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An expert emphasizes the need for greater investment in solar energy research to improve Nigeria's power supply. This initiative is also seen as a way to foster youth development and accelerate the transition to renewable energy.
Bitcoin has fallen below $60,000 for the first time since October 2024, marking a significant decline. This drop comes after a period of record highs following Donald Trump's election.
The eurozone economy unexpectedly contracted in the first quarter, primarily due to a significant decline in Ireland's GDP. This downturn highlights ongoing issues linked to the accounting practices of multinationals in Ireland.
Across Nigeria, thousands of young people are eager to participate in the digital economy, build technology solutions, and contribute to read more SATH Foundation targets youth innovation with new initiative
Oghenevwede Ohwovoroile in Abuja An author, Chuka Modebe, has stated that Nigeria’s problem is not corruption but system failure. He stated this at the launch of his book ‘It Starts with
Nigeria is garnering significant interest from investors and development finance institutions for refinancing and funding projects. The finance minister highlighted the influx of investment and loan proposals aimed at boosting the economy.
Nigeria is looking to refinance its debt and secure new funding to support development projects. This initiative comes as investor confidence improves and crude oil prices rise.
Nigeria has emerged as the fifth-best performing country in Africa in the 2026 edition of the Africa Performance Index compiled read more Nigeria ranks fifth among Africa’s best-performing countries in 2026
While major cities account for over 70 percent of quality hotel offerings in the country, hope seems to rise for read more Hotel developers, brands target secondary cities, mid-scale offerings in market shift
Lagos workers are calling for proper consultation and economic considerations regarding the proposed N100,000 minimum wage. They emphasize the importance of a tripartite approach in the wage renegotiation process.
The Nigerian naira showed stability against the US dollar in both official and parallel markets. Traders are closely watching liquidity and demand factors influencing the exchange rate.
Investing in farmers is crucial for addressing food security and climate action in West Africa. Farmers play a key role in interpreting nature's signals for agricultural insights.
Jumia CEO Francis Dufay believes Nigeria's economic adjustments are creating a more favorable business environment. He emphasized the country's position as a center of reform and growth during a panel discussion in New York.
By Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria (CBN) has issued fresh Foreign Exchange Guidelines which provides that an individual can move cash of up to $50,000, but must be declared at the point of exit. The bank also retained the earlier provision for the...
Alex Enumah in Abuja Mr. Abubakar Sulu-Gambari, SAN, was on wednesday in his office, slammed with contempt of court notices, following what has been described as a brazen and calculated
Nigeria faces a 27.5% tariff from the US due to concerns over forced labor regulations. This impacts Nigeria's trade relationships and economic stability.
Nigerian families and small businesses are increasingly adopting microinsurance solutions due to rising inflation. This shift is transforming the retail insurance landscape in the country.
• Oyedele says market conditions right for planned move •US may slam additional 12.5% tariff on Nigerian exports Emmanuel Addeh in Abuja Nigeria is considering refinancing some of its expensive
The Federal Government and World Bank have provided investment funds to empower 25,000 women in Ekiti. This initiative aims to boost businesses and stimulate economic growth in the state.
Federal government debt repayments exceeded the budget allocation by N1.90 trillion in the first nine months of 2025. This has resulted in debt repayments consuming 67% of the government's revenue.
Investment in Nigeria's telecom sector has dropped to its lowest level in four years, despite recent tariff increases. This decline raises concerns about the factors driving foreign investors away from the market.
Oil prices have decreased significantly due to easing tensions in the Middle East, raising hopes for a ceasefire. This development could lead to the reopening of the Strait of Hormuz, impacting global oil supply.
The Federal Government awarded the Africa Quality Mark to 131 Nigerian firms, boosting trade opportunities across Africa. This initiative supports industrial expansion and export growth for made-in-Nigeria products.
There are renewed calls for the implementation of a new minimum wage in Nigeria following International Workers' Day celebrations. Workers express frustration over the disparity between political promises and their economic realities.
The CBN has increased the foreign exchange remittance limit for Nigerian students’ tuition abroad to $25,000 per semester. Find out what this means for you
Ecobank shareholders approve a $40m dividend for the 2025 financial year, marking the first payout since 2022 after record profit before tax of $801m.
Discover the incredible digital strategy and tireless dedication of Pastor William Folorunsho Kumuyi as he turns 85, inspiring a new generation.
Economists are expressing concerns regarding the timing and accountability of Oyo's N200 billion bond issuance. Governor Makinde is seeking approval to refinance loans amidst worries about election-related spending.
Africa's payment sector is experiencing significant growth, but this surge is revealing critical regulatory and infrastructure challenges. The tension between innovation and regulation is becoming increasingly evident.
The Manufacturers Association of Nigeria (MAN) believes that implementing Naira-for-Crude and tax reforms could significantly revitalize the country's manufacturing sector. These measures are seen as crucial for driving industrial recovery in Nigeria.