US Treasury Accepts PayPal Donations for $39 Trillion Debt
The US Treasury now allows PayPal and Venmo donations to reduce the $39 trillion national debt. Monthly contributions average $120,000, a tiny fraction of interest payments.
Category : Economy
Dangote Refinery Expansion to Create 95,000 Skilled Jobs
Aliko Dangote announces that the Dangote Refinery expansion to 1.4 million bpd will employ 95,000 skilled workers, boosting Nigeria's industrial transformation.
Cardoso: Single-Digit Inflation Target Remains Achievable
CBN Governor Olayemi Cardoso says Nigeria will achieve single-digit inflation despite a marginal rise to 15.38% in March, citing reform resilience and investor confidence.
Revenue Anchor, Digitisation, End of Rentier State
Nigeria's Tinubunomics shifts to revenue digitisation and tax harmonisation, aiming to end the rentier state model and boost fiscal sustainability.
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Naira Depreciates 1.09% as Reserves Drop to $48.48B
The naira fell 1.09% to N1,358.44 per dollar as Nigeria's external reserves declined to $48.48 billion, raising currency stability concerns.
Africa Energy Transition: Experts Demand Policy, Financing Reforms
Experts at the launch of Dr. Cheryl Ikejiaku's book on financing Africa's energy transition call for policy reforms and innovative financing models to achieve SDG 7.
Niger vs Nigeria: 5 Key Differences You Need to Know
Discover the major differences between Niger and Nigeria, including colonial history, language, culture, population, and economy. Learn why they are often confused.
Naira Hits 3-Week Low Against Dollar Amid FX Shortage
The Nigerian naira fell to its weakest level in three weeks against the US dollar, driven by strong demand and limited forex supply across official and parallel markets.
Stakeholders Call for Balanced Mambilla Project Debate
Concerned Taraba stakeholders call for historical context in the Mambilla Hydroelectric Project debate, cautioning against blaming former Minister Sale Mamman alone.
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Nigeria, South Africa Urged to Deepen Economic Ties
Stakeholders call for stronger economic cooperation between Nigeria and South Africa to boost investment and accelerate AfCFTA implementation for Africa's growth.
Bread Prices to Rise in Nigeria Over Global Wheat Woes
Rising global wheat prices, US drought, and import costs are pushing bread prices higher in Nigeria, forcing bakeries to increase prices or reduce loaf sizes.
Why Seychelles Is Africa's Richest Country in 2026
Seychelles ranks as Africa's richest nation in 2026 due to high GDP per capita, strong tourism, small population, and robust social welfare, offering lessons in development.
Transcorp Power Q1 Revenue N95bn, Profit N39.6bn
Transcorp Power Plc reports N94.59bn revenue and N39.59bn profit before tax in Q1 2026, despite gas constraints and vandalism affecting Nigeria's power sector.
Naira Mixed: Black Market Gains, Official Window Slips
Nigerian naira gains in parallel market but weakens at official window. FX activity drops sharply as analysts cite liquidity challenges and external debt pressures.
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IMF Reveals Africa’s Most Debt-Exposed Nations in 2026
Nigeria is absent from the IMF's 2026 list of Africa's top ten debt-exposed nations, while Egypt, Kenya, and Ghana lead with billions in outstanding obligations.
Oyedele warns against abrupt policy reversal
Finance Minister Taiwo Oyedele assures investors of reform continuity, warns against abrupt policy reversals, and outlines priorities for measurable growth.
FG rallies PPPs for trillion-dollar economy goal
Vice President Kashim Shettima calls for aggressive public-private partnerships to unlock national assets and attract global capital for Nigeria's economic development.
Northern Leaders Applaud Dangote's Time 2026 Mention
Business leaders across Northern Nigeria praise Aliko Dangote for being the only Nigerian on Time's 2026 list of 100 most influential people, highlighting his economic and philanthropic impact.
Rhetoric, Numbers, and Reality in Poverty Statistics
A professor critiques an article on Nigeria's poverty statistics, arguing that reforms cause short-term hardship but are necessary for long-term stability and growth.
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Cartoon: Nigeria's Economic Struggles and Daily Life
A cartoon highlighting the harsh economic realities faced by Nigerians, including inflation, unemployment, and the struggle to make ends meet.
Bayelsa Gas Project: Mienye Demands Accountability Over Delay
Dr Domor Mienye, APGA governorship aspirant, calls for accountability as Bayelsa's 60MW gas turbine fails to supply power after commissioning, urging a shift from symbolic projects to functional infrastructure.
FAAC Shares N2.03 Trillion March Revenue to FG, States, LGs
FAAC distributed N2.03 trillion for March 2026. FG got N789.15bn, states N657.59bn, LGs N468.82bn. Statutory and VAT revenues shared.
Man Buys 6kVA Solar Inverter After 1-Minute Daily Power, Shares Cost
A young Nigerian man bought a 6kVA solar inverter and 16kWh battery after experiencing just one minute of electricity per day. He shared the total cost online.
Lagos Positions for Resilient Growth at World Ahead 2026
Governor Sanwo-Olu outlines Lagos' strategy for sustainable growth, innovation, and climate resilience at The World Ahead 2026 conference in Lagos.
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Nigeria Targets $500B Milestone at Abuja Investment Summit
Nigeria aims for $500 billion in investment commitments at the World Investment Summit Abuja 2026, a key step toward its $1 trillion economy goal under the Renewed Hope Agenda.
Nigeria Advances ISSB Adoption to Boost Investor Confidence
Nigeria pushes ISSB adoption to close $31.5bn SDG gap. Workshop by IIF and CRA focuses on capacity building for sustainability reporting.
NEPZA CEO Ogunyemi's Reforms Boost Nigeria's Economic Growth
Dr. Olufemi Ogunyemi, CEO of NEPZA, has led transformative reforms over two years, digitizing operations and expanding free trade zones to attract investments and create jobs, aligning with President Tinubu's economic agenda.
Naira Gains in Official and Black Markets as Dollar Supply Rises
The Nigerian naira appreciates to N1,348 per dollar in the official market and N1,395 in the parallel market, driven by improved dollar supply and Central Bank interventions, despite global oil price volatility from US-Iran tensions.
Afreximbank's Third AfCFTA Training Boosts African Trade
Afreximbank, in partnership with AUC and the AfCFTA Secretariat, launches its third training program in Cairo to equip African businesses with skills to maximize AfCFTA benefits, focusing on trade finance, supply chains, and market access.
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Afreximbank, St Kitts and Nevis Sign ACTIF2026 Hosting Agreement
The African Export-Import Bank (Afreximbank) has signed a hosting agreement with the Government of St Kitts and Nevis for the fifth AfriCaribbean Trade and Investment Forum (ACTIF2026), set for July 2026 in Basseterre, aiming to deepen economic ties.
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