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UN Proposes 15 Percent Budget Cut for 2026

The UN plans 15% budget cut in 2026 as Antonio Guterres tackles U.S. arrears, workforce downsizing, and organizational restructuring
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Nigeria Says All Federal Airports Fully Insured

FAAN
News

Insecurity Hampers Nigeria’s Economic Development Across Key Sectors

Insecurity disrupts Nigeria's economic development, weakening key sectors like agriculture, oil, and foreign investment, and requires multi-level solutions.
Business

World Bank Forecasts Nigeria’s Revenue-to-GDP Ratio to Surpass 10.5%

The World Bank projects Nigeria’s revenue-to-GDP ratio to exceed 10.5% in 2024, while the government tackles inflation with agriculture-focused initiatives
News

Nigeria Unveils Plan to Tackle Inflation, Boost Jobs

Nigeria’s finance minister introduces economic reforms focused on reducing inflation, creating jobs, and fostering growth in agriculture, housing, and oil sectors.
News

Leaders Urge Tinubu to Ease Burden of Fuel Price Hike on Citizens

Nigerian leaders, including Senator Shehu Sani, call on President Tinubu to ease the impact of rising fuel prices on the poor and ensure shared sacrifices.
News

Why Cement Prices Are Skyrocketing in Nigeria

BUA Cement's AbdulSamad Rabiu explains the rise in cement prices in Nigeria, citing dealer practices and economic challenges as key factors.
News

Nigeria’s Rusty FX Market Struggles to Rebound

Nigeria’s FX market faces ongoing challenges, with liquidity shortages and volatility threatening economic recovery despite government interventions.
Business

Nigeria to Issue $500M Bond as Capital Importation Data Awaits Release

Nigeria will auction its first $500 million domestic dollar bond as the NBS prepares its Q2 2024 capital importation report.
Business

Nigeria’s Inflation Slows for the First Time in 19 Months

Nigeria’s inflation rate slows after 19 months of increase, offering brief relief but ongoing economic challenges remain.
Business

Nigeria’s Economic Activity Drops for 13th Straight Month in July

Nigeria's economic activity contracts for the 13th month, as rising costs and declining employment continue to hinder growth.
News

CBN Sells $876M at N1,495 in Retail Forex Auction Amid Naira Volatility

The Central Bank of Nigeria has sold $876.26 million at N1,495 per dollar in its latest retail forex auction to stabilize the naira amidst economic pressures.
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Nigeria’s Economic Woes: Poor Diversification, Excess Liquidity Cited by CBN

CBN Governor Yemi Cardoso attributes Nigeria's economic woes to poor diversification and excess liquidity, raising interest rates to combat inflation.
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NNPC Holds 7.2% Stake in Dangote Refinery, Not 20%: Dangote

Aliko Dangote reveals that NNPC holds a 7.2% stake in the Dangote Refinery, correcting earlier reports of a 20% stake and highlighting the project's significance.
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News

UN Proposes 15 Percent Budget Cut for 2026

The UN plans 15% budget cut in 2026 as Antonio Guterres tackles U.S. arrears, workforce downsizing, and organizational restructuring
News

Nigeria Says All Federal Airports Fully Insured

FAAN
Business

Taiwo Afolabi Expands Community Projects, SAHCO Stake

SIFAX Group founder Taiwo Afolabi has commissioned new projects in Ogun State while his aviation unit SAHCO posts soaring profits and a higher valuation.
News

126 Environmental Defenders Killed in Africa Since 2012, Report Shows

Global Witness reports 126 killings of environmental defenders in Africa since 2012, with DRC named the most dangerous country.

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