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Nigeria Triumphs in Landmark Case Against P&ID, Saving Billions in Fraudulent…
In a significant legal victory, the Federal Government of Nigeria has won its case against Process and Industrial…
Nigeria’s Economy Flags Warning on African Country Instability Risk Index
A new index assessing political stability risks across 47 African countries has placed Nigeria's economy on…
Supreme Court Readies for Atiku’s Appeal Against Tinubu’s Victory
As Nigeria's Supreme Court prepares to hear the appeal filed by Atiku Abubakar, the presidential candidate of the…
Nigeria’s Naira Faces Unprecedented Decline: Can the Downward Spiral Be…
Nigeria's currency, the Naira, is hurtling towards an alarming exchange rate of N2000 to the US dollar after a…
Nigeria’s Oil Earnings Surge in September 2023
Nigeria's oil earnings experienced a substantial surge of over N273.8 billion in September 2023. This surge was…
Fuel Prices Surge Beyond Official Bands in Nigeria
Fuel prices in Nigeria, particularly at independent filling stations, have surpassed the officially approved price…
Nigeria’s Ways and Means Debt Surpasses Crude Oil Revenue in H1 2023
A recent report from the Budget Office of the Federation (BOF) has revealed that the Federal Government of…
Olusegun Aganga Emphasizes: Strong Naira Hinges on Local Production and Exports
Former Finance Minister, Olusegun Aganga, highlighted a critical economic reality at the 51st Annual General…
Nigeria to Digitize Travel Processes for Enhanced Air Travel Experience
Olubunmi Tunji-Ojo, Nigeria's Minister of Interior, revealed plans to revolutionize international air travel…
Supreme Court Convenes Panel to Hear Presidential Election Appeals in Nigeria
The Supreme Court of Nigeria has established a seven-member panel of justices to consider appeals filed by three…
Global Hunger Index Highlights Worsening Hunger Levels in Nigeria
Nigeria is one of nine countries anticipated to experience a deteriorating hunger situation in the coming year,…
Challenges Loom Over Nigeria’s Ambitious 2024 Budget Revenue Targets
Nigeria faces a daunting task in generating the revenue needed to support its proposed N26.01 trillion budget for…
Nigeria and EU Ink €900 Million Deal for Development Projects
The Federal Government of Nigeria has entered into a substantial financial agreement with the European Union (EU)…
Nigeria Calls for Support of Proposed Global Tax Convention
Nigeria has urged Member States to back the proposed resolution for a global Tax Convention aimed at establishing…
Nigerian Financial Stocks See Consecutive Gains
The Nigerian Exchange Limited experienced its second consecutive day of gains, driven by investor interest in…
Foreign Investors Expected to Shy Away from Nigeria in 2024 Due to Economic…
According to experts at the 2023 African Economic and Capital Markets Conference, foreign investors may continue…
Former Minister Accuses Diesel Suppliers and Generator Dealers of Sabotaging Power…
Barth Nnaji, a former minister of power in Nigeria, has alleged that diesel suppliers and generator dealers are…
Naira Strengthens at Official Market, But Hits All-Time Low of N1,100/$ in…
The naira experienced a 6.77 percent gain against the dollar at the official market, despite decreased liquidity.…
Nigeria’s Inflation Trends and Factors Driving Them
Nigeria's inflation rate has continued to rise, reaching 26.72% in September, with food inflation hitting a record…
Nigeria’s Emergence as a Hub for Pharmaceutical Manufacturing
Nigeria is poised to become a hub for Active Pharmaceutical Ingredients (API) manufacturing by early 2024, thanks…
Nigerian Farmers Express Frustration over Lack of Progress Following Food Security…
Despite President Bola Tinubu's declaration of a state of emergency on food security in July, farmers in Nigeria…
High Ship Berthing Costs in Nigeria Contribute to Soaring Petrol Prices
The cost of berthing a petrol-laden ship in Nigeria is substantially higher compared to its West African…
Food Inflation Crisis Worsens in Nigeria, Straining Households
Nigeria's food inflation has been on an upward trajectory since August 2019, accelerating further after the…
Naira Devaluation Spurs Export Demand, Eases Foreign Exchange Pressure on…
Nigeria's recent naira devaluation, while negatively impacting production capacity in the manufacturing sector,…
Nigerian Electricity Demand Projected to Reach 45,662 Megawatts by 2030, Exceeding…
The Nigerian Electricity Regulatory Commission (NERC) has stated that electricity demand in Nigeria is expected to…
Nigerian Ministers to Undergo Quarterly Performance Assessments Starting 2024
The Federal Government of Nigeria has announced plans to commence quarterly assessments of the performance of its…
Nigeria Boasts Over 100 Operational Mini-Electricity Grids, a Major Market in…
Nigeria is currently one of the largest mini-grid markets in Africa with over 100 operational mini-electricity…
Lagos Blue Rail Resumes Passenger Operations with Increased Trips
The Lagos Metropolitan Area Transport Authority (LAMATA) has announced the resumption of passenger operations on…
Naira Stabilization: IMF Encourages Nigeria to Consider Loan Options
The International Monetary Fund (IMF) has addressed the pressure on the Nigerian naira and indicated that Nigeria…
Soaring Power Costs Hit Nigerian Businesses, Posing Threat to Productivity
Rising power costs are posing a significant challenge to businesses in Nigeria, impacting their operations and…