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Nigeria Economy

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83 Nigerians to Return Home from South Africa Amid Rising Xenophobic Attacks

KEY POINTS 83 Nigerians are expected to arrive in Lagos from South Africa on...
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Influencer Arrested Over Alleged $28m Cocaine Shipment Bound for UK

KEY POINTS NDLEA seized 184.5kg of cocaine valued at nearly $28m. Influencer “KC Luxury”...
Business

Nigeria Assures Investors About Market After US Backed Strike

Nigeria’s finance minister says a joint security operation with the United States will strengthen stability, reassure investors and support continued economic growth.
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Economic Hardship Debate Deepens As Radda Says FG Controls 52% Of Federation Revenue

Governor Dikko Radda says the Federal Government controls most federation revenue and should share responsibility for Nigeria’s economic hardship.
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Peter Obi: 80% Youth Unemployment Shows Leaders Have Failed Nigeria

Key Points Peter Obi links Nigeria’s 80% youth unemployment rate to leadership failure and...
News

More Funds, More Pains As Nigeria’s Allocations Double While Poverty Deepens

Nigeria shared record FAAC revenue, yet rising prices, poverty growth, and limited grassroots impact left millions worse off nationwide today.
Business

Dangote Reclaims $30 Billion Net Worth as Cement Lifts Fortune

Aliko Dangote’s net worth has climbed back to $30 billion as rising cement shares and aggressive refinery expansions recharge his business empire.
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How Remote Work Is Transforming Nigerian Economy

Remote work has shifted from a pandemic necessity to a structural economic force in Nigeria, reshaping hiring, productivity, lifestyle, and global employment access.
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BOI Disburses N1.27 Trillion Across Key Sectors

BOI disbursed N1.27 trillion across 14 sectors, strengthening industrial growth and supporting nearly 900,000 jobs through expanded credit programs.
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South-East Residents Explain Monday Business Shutdowns

South-East residents say ongoing fears and uncertainty still force many businesses to remain closed on Mondays despite efforts to restore normal activity.
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AEDC Lays Off 800 Workers as Power Supply Worsens

AEDC fires 800 workers after restructuring, raising concerns over worsening electricity supply and poor sector performance.
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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.
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Lekki Zone MD: Nigeria Remains Investor-Friendly

Lekki Free Zone MD Val Attah insists Nigeria remains viable investment destination, backed by reforms and strong investor confidence.
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Fuel Tax Won’t Begin Until Naira Strengthens or Oil Price Falls — Oyedele

Oyedele says Nigeria will delay 5% fuel surcharge until naira appreciates or oil prices drop to avoid price hikes.
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83 Nigerians to Return Home from South Africa Amid Rising Xenophobic Attacks

KEY POINTS 83 Nigerians are expected to arrive in Lagos from South Africa on...
News

Influencer Arrested Over Alleged $28m Cocaine Shipment Bound for UK

KEY POINTS NDLEA seized 184.5kg of cocaine valued at nearly $28m. Influencer “KC Luxury”...
News

Wike Orders Demolition of Houses Blocking Abuja Waterways

K KEY POINTS Wike orders immediate demolition of houses blocking Abuja waterways. Buildings in Maitama...
News

US lists three categories of visa services affected in Nigeria

The US has realigned routine visa services in Abuja to regional hubs, affecting tourist, business and petition-based nonimmigrant visa applications from August 1.