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Nigerian Economy

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Naira Trades at ₦1,364.83/$ as Forex Market Maintains Relative Stability

KEY POINTS Naira traded at ₦1,364.83/$1 on Friday, up from ₦1,357.65/$1 on Thursday. The...
News

Osun APC Candidate Freed as Naval Commander Reportedly Redeployed After Arrest

KEY POINTS APC candidate Komolafe reportedly freed. Naval commander allegedly redeployed. Incident occurred ahead...
News

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.
News

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.
News

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.
News

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.
News

Nigerian Families Grapple with Triple Economic Crisis

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

Tinubu’s Missteps: Fuel Import Licenses and Naira Float

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

Obi Criticizes CBN’s Rate Hike, Foresees Economic Woes

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

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.
Business

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
News

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.
News

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...
Business

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.
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Business

Naira Trades at ₦1,364.83/$ as Forex Market Maintains Relative Stability

KEY POINTS Naira traded at ₦1,364.83/$1 on Friday, up from ₦1,357.65/$1 on Thursday. The...
News

Osun APC Candidate Freed as Naval Commander Reportedly Redeployed After Arrest

KEY POINTS APC candidate Komolafe reportedly freed. Naval commander allegedly redeployed. Incident occurred ahead...
Politics

Makinde Picks Ex-SSS DG Lawal Daura as Running Mate

KEY PONTS Makinde picks ex-SSS DG Lawal Daura. Security is central to the ticket. ...
News

Ondo Enacts New Electricity Law to Boost Power Supply and Investment

KEY POINTS Aiyedatiwa signed Ondo’s new electricity law. SERC will regulate the state’s power...