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The naira weakened slightly against the dollar as turnover in the official foreign exchange market dropped by nearly 47%. This decline indicates ongoing challenges in Nigeria's currency stability.
Eid shoppers in Ivory Coast are facing high sheep prices due to supply disruptions from neighboring Sahel countries. Bans and conflict have significantly impacted the availability of sheep for the festivities.
The National Bureau of Statistics reports that the average cost of a healthy diet in Nigeria rose to N1,513 per day in February. This marks a 3.76% increase from January, indicating rising food costs.
The National Bureau of Statistics reported that the average cost of a healthy diet in Nigeria was N1,513 per adult per day in February. This figure highlights the financial challenges many Nigerians face in maintaining a nutritious diet.
Nigerian farmers are facing significant challenges due to climate change, leading to reduced crop sales and quality. Many are struggling to sell their produce, which has drastically affected their livelihoods.
Dr. Abubakar Dantsoho, the Managing Director of the Nigerian Ports Authority, has highlighted outdated port infrastructure as a significant barrier to efficient maritime operations in West and Central Africa. His remarks underscore the urgent need for modernization in the region's port facilities.
The cost of maintaining a healthy diet in Nigeria has increased to N1,513 per adult per day as of February 2026. This marks a 3.76% rise, highlighting ongoing food inflation challenges in the country.
NNPC has accused Dangote Refinery of attempting to monopolize fuel import licenses, warning that legal action could threaten energy security. The dispute highlights ongoing tensions in Nigeria's oil sector.
Temi Popoola, CEO of Nigerian Exchange Group, has called for better integration of the capital market into the Central Bank of Nigeria's monetary policy framework. This move aims to enhance financial stability and growth in Nigeria's economy.
The President of AFBTE, Chinedum Okereke, has highlighted that Nigeria's high interest rates are severely impacting businesses. He emphasized that despite a recorded growth, the financial burden remains a significant challenge for the sector.
A report suggests that increased AI adoption could add $22 billion to Nigeria's GDP by 2035. The government is collaborating with Meta to launch an AI chatbot aimed at enhancing governance and service delivery.
Edo State Governor, Monday Okpebholo, has provided working capital to 637 beneficiaries of the LIFE-ND agribusiness project. This initiative aims to enhance youth empowerment in the region.
Nigeria's National Single Window portal has successfully processed over 39,000 trade applications in just eight weeks. This reflects an increasing dependence on the platform for trade facilitation.
Kayode Fayemi has urged African leaders to embed tourism into their economic development strategies. He emphasizes the need for sustainable tourism policies that transcend electoral cycles.
Nigeria's poultry industry is in crisis due to soaring feed and chick costs, making eggs and chicken unaffordable for many. This situation poses a significant threat to the country's food security.
The Naira has appreciated to N1,376 per dollar in the parallel market, matching the official market rate. This is an improvement from the previous rate of N1,387 per dollar.
NNPC has accused Dangote Refinery of attempting to establish a fuel monopoly, which could jeopardize Nigeria's energy security. The oil corporation warns that this move may lead to supply disruptions and price instability.
Lagos State Government achieved a total revenue of ₦2.6 trillion in 2025, with Internally Generated Revenue (IGR) reaching ₦1.87 trillion. This marks a significant financial milestone for the state.
Ram prices in Kano have reached N700,000, but sellers are facing low patronage ahead of Eid-el-Kabir. This situation has raised concerns among the sellers despite a high supply of livestock.
One Acre Fund Nigeria has launched a program to provide credit support to 88,000 smallholder farmers in Nasarawa, Niger, Kwara, and Plateau states. This initiative aims to enhance agricultural yields and improve the livelihoods of local farmers.