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Sanwo-Olu greenlights dredging of 28 drainage channels
Government policy
1 sources

Sanwo-Olu greenlights dredging of 28 drainage channels

Sanwo-Olu has approved the dredging of 28 drainage channels to improve flood management in Lagos. This initiative aims to address the heavy rainfall impacts that have affected various regions, including other African countries and parts of North America.

Current Dollar to Naira exchange rate as of July 1, 2026
Economy
1 sources

Current Dollar to Naira exchange rate as of July 1, 2026

The Nigerian naira showed stability against the US dollar on July 1, 2026, with a narrow gap between official and parallel markets. This indicates a balanced foreign exchange environment in the country.

World Bank Plans to End Lending to China by 2031
Economy
1 sources

World Bank Plans to End Lending to China by 2031

The World Bank plans to end its lending to China by 2031, following pressure from the US government. This decision reflects a shift in global economic strategies and relationships.

World Bank plans to cease loans to China by 2031
Economy
2 sources

World Bank plans to cease loans to China by 2031

The World Bank will stop lending to China by 2031, transitioning to a role focused on knowledge partnership. This marks a significant shift in the financial relationship between the two entities.

Nigeria must confront the looming crisis of its pension system
Economy
1 sources

Nigeria must confront the looming crisis of its pension system

Nigeria faces a critical challenge with its pension system, as many retirees like Emeka are left with inadequate funds after years of service. This looming crisis demands urgent attention to ensure financial security for future retirees.

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