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Vice President Kashim Shettima highlighted the crucial role of employers in shaping government economic strategies. He assured that the Federal Government is dedicated to improving the business environment by reducing operational bottlenecks.
eTranzact has expanded its financial inclusion initiative, PocketMoni, in Ogun State by onboarding over 1,000 agents. This move aims to enhance financial accessibility across communities in the Obafemi Owode Local Government Area.
Domestic airfares in Nigeria increased by 20.8% year-on-year, reaching N157,552 in May 2026. This rise reflects broader trends in transportation costs as reported by the National Bureau of Statistics.
The cost of a healthy diet in Nigeria has risen by 3.12% to N1,589 per adult per day. This increase was reported by the National Bureau of Statistics for the month of April 2026.
Nigeria's government is struggling to finance its ambitious development plans. The future of the country's growth now relies on attracting private investment.
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Japan is prepared to intervene in the currency market as the yen hits its lowest value in four decades. This decline is attributed to ongoing geopolitical tensions and differing interest rates between the US and Japan.
The Nigerian naira began trading at an official exchange rate of ₦1,379.80 per United States dollar at the Nigerian Foreign Exchange Market (NFEM) on Tuesday, June 30, 2026, according to the latest available market data. The post Dollar to Naira exchange rate today, June 30, 20...
US-Iran talks in doubt as both sides deny planned Doha meeting Fresh uncertainty has emerged over efforts to end the read more WORLD IN BRIEF: German shelter shooting kills six, DR Congo bans mass gatherings, Ethiopia seals $1bn debt restructuring deal and other stories
The Naira has depreciated to N1,395 per dollar in the parallel market, down from N1,386. This decline reflects ongoing challenges in Nigeria's currency exchange dynamics.
Nigeria's oil drilling activity is showing signs of recovery, which is promising for the economy. However, this resurgence must be managed carefully to ensure sustainable growth.
Nigeria has successfully withdrawn $1.5 billion from a financing arrangement with the UAE to help lower borrowing costs. This move is part of a larger $5 billion financing strategy aimed at improving the country's economic situation.
The article discusses the ongoing debate in South Africa regarding the role of immigrants in the country's economic challenges, including high unemployment and crime rates. It highlights the frustrations of citizens as they seek solutions to these pressing issues.
Dangote Refinery has made a historic move by importing 2 million barrels of Libyan crude oil due to local supply shortages. This development highlights the ongoing challenges in Nigeria's domestic oil production.
Nigeria's consumer credit has decreased by N780 billion in February 2026, attributed to high borrowing costs. This decline occurred despite signs of improving economic conditions.
Nigerian employers are calling for a reassessment of federal government economic reforms due to rising energy costs and inflation. They argue that these factors, along with multiple taxes, are significantly affecting businesses, particularly MSMEs.
IHS Nigeria has successfully trained 100 young people in Cross River in various skills, including solar and electrical work. This initiative aims to promote self-employment and boost the local economy.
Global air cargo demand rose by 6% in May 2026, demonstrating adaptability amidst geopolitical tensions. The industry continues to adjust to changing trade patterns effectively.
Cooking gas prices are decreasing in Nigeria thanks to better supply levels. Households can expect relief as depot prices soften.
Bennett Oghifo Ten years ago, the idea seemed ambitious, if not improbable. Nigeria’s retail landscape was dominated by traditional open markets, informal neighbourhood stores, and a handful of large supermarket
Bennett Oghifo Communities in Bayelsa State are increasingly experiencing the realities of climate change, from shifting rainfall patterns to declining soil productivity and pressure on forest ecosystems. In response, the
Kayode Tokede The domestic stock market opened the week on a negative note, as profit-taking in MTN Nigeria Communications (MTNN) Plc and 44 others caused the overall capitalization to close
Emmanuel Addeh in Abuja Nigerians continued to contend with elevated energy costs in May as the prices of the country’s three major fuels remained substantially higher than they were a
Philip Mshelbila, Secretary General of the GECF, forecasts stabilization in global natural gas markets by the third quarter. This prediction is seen as a positive sign for the energy sector.
Residents of Okoritak in Akwa Ibom rely on contaminated water from an oil well despite the presence of nine oil assets. This situation raises concerns about the impact of oil wealth on local development.
The NADF has launched the Fertilizer Intervention Support Program (FISP) in the South-South region, providing free fertilizer to over 20,160 smallholder farmers. This initiative aims to enhance agricultural productivity in Edo, Cross River, and neighboring states.
A Lagos bus conductor allegedly stabbed a LASTMA officer during a routine enforcement at Ile-Epo Market. The conductor was apprehended and faces prosecutio
The naira on Monday remained under mild pressure against the dollar in the official foreign exchange (FX) market despite improving read more Naira cools further despite higher FX interbank liquidity, rising reserves
Prof. Uche Uwaleke advises the CBN to gradually ease interest rates and revive development finance to boost investment, business expansion, and job creatio
Senator Kashim Shettima praised President Bola Tinubu for making tough economic decisions. He emphasized that successful economies are built on foresight and the courage to implement necessary reforms.