: 4.9M Nigerian Children Need Urgent Help

UNICEF's 2024 report reveals 4.9 million Nigerian children urgently need aid, with critical gaps in education, health, and living conditions
News

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...
Business

Nigeria’s Industrialisation Dream Fades as Naira Hits Record Low 

Nigeria, Africa’s largest economy, is facing a crisis of industrialization as its currency, the...
News

How Nigeria’s Naira Lost 99.92% of Its Value in 50 Years 

Nigeria’s naira currency has depreciated significantly in the past five decades, losing 99.92% of...

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News

New Bill Proposes ₦20m Fine, Jail Terms for Ponzi Operators

Nigeria’s Senate proposes a ₦20m fine and jail terms for Ponzi operators, enhancing investor protection through modern financial reforms.
News

UNICEF: 4.9M Nigerian Children Need Urgent Help

UNICEF's 2024 report reveals 4.9 million Nigerian children urgently need aid, with critical gaps in education, health, and living conditions
News

NNPCL Challenges Dangote Refinery’s Import Licence Suit

NNPCL counters Dangote Refinery’s bid to monopolize petroleum imports, arguing the suit doesn’t hold water and could be ruinous to the economy.
News

Troops’ Welfare And Nigeria’s Protection My Top Priority, Acting COAS

The Lt. Gen Oluyede is rallying the Nigerian Army to remain focused in turning the tide regarding insecurity, as the handover to the Infantry Corps happens, with priority given to troop welfare and national security.

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