Live intelligence from 10+ verified Nigerian and UK sources
President Trump announced plans to increase tariffs on EU cars and trucks to 25%. This decision is based on the EU's failure to comply with a trade agreement.
Oil prices have seen a decline, briefly dropping below $100 per barrel. This comes as Iran suggests new talks with the US, impacting market sentiments.
Sir Gabriel Obi highlights ongoing issues with delays and multiple alerts in cargo clearance, which he believes are hampering the cargo scanning process. He warns that these challenges could negatively impact the efficiency of import operations in Nigeria.
The Strait of Hormuz is currently a focal point in global news due to its strategic importance. Discussions around it highlight its role as a critical geographical choke point for maritime trade.
Oil prices initially dropped due to Iran's talks proposal but later recovered, remaining above $100 a barrel. This fluctuation reflects ongoing geopolitical tensions in the Middle East.
Lagos State Governor Babajide Sanwo-Olu has approved a N50,000 welfare package for workers in May to alleviate economic hardship. This initiative aims to support the workforce during challenging times.
Trump has announced a potential increase in tariffs on EU cars and trucks to 25%, which could impact trade relations. This move follows a previous agreement that capped tariffs at 15%.
President Trump announced plans to increase tariffs on EU cars and trucks to 25%, citing non-compliance with a trade deal. This move could impact international trade relations significantly.
The naira has shown a slight improvement as foreign exchange liquidity reached $10 billion in April. This increase in liquidity is attributed to a 28.61% rise in trade deals.
Concerns are rising in the oil region regarding the inadequate remittance of obligations by oil companies to the Niger Delta Development Commission (NDDC). Stakeholders are calling for improved compliance to support regional development.
On International Workers' Day, Nigerian workers expressed deep concerns over insecurity and rising inflation. Labour leaders warned that these issues are contributing to worsening hardships for the workforce.
Nigeria's organized labor has rejected claims of economic growth, asserting that only a small percentage of the population benefits while millions suffer. They warn of a collapsing social contract and a failing economy, highlighting the urgent need for change.
Nigeria has reaffirmed its dedication to OPEC and OPEC+ in efforts to ensure stability in the global oil market. This commitment highlights Nigeria's role in the international oil community.
Nigerians are increasingly turning to pre-owned goods due to the rising cost of living, with demand surging by 97 percent. This shift reflects the financial pressures faced by households across the country.
Osifo argues that a ₦1 million minimum wage won't improve workers' purchasing power without addressing the value of the Naira. He emphasizes the need for simultaneous action on both fronts for meaningful change.
Peter Obi is advocating for a review of Nigeria's wage structure due to increasing inflation and economic challenges. He emphasizes the need for comprehensive economic reforms to support workers.
Abia State Government is set to launch a campaign to promote locally made products from Aba. This initiative aims to create 10,000 jobs through the Fashion Future Programme.
African workers are voicing their concerns over increasing inequality and economic challenges during this year's May Day celebrations. The International Trade Union Confederation highlights the issue of elite control and the impact on workers' rights.
The Lagos Chamber of Commerce and Industry urges the federal government to enhance fiscal management. They highlight weak budget execution and delays in fund releases as significant economic challenges.
Nigeria faces a critical issue with counterfeit products, leading to health risks and economic losses. Urgent action is needed to protect consumers and legitimate businesses from these dangers.
Nigerian workers are struggling with stagnant wages, earning significantly less than their peers in other countries. The national minimum wage remains at N70,000, which is insufficient for many families.
Oil prices have surged to $126 per barrel, marking the highest level since 2022. This increase follows reports of the US military preparing to brief President Donald Trump on new strategies regarding Iran.
NNPC has completed the River Niger crossing for the OB3 gas pipeline, which is expected to enhance gas supply and power generation. This project aims to help Nigeria achieve its target of 12 billion standard cubic feet per day by 2030.
The Niger Delta is poised to attract new investments, potentially transforming its economy and providing opportunities for local communities. This shift could turn the region from a security hotspot into a hub for economic growth.
The Federal Executive Council has approved $2.99 billion for light rail projects in Lagos, Kaduna, and Kano to enhance the economy. This decision also resolves a long-standing dispute related to the MM2 airport terminal.
Nigeria's revenue from the solid minerals sector has increased, reaching approximately N68.1 billion in 2025. Stakeholders are advocating for the expansion of cooperatives to further boost this sector.
The Centre for the Promotion of Private Enterprise (CPPE) is advocating for a shift in Nigeria's labor advocacy towards a more comprehensive approach to workers' welfare. This change aims to enhance the overall well-being of employees beyond just wages.
Olayemi Cardoso, Governor of the Central Bank of Nigeria, announced new risk-based capital rules aimed at enhancing bank stability and restoring investor confidence. Directors are urged to focus on consolidation and rebuilding trust in the banking sector.
President Bola Tinubu has declared Nigeria a prime investment destination despite its challenges. He emphasized the country's potential to attract investors.
The article critiques the notion that removing petrol subsidies will create a fiscal windfall for Nigeria. It argues that this perspective is fundamentally flawed and overlooks the complexities of the country's economic situation.