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Lagos residents are struggling with low purchasing power, which affects their ability to buy food despite recent price drops. High transport costs are further straining their budgets.
Nigerian Port Authority pensioners are expressing dissatisfaction over receiving only N30,000 monthly despite their years of service. The President of their association, Charles Binitie, highlighted the ongoing struggles faced by retired workers under the old pension scheme.
Charles Binitie, President of NPAPWA, highlights that some pensioners receive only N30,000 monthly despite long service. This raises concerns about the adequacy of the pension scheme for retired workers.
VP Shettima addressed concerns raised by the Moniepoint CEO regarding the skills gap among Nigerian job applicants. He emphasized the need for improved training and education to meet global standards.
The ongoing Iran-US conflict is impacting global energy prices, with oil reaching $120 per barrel. This situation is affecting fuel costs even in distant locations like Abuja, Nigeria.
Nigeria's Office of the Accountant General of the Federation clarified that the six-month ultimatum to the World Bank pertains to loans, not grants. This clarification aims to ensure transparency regarding the financial arrangements with the World Bank.
Tinubu's onshore asset transfer has led to significant production growth in Nigeria's oil sector. This move has alleviated concerns from international oil companies about exiting onshore and shallow-water assets.
Nigeria's banking sector saw a significant boost as the combined shareholders' funds of five major banks exceeded N20 trillion. This growth is attributed to the Central Bank of Nigeria's recapitalisation efforts.
Nigeria has introduced the Green Finance and Investment Facility to address its electricity crisis. This new financing model aims to transform the country's energy deficit into a viable investment opportunity.
The federal government's settlement with Bi-Courtney ends nearly two decades of legal disputes. This development is expected to encourage private investment in Nigeria's aviation sector.
The responsibility for bad loans in Nigerian banks is attributed to directors and shareholders, not the Central Bank of Nigeria. Calls for their dismissal are growing amidst concerns over suspended dividends.
The US imported $578 million worth of Nigerian crude oil in the first quarter of 2026, marking a 15% decrease from the previous year. This decline is attributed to various factors affecting trade dynamics.
Guinness Nigeria Plc reports a 48% rise in profit after tax to N10.39bn, driven by operational efficiency, a new strategy, and localized decision-making.
Nigerian oil producers have offered 58.8 million barrels of crude to local refineries for Q2 2026, surpassing the required allocations. This move aims to boost domestic refining capacity and reduce reliance on imported fuel.
There is a growing demand for the Central Bank of Nigeria to enhance regulatory measures against unresolved frauds and irregularities affecting bank customers. These issues include unauthorized transactions and excessive charges by financial institutions.
Nigeria is likely to maintain its interest rates despite potential inflation risks due to increased oil revenues. The rise in crude prices is expected to further boost the country's money supply in the coming months.
Samsung has mastered the art of the "battery beast," particularly in its budget-friendly A-series and M-series lineups. The post 10 low-budget Samsung phones with the best battery life appeared first on Vanguard News.
Global food prices have reached a three-year high due to the ongoing conflict in Iran. This surge is raising concerns about food security worldwide.
The price of original Oron crayfish has surged to over N15,000, impacting household budgets in Lagos. Traders are expressing concern over the rising costs and their effects on consumers.
The Renewed Hope Agenda aims to transform Nigeria from an arbitrage economy to a productive one. Its success hinges on macroeconomic indicators and infrastructure projects.
The Trade Union Congress is advocating for a subsidy for Dangote and modular refineries to help lower fuel prices in Nigeria. They suggest using excess oil revenue to support this initiative.
Sunday Okobi The Islamic Development Bank (IsDB) has raised US$ 1 billion through a benchmark Sukuk issuance in the capital markets. They stated that after several weeks of closely monitoring
Many Nigerians are unaware of hidden taxes impacting their earnings and savings. This article sheds light on these financial burdens that often go unnoticed.
Trump Media & Technology Group (TMTG) reported revenue of less than $1 million for the three months ending March 31, according to a company filing. The post Parent company of Trump’s Truth Social reports $400m loss appeared first on Vanguard News.
The naira strengthened against the dollar this week, buoyed by a weekly foreign exchange turnover of $1.98 billion. This improvement reflects positive trends in Nigeria's FX market.
Nigeria is the world's largest producer of cassava, positioning itself for significant export opportunities. The country aims to tap into a $1 billion market for cassava derivatives.
A private sector initiative in Imobi, Ogun State has successfully recorded a major harvest, signaling a potential revival of Nigeria's cotton, textile, and garment industry. Stakeholders are optimistic about the future of this value chain.
There is increasing outrage over the MoU between NNPC Limited and two Chinese firms for refinery rehabilitation. Critics argue that the partnership offers nothing beneficial for Nigeria's refineries.
Nigerian FMCG firms are seeing increased profits despite a decline in consumer spending power. This situation is leading companies to offer products on credit to maintain sales.
The NMDPRA has resumed issuing fuel import permits, allowing six firms to deliver a total of 600,000 metric tons. This move is expected to attract fresh investments into Nigeria's oil sector amidst rising oil prices.