Nigeria's Economic Woes in Cartoon
A cartoon highlights Nigeria's economic struggles, including inflation and unemployment, reflecting public sentiment on current hardships.
Category : Business
Retail Investors Seek Dangote Refinery IPO Allocation
Nigerian retail shareholders call for dedicated IPO allocation at Dangote Refinery, warning against institutional dominance and urging SEC and NGX to ensure public participation.
152,000 Retirees to Get Free Healthcare Under Annuity Scheme
The Federal Government plans to extend free healthcare to 152,000 retirees under the retiree life annuity scheme, enhancing social protection for pensioners.
CPPE Warns Against Blanket Import Liberalisation
CPPE warns that unbridled import liberalisation could harm Nigeria's industrial development, urging protection of domestic production over import dependence.
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Naira Weakens to N1,375.5/$ as Reserves Hit $48.72b
Naira depreciates 0.32% to N1,375.46/$ despite external reserves rising to $48.72bn. Parallel market also weakens. Analysts expect continued pressure.
MPC Holds Rate at 26.5%: Implications for Nigeria's Economy
The MPC left the monetary policy rate unchanged at 26.5%, citing caution amid renewed inflation. Analysts debate the decision's impact on growth, exchange rate, and banking resilience.
Nigeria, RwandAir Partner to Expand Export Routes Under AfCFTA
Nigeria partners with RwandAir to expand AfCFTA air cargo corridor to Kigali, Harare, and Lusaka, reducing export costs to under $2 per kilogram.
Africa's 2.8B Population by 2060: Socioeconomic Crisis Looms
Former Edo Governor Godwin Obaseki warns that Africa's projected 2.82 billion population by 2060 may cause a severe socioeconomic crisis unless education and employment systems are rethought.
Duty Cuts: Limits of Cheaper Imports on Economy's Sustenance
Nigeria's duty cuts on essential goods offer short-term relief but risk undermining local production and long-term economic transformation, exposing policy contradictions.
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Anatomy of Reform 8: Local Production and Import Substitution
Analysis of Nigeria's industrial localisation under Tinubunomics, using currency devaluation to force import substitution, and the challenges of energy costs and capital goods.
Nigerian Navy Pledges Resilient Tech-Driven Operations
The Nigerian Navy vows to enhance adaptability and technology in protecting maritime assets, as stated by CNS Vice Admiral Idi Abbas during the 70th anniversary interdenominational service.
NCC Sets New Rules for Virtual Network Operators
The NCC has released updated business rules for MVNOs, covering integration, revenue sharing, and consumer protection to boost competition and service quality.
Niger State Woos Dangote for Bida Basin Oil
Niger State government calls on Dangote Group and private investors to explore crude oil in Bida Basin, offering a JV-PPP model with minimal state stake.
Rising demand fuels unregulated mining in Nigeria
Unlicensed sand, granite, and laterite mining surges across Nigeria due to construction boom, causing erosion, biodiversity loss, and infrastructure damage, experts warn.
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Cooking Gas Price Hits N1,500/kg, Crisis Worsens
The Nigerian Association of Liquefied Petroleum Gas Marketers warns that cooking gas now sells above N1,500 per kg, threatening clean energy progress and burdening households.
UN, NCF Call for Urgent Action on Biodiversity Loss
The UN and Nigeria Conservation Foundation urge accelerated action to reverse biodiversity loss, warning of climate change, pollution, and exploitation threatening nature and livelihoods.
Stakeholders Seek Regulation of Aesthetic Medicine Industry
Stakeholders call for stronger regulation and training in Nigeria's aesthetic medicine sector to ensure patient safety and reduce medical tourism outflows.
Stakeholders Urge Developers to Explore Lagos Mainland
Stakeholders call on property developers to invest in Lagos Mainland real estate, focusing on student housing and mixed-use projects, while urging government to reduce approval costs and prevent displacement.
Firm Urges Property Market Reforms to Tackle Bureaucracy
Messrs Ubosi Eleh and Company calls for urgent property market reforms in Nigeria, citing poor land documentation, weak regulation, and limited data access as key constraints.
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NCAA Bars Air Peace, Ibom Air, ValueJet, 8 Others
The NCAA has barred 11 Nigerian airlines, including Air Peace and Ibom Air, from regulatory services over alleged debts, sparking industry concerns.
Christ Embassy Launches Major Kenya Feeding Initiative
Christ Embassy announces a major feeding initiative in Kenya, aiming to reach up to five million people weekly by end of 2026 to combat food insecurity.
Insurer Paid N7 Billion Claims in 2025
Nigerians received over N7 billion in claims from emPLE in 2025, covering life and general insurance, amid economic pressures. CEO reaffirms commitment to policyholders.
NAHCON Urges Dialogue Over Hajj Service Concerns in Mina
NAHCON responds to concerns over substandard mattresses and tight spaces in Mina, urging constructive engagement among stakeholders to resolve issues before pilgrims arrive.
Okpebholo Names Igbadumhe Livestock Adviser in Edo
Edo Governor Monday Okpebholo appoints Roland Igbadumhe as Special Adviser on Livestock Development, aiming to boost agriculture and empower young leaders in the state.
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NGX Weekly: Investors Lose N370bn as Market Closes Negative
Nigerian Exchange closed lower with All-Share Index down 0.25%, market cap at N160.08 trillion. Financial stocks dominated trading. 38 gainers, 55 losers.
FG Reaffirms Commitment to Inclusive Development, Housing
The Federal Government reaffirms commitment to inclusive development and sustainable housing, emphasizing cooperative housing models for affordable housing access.
Naira Slips N3.15 Against US Dollar in Official Market
The naira weakened slightly against the US dollar in the official market, closing at N1,375.46/$1. It also fell against the pound and euro. Analysts expect continued CBN intervention.
EU, ActionAid Unveil $2.5m Social Protection Project in Nigeria
The EU and ActionAid Nigeria have launched a $2.5 million project to strengthen social protection systems in 96 local government areas across four states, targeting 126,000 people.
Navy Vows Adaptable, Resilient, Tech-Based Operations
The Nigerian Navy commits to adaptability, resilience, and technology in maritime security, as CNS Idi Abbas speaks at 70th anniversary interdenominational service in Calabar.
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FRSC Urges Patience on Abuja–Kaduna Highway for Eid-el-Kabir
FRSC advises motorists to remain patient on the Abuja–Kaduna Highway due to Eid-el-Kabir congestion and road construction. Alternative routes and nationwide patrols with 30,000 personnel deployed.
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