Nigerian economy

Naira Surges to 6-Month Peak at ₦1,497/$ Amid Slowing Inflation Boost
In August 2025, Nigeria’s headline inflation rate eased to 20.12%, down from 21.88% recorded in July, reflecting a positive shift in the country’s economic landscape....

View Full Post

Politics Today
2 weeks ago2 weeks ago

In August 2025, Nigeria’s headline inflation rate eased to 20.12%, down from 21.88% recorded in July, reflecting a positive shift in the country’s economic landscape. This improvement coincided with the Naira reaching its strongest position in six months, trading at N1,497 per US dollar on the Nigeria Autonomous Foreign Exchange Market (NAFEM), signaling enhanced economic...

0
Nigeria’s Inflation Cools Further in August, Falling to 20.12% as Food Prices Ease
In August 2025, Nigeria experienced a continued reduction in its inflation rate, which fell to 20.12% from 21.88% in July, marking the fifth month in...

View Full Post

Politics Today
2 weeks ago2 weeks ago

In August 2025, Nigeria experienced a continued reduction in its inflation rate, which fell to 20.12% from 21.88% in July, marking the fifth month in a row of declining inflation, according to recent figures released by the National Bureau of Statistics (NBS). This represents a 1.76 percentage point decrease compared to the previous month and...

0
How Nigeria Cashed In ₦597 Billion from Your Data Bill in 2024: The Shocking Truth Revealed!
Welcome to Follow the Money, our weekly deep dive into the financial performance, business models, and expansion tactics of African fintech companies and financial institutions....

View Full Post

Tech
2 weeks ago2 weeks ago

Welcome to Follow the Money, our weekly deep dive into the financial performance, business models, and expansion tactics of African fintech companies and financial institutions. Tune in every Monday for fresh insights. Every megabyte of data purchased in Nigeria not only boosts telecom companies‘ revenues but also significantly contributes to government earnings through Value Added...

0
Monetary Policy Committee Forecasts Naira to Hit ₦1,400 per Dollar by Year-End
Members of the Central Bank of Nigeria’s Monetary Policy Committee (MPC) have forecast a continued appreciation of the naira, anticipating it will strengthen to approximately...

View Full Post

Politics Today
3 weeks ago3 weeks ago

Members of the Central Bank of Nigeria’s Monetary Policy Committee (MPC) have forecast a continued appreciation of the naira, anticipating it will strengthen to approximately N1400 per US dollar by the close of 2025. This positive outlook is underpinned by enhanced oil production, consistent capital inflows, and prudent liquidity management strategies. During the July MPC...

0
Here’s a more engaging version of the title: **”Why It Takes a Nigerian 17 Months to Save Up for the iPhone 17″**
At its “Awe Dropping” event on Tuesday, September 9, Apple introduced its newest devices: the iPhone 17, iPhone 17 Pro, and iPhone 17 Pro Max....

View Full Post

Tech
3 weeks ago3 weeks ago

At its “Awe Dropping” event on Tuesday, September 9, Apple introduced its newest devices: the iPhone 17, iPhone 17 Pro, and iPhone 17 Pro Max. The entry-level iPhone 17 is priced at $799 (₦1.2 million). However, with no official Apple retail outlets in Nigeria, these gadgets will be sold exclusively through third-party vendors, often at...

0
Fuel Surcharge Set to Transform Nigeria’s Roads, Announces Tax Reform Chair Oyedele
Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, clarified that the suggested fuel surcharge is not intended to impose extra...

View Full Post

Politics Today
3 weeks ago3 weeks ago

Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, clarified that the suggested fuel surcharge is not intended to impose extra financial strain on Nigerians. Instead, its purpose is to generate targeted funds to rehabilitate the country’s deteriorating road infrastructure. He highlighted the poor state of Nigeria’s roads as a significant...

0
Urgent Alert: Speaker Abbas Raises the Alarm as Nigeria’s Debt Skyrockets to N149 Trillion!
Abbas Tajudeen, the Speaker of Nigeria’s House of Representatives, has raised serious concerns about the country’s escalating debt levels, pointing out that the current borrowing...

View Full Post

Politics Today
3 weeks ago3 weeks ago

Abbas Tajudeen, the Speaker of Nigeria’s House of Representatives, has raised serious concerns about the country’s escalating debt levels, pointing out that the current borrowing has exceeded the legal limits set by Nigerian law, posing a significant threat to the nation’s financial stability. Speaking at the opening of the 11th Annual Conference and General Assembly...

0
Tinubu Committed to Bold Economic Reforms, Says Shettima
Vice President Kashim Shettima has said President Bola Ahmed Tinubu remains committed to diversifying the Nigerian economy, describing him as a leader with the political...

View Full Post

Politics Today
4 weeks ago4 weeks ago

Vice President Kashim Shettima has said President Bola Ahmed Tinubu remains committed to diversifying the Nigerian economy, describing him as a leader with the political will to take bold decisions. This is just as the Federal Government has mulled a task team to conceptualise and operationalise good architecture in Nigeria to standardise the country’s architectural...

0
President Tinubu Declares Nigeria’s Economy Steady and Strong
On Wednesday, September 3, President Bola Tinubu highlighted the positive impact of his administration’s decisive economic reforms, emphasizing that these measures are successfully restoring Nigeria’s...

View Full Post

Lifestyle
4 weeks ago4 weeks ago

On Wednesday, September 3, President Bola Tinubu highlighted the positive impact of his administration’s decisive economic reforms, emphasizing that these measures are successfully restoring Nigeria’s standing on the global stage. He made these remarks at the State House during a meeting with His Imperial Majesty, Oba Ghandi Afolabi Oladunni Olaoye, Orumogege III, the Soun of...

0
AMCON Greenlights Abia’s Bold Revival Plan for Star Paper Mills
AMCON Endorses Abia State’s Initiative to Revive Star Paper Mills The Asset Management Corporation of Nigeria (AMCON) has officially authorized Abia State to undertake the...

View Full Post

Business Updates
1 month ago1 month ago

AMCON Endorses Abia State’s Initiative to Revive Star Paper Mills The Asset Management Corporation of Nigeria (AMCON) has officially authorized Abia State to undertake the revitalization of the defunct Star Paper Mills. This move marks a significant step towards restoring the once-thriving industrial facility, which has been inactive for several years. Reviving a Key Industrial...

0