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Nigerian Economy

Peter Obi, Kwankwaso backers form joint movement ahead of ADC primaries

Backers of Peter Obi and Rabiu Kwankwaso have launched the Obi-Kwankwaso Movement in Abuja, establishing structures across all 36 states ahead of ADC primaries.

Boko Haram issues 72-hour ultimatum, demands N5bn for 416 abducted women and children in Borno

Boko Haram has set a 72-hour deadline for the government to pay N5bn for 416 women and children abducted from Ngoshe in Borno State.

Dangote Plans $5 Billion Lagos Refinery Expansion To Boost Fuel Supply

Aliko Dangote plans to raise $5 billion to expand his Lagos refinery and boost Nigeria’s energy supply.

Dangote’s Net Worth Nears $30 Billion as Fortune Hits $29.8B

Aliko Dangote’s net worth climbs to $29.8 billion, driven by gains in his cement and refinery ventures as he edges closer to the $30 billion mark.

World Bank: 139 Million Nigerians Still Trapped in Poverty

The World Bank urged Nigeria to channel reform gains into real welfare improvements, as 139 million citizens still live in poverty.

Nigeria’s $92 Billion Lithium Boom Leaves Local Investors Struggling

Nigeria’s $92 billion lithium industry is dominated by foreign companies, leaving local investors sidelined in the race for green energy profits.

Tinubu Calls for Productivity Push in Independence Day Speech

Tinubu urges Nigerians to produce more, backing reforms that he says will build a stronger, self-reliant economy despite current hardship.

The Silent Billion-Dollar Hustle: How Nigerian Market Women Sustain Africa’s Food Security

KEY POINTS Nigeria’s 15 million market women move 70% of the nation’s food, generating...

The Owambe Economy: Celebrating Through Crisis in an Era of Soaring Inflation

KEY POINTS Despite soaring inflation, Nigeria’s owambe celebrations remain widespread, with families spending millions...

Five Nigerian Cities Experiencing the Fastest Rising Cost of Living in 2025

KEY POINTS Lagos, Abuja, Port Harcourt, Uyo, and Jos are the top five Nigerian...

Forensic Audit Set for NNPCL, Says Finance Minister Edun

Finance Minister Wale Edun announces a forensic audit of NNPCL, aligning with reforms aimed at boosting investor confidence and economic growth.

Nigeria’s Inflation Rate Drops to 23.18% in February 2025

KEY POINTS  Nigeria’s inflation rate dropped to 23.18% in February 2025, down from 24.48%...

Oshiomhole: Former Military Generals Resposible for Illegal Mining

Oshiomhole attributes illegal mining to the involvement of retired military general officers while calling for immediate military action.

5 Sectors to Watch for Investment Opportunities in Nigeria

Nigeria offers vast investment opportunities across agriculture, tech, renewable energy, healthcare, and real estate, promising growth and returns.

Latest articles

Peter Obi, Kwankwaso backers form joint movement ahead of ADC primaries

Backers of Peter Obi and Rabiu Kwankwaso have launched the Obi-Kwankwaso Movement in Abuja, establishing structures across all 36 states ahead of ADC primaries.

Boko Haram issues 72-hour ultimatum, demands N5bn for 416 abducted women and children in Borno

Boko Haram has set a 72-hour deadline for the government to pay N5bn for 416 women and children abducted from Ngoshe in Borno State.

SEREC warns Nigeria could lose cargo to Benin, Togo ports

SEREC has warned that persistent port inefficiencies could push as much as 25 percent of Nigeria-bound cargo to Benin and Togo within two years.

BOI, RMRDC sign MoU to boost Nigeria agric value chain

Bank of Industry and RMRDC have signed a memorandum of understanding to add value to Nigerian raw materials and keep more wealth inside the economy.