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Nigerian Economy

Netanyahu claims Iran can no longer enrich uranium or build missiles as US-Israel strikes enter day 20

Israeli Prime Minister Benjamin Netanyahu declared Iran incapable of enriching uranium or producing ballistic missiles after 20 days of strikes.

Nigeria’s data regulator threatens to sanction TikTok, X and Meta over street content privacy breaches

Nigeria's data protection agency ordered social media platforms to curb unauthorized filming of unsuspecting citizens or face significant regulatory sanctions.

Nigerian Central Bank Hikes Interest Rate to 26.25%

Nigeria’s Central Bank raised its benchmark interest rate to 26.25%, aiming to curb inflation and stabilize the economy despite potential growth impacts.

CBN Hikes Interest Rate to 26.25%, OPS Protests

The Central Bank of Nigeria raises the MPR to 26.25%, aiming to curb inflation but sparking concerns among businesses about higher borrowing costs.

Shell Contributed $1.09bn in Taxes in 2023

In 2023, Shell Nigeria paid $1.09 billion in taxes and royalties, underscoring its substantial financial contribution to the Nigerian government and its economic development.

SDP Candidate Urges Shift from Wage Hikes to Social Investments

SDP's Adebayo champions social investments over wage increases, emphasizing a sustainable approach to supporting all citizens.

Nigerian Families Grapple with Triple Economic Crisis

In a season of triple shocks, Nigerian families are battling to contain an escalating...

Tinubu’s Missteps: Fuel Import Licenses and Naira Float

Recent proposals by prominent Nigerian politician Bola Tinubu regarding fuel import licenses and floating...

Obi Criticizes CBN’s Rate Hike, Foresees Economic Woes

Peter Obi slams CBN's decision, predicts job losses and hardship.

Naira Hits Record Low on Official Exchange, Nears N1,500/$ Mark

The naira plunges to a new all-time low on the official market, raising concerns over potential economic impacts and market stability.

SERAP Calls for Reduction of National Assembly’s ‘Excessive’ N344.85b Budget

SERAP urges Senate President Akpabio and Speaker Abbas to cut the National Assembly's N344.85 billion budget, advocating for fiscal responsibility in line with Nigeria's economic realitie

Nigeria to Send 4000 Skilled Artisans to UAE in Landmark Labor Export Deal

Nigeria set to send 4000 artisans to UAE, marking a significant stride in labor export and economic relations enhancement.

Nigeria Bolsters Food Security with Enhanced Wet Season Farming Strategy

In a significant move to bolster food production, Nigeria's Minister of Agriculture and Food...

Supreme Court Extends Validity of Old and New Naira Notes

Nigeria's Supreme Court has ruled in favor of the indefinite legal tender status of both old and new naira notes, impacting the nation's economy.

Latest articles

Netanyahu claims Iran can no longer enrich uranium or build missiles as US-Israel strikes enter day 20

Israeli Prime Minister Benjamin Netanyahu declared Iran incapable of enriching uranium or producing ballistic missiles after 20 days of strikes.

Nigeria’s data regulator threatens to sanction TikTok, X and Meta over street content privacy breaches

Nigeria's data protection agency ordered social media platforms to curb unauthorized filming of unsuspecting citizens or face significant regulatory sanctions.

Borno governor warns of two more suicide bomb attacks expected during Sallah period

Borno Governor Babagana Zulum warned that two suicide bombers remain at large in Maiduguri ahead of the Sallah celebration.

Why thousands of Almajiri children are leaving northern Nigeria for Abuja’s streets

Millions of out-of-school children from northern Nigeria are flooding Abuja as poverty, insecurity and tradition fuel the Almajiri crisis.