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Nigeria Economy

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Fire Hits Building Housing Polaris Bank on Lagos Island

KEY POINTS A fire outbreak affected a 17-storey building housing a Polaris Bank branch...
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INEC Begins Distribution of Election Materials in Ekiti as Voter Register Hits 1.06 Million

KEY POINTS INEC has begun distributing sensitive election materials from the CBN in Ado...
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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...
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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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Otedola Celebrates Dangote’s $20 Billion Refinery

Femi Otedola praises Aliko Dangote’s $20 billion refinery expansion as a generational legacy reshaping Nigeria’s oil and energy landscape.
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News

Fire Hits Building Housing Polaris Bank on Lagos Island

KEY POINTS A fire outbreak affected a 17-storey building housing a Polaris Bank branch...
News

INEC Begins Distribution of Election Materials in Ekiti as Voter Register Hits 1.06 Million

KEY POINTS INEC has begun distributing sensitive election materials from the CBN in Ado...
News

Kwara Police Deny Bandit Invasion Rumour in Oke-Oyi

KEY POINTS The Kwara Police confirmed there was no bandit invasion in Oke-Oyi despite...
News

FG to Evacuate Over 742 Nigerians From South Africa Amid Rising Xenophobic Attacks

KEY POINTS The Federal Government will evacuate over 742 Nigerians from South Africa before...