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Nigeria Economy

“He suffered because he was poor”: Lawyers say police broke the law by detaining Oyo student over N8,000

New details show the N8,000 debt Oyo police said was irrelevant appears on Al-Amin Mohammed's charge sheet, as lawyers say detaining a debtor is illegal.

Plateau women block Jos-Mangu highway after gunmen kill three vigilantes, including youth leader, on night patrol

Women and youths in Kassa community, Barkin Ladi, blocked the Jos-Mangu highway for hours on Friday after gunmen killed three vigilantes, including the youth leader.

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.

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.

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...

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.

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.

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.

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.

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.

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.

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.

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.

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.

Latest articles

“He suffered because he was poor”: Lawyers say police broke the law by detaining Oyo student over N8,000

New details show the N8,000 debt Oyo police said was irrelevant appears on Al-Amin Mohammed's charge sheet, as lawyers say detaining a debtor is illegal.

Plateau women block Jos-Mangu highway after gunmen kill three vigilantes, including youth leader, on night patrol

Women and youths in Kassa community, Barkin Ladi, blocked the Jos-Mangu highway for hours on Friday after gunmen killed three vigilantes, including the youth leader.

How Aliko Dangote’s refinery turned Nigeria into a petrol exporter worth nearly N1 trillion in six months

Aliko Dangote's refinery has turned Nigeria from a heavy petrol importer into an exporter earning N998.5 billion in the first half of 2026, NBS data show.

Obi insists he left Anambra debt-free, says World Bank loans were federal support drawn after he left office

Peter Obi says he never borrowed money or issued bonds as Anambra governor, rejecting the state government's claim that his tenure left N127.4 billion in external debt.