Nigerian economy

Naira Surges by N2.07 Against Dollar in Official FX Market!
In a financial landscape where even minor fluctuations carry significant weight, the Nigerian Naira experienced a modest yet meaningful appreciation, strengthening by N2.07 against the...

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Politics Today
14 hours ago14 hours ago

In a financial landscape where even minor fluctuations carry significant weight, the Nigerian Naira experienced a modest yet meaningful appreciation, strengthening by N2.07 against the U.S. dollar at the official foreign exchange market. This subtle shift reflects a complex interplay of liquidity management, policy adjustments, and investor behavior, all influencing the currency’s trajectory from multiple...

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Garri Prices Plummet as FG Nears Inflation Target: Get the Latest Updates Now!
In economies where the prices of everyday essentials often mirror the overall financial climate, garri serves as a crucial economic barometer. This staple food, deeply...

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Politics Today
3 months ago3 months ago

In economies where the prices of everyday essentials often mirror the overall financial climate, garri serves as a crucial economic barometer. This staple food, deeply rooted in Nigerian culture, has recently seen a notable decline in cost. This price drop corresponds with the Federal Government’s persistent initiatives to tame inflation and foster economic steadiness. This...

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EFCC Takes Down Businessman and Company in Shocking N511m Fraud Case
On Monday, the Economic and Financial Crimes Commission (EFCC) brought businessman Oguibe Nwachukwu and his firm, Wifamapp Royalty Global Limited, before the Lagos State Special...

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Politics Today
4 months ago4 months ago

On Monday, the Economic and Financial Crimes Commission (EFCC) brought businessman Oguibe Nwachukwu and his firm, Wifamapp Royalty Global Limited, before the Lagos State Special Offences Court in Ikeja, facing allegations involving the misappropriation of N511,378,221. Justice Rahman Oshodi presided over the case, where the EFCC charged Nwachukwu and his company with 13 counts, including...

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Youth Urged to Dive into Booming Maritime Sector as Revenue Surges to N1.39trn
Adegboyega Oyetola, Nigeria’s Minister of Marine and Blue Economy, has urged the nation’s youth to capitalize on the vast prospects within the maritime industry, underscoring...

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Politics Today
4 months ago4 months ago

Adegboyega Oyetola, Nigeria’s Minister of Marine and Blue Economy, has urged the nation’s youth to capitalize on the vast prospects within the maritime industry, underscoring the sector’s impressive revenue surge to N1.39 trillion projected for 2024. During a visit to the Institute of Maritime Studies at the University of Lagos (UNILAG), coinciding with the official...

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CBN’s 27% Rate Cut Falls Short in Relieving Credit Struggles, MSMEs Stakeholders Warn
The Organised Private Sector (OPS) has welcomed the recent 27 percent reduction in interest rates but maintains that this measure alone falls short of alleviating...

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Politics Today
4 months ago4 months ago

The Organised Private Sector (OPS) has welcomed the recent 27 percent reduction in interest rates but maintains that this measure alone falls short of alleviating the credit challenges faced by businesses. Segun Ajayi-Kadir, Director-General of the Manufacturers Association of Nigeria (MAN), emphasized that manufacturers require borrowing rates in the single digits-around five percent-to effectively boost...

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Manufacturers Set to Unlock the Full Potential of Nigeria First Policy
The Manufacturers Association of Nigeria (MAN) is set to intensify discussions on maximizing the impact of the Nigeria First policy, a strategic initiative aimed at...

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Politics Today
4 months ago4 months ago

The Manufacturers Association of Nigeria (MAN) is set to intensify discussions on maximizing the impact of the Nigeria First policy, a strategic initiative aimed at boosting domestic manufacturing and encouraging the consumption of Nigerian-made products and services. This focus will be central to MAN’s 53rd Annual General Meeting (AGM), scheduled for October 16, 2025, in...

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Nigeria @ 65: Atiku Fires Back at Tinubu, Saying ‘Our Pot Is Empty, Cracked, and Citizens Are Hungry
Atiku Abubakar, Nigeria’s former Vice President and prominent opposition figure, has issued a pointed response to President Bola Tinubu’s nationwide address commemorating Nigeria’s 65th Independence...

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Politics Today
4 months ago4 months ago

Atiku Abubakar, Nigeria’s former Vice President and prominent opposition figure, has issued a pointed response to President Bola Tinubu’s nationwide address commemorating Nigeria’s 65th Independence Day. Atiku described the nation’s situation as not only lacking sustenance but also fundamentally broken, emphasizing that the populace continues to suffer from hunger and deprivation. Earlier that day, President...

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Nigeria @ 65: Equities Investors Celebrate Massive N33.3 Trillion Gains in Just One Year!
As Nigeria marks its 65th year of independence this Wednesday, equity investors in the nation’s capital market have witnessed a remarkable gain of N33.3 trillion...

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Politics Today
4 months ago4 months ago

As Nigeria marks its 65th year of independence this Wednesday, equity investors in the nation’s capital market have witnessed a remarkable gain of N33.3 trillion since last year’s celebration. An in-depth review of the equities market over the past year shows that the All-Share Index (ASI), which reflects the overall performance of all listed stocks...

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Bode George Fires Back at Tinubu: Why Nigerians Truly Thrived Under Jonathan’s Leadership
Chief Bode George, a member of the Peoples Democratic Party (PDP) Board of Trustees (BoT), has asserted that Nigerians experienced better conditions under President Goodluck...

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Politics Today
4 months ago4 months ago

Chief Bode George, a member of the Peoples Democratic Party (PDP) Board of Trustees (BoT), has asserted that Nigerians experienced better conditions under President Goodluck Jonathan’s leadership compared to the tenures of the late President Muhammadu Buhari and the current administration of Bola Tinubu. As a former deputy national chairman of the PDP, George highlighted...

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Abia Shines as Thriving Business Hub at Aba Trade Fair!
Abia State’s Deputy Governor, Ikechukwu Emetu, has announced that the state is set to position itself as a premier business hub in Africa during the...

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Politics Today
5 months ago5 months ago

Abia State’s Deputy Governor, Ikechukwu Emetu, has announced that the state is set to position itself as a premier business hub in Africa during the upcoming 2nd Aba International Trade Fair. Speaking to the media, Emetu revealed that the event will span ten days, from November 28 to December 7, and will be hosted at...

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