Free Registration for 250,000 MSMEs via SMEDAN
The Federal Government has approved free registration for 250,000 micro, small and medium enterprises through SMEDAN's digital portal to boost formalization and economic recovery.
Category : Economy
Dollar Crashes to 4-Year Low, Naira Strengthens
The US dollar has fallen to its weakest level in four years, prompting global currency movements. The Nigerian naira appreciates against the dollar but faces pressure from other major currencies.
London vs Lagos: Cost of Living for Nigerians
A detailed comparison of living expenses for Nigerians in London versus Lagos, covering rent, food, transport, utilities, healthcare, and salary differences.
Naira Hits Two-Year High, Reserves at 8-Year Peak
Nigeria's currency strengthens to N1,400.47 per dollar in official market while external reserves climb to $46.012 billion, signaling economic recovery and stability.
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Davos 2026: CEO Urges Global Capital for Africa Growth
At World Economic Forum, Christopher Aleo of iSwiss Pay advocates for fintech, clean energy investments and Europe-Africa partnership to unlock Africa's economic potential.
Naira Hits Record ₦1,400 to Dollar in Official Trading
The Nigerian naira strengthened to a record high of ₦1,400 to the US dollar in official trading, continuing an appreciation trend driven by CBN reforms and improved forex liquidity.
Nigeria's Reserves Hit $46bn, Highest in 8 Years
Nigeria's foreign exchange reserves surge to $46.012 billion, the highest level since 2018, driven by petroleum reforms and increased crude production, offering optimism for the naira's stability.
Naira Hits ₦1,401.22 High as External Reserves Rise
Nigeria's naira appreciates sharply to ₦1,401.22 per dollar in official market, marking strongest performance since FX reforms. Rising external reserves boost confidence amid global oil price concerns.
FG Proposes N30bn for Solar Mini-Grids in 2026 Budget
The Nigerian federal government has allocated N30.34 billion in the 2026 budget for solar mini-grids and inverters to power government facilities, schools, and communities amid grid instability.
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Naira Gains Officially, Falls to N1490/$ in Black Market
The Nigerian Naira appreciated in official foreign exchange markets while depreciating in the black market to N1490/$. Analysts predict continued stability amid rising external reserves.
Zimbabwe Hits Single-Digit Inflation for First Time Since 1997
Zimbabwe's annual inflation rate has dropped to 4.1%, marking the first single-digit reading since 1997. This milestone supports plans to establish the gold-backed ZiG as the sole currency by 2030.
Dangote Refinery Increases Petrol Price to N799/Litre
Dangote Petroleum Refinery has increased petrol ex-gantry price from N699 to N799 per litre, affecting pump prices at MRS and other partner stations nationwide.
FG Launches Women, Youth Empowerment Fund
The Federal Government, through Vice President Kashim Shettima's office, will launch a new learning fund and empowerment platform in Abuja on Wednesday, focusing on co-investment and economic inclusion for women and youths.
Anambra Loses N8bn Every Monday to Sit-at-Home
Anambra State Commissioner reveals the sit-at-home practice costs the state N8 billion weekly, as traders treat Mondays as extended weekends despite improved security.
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FG Reopens NJFP Portal for Youth Internship
The Federal Government has reopened the Nigeria Jubilee Fellows Programme portal, offering 12-month paid internships with N150,000 monthly stipends to unemployed graduates under 30.
Nigeria Customs Exceeds 2025 Revenue Target with N7.2 Trillion
The Nigeria Customs Service generated N7.2 trillion in 2025, exceeding its N6.5 trillion target. The agency also recorded over 2,000 seizures valued at N59 billion and announced plans for digital expansion.
Dogara: Nigeria's Economy on Right Track
Former House Speaker Yakubu Dogara asserts Nigeria's economy is progressing under Tinubu's leadership, though citizens may not yet feel the benefits of ongoing reforms.
Naira Falls to N1,421.63/$: Analysts Predict FX Pressure
The Nigerian naira weakened across official and parallel markets as FX demand outstrips supply. Analysts from AIICO Capital and Cowry Assets forecast continued pressure despite rising external reserves.
Dogara: Nigeria on Right Track Despite Challenges
Former House Speaker Yakubu Dogara defends President Tinubu's economic reforms, acknowledging public hardship but insisting Nigeria is making progress.
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Naira Slides Despite $46bn Reserves Amid Global Tensions
Nigeria's naira depreciated against the US dollar despite external reserves nearing $46 billion, with analysts citing global trade tensions and investor caution as key pressures.
Rewane: Naira 11% Undervalued, Fair Rate N1,256.79/$
Nigerian economist Bismarck Rewane states the naira is undervalued by 11% based on PPP, with a fair exchange rate of N1,256.79/$. He shared insights at an ACTN event, highlighting economic factors and treasury strategies.
Sachet Alcohol Ban Rushed, Harmful to Economy - CSO
Concerned Citizens for Change criticizes NAFDAC's sachet alcohol ban as rushed and economically damaging, calling for stakeholder consultation and policy implementation.
NSAN Faults New Port Fees, Warns of Trade Costs
The National Shippers Association of Nigeria expresses concern over increased port charges by the Nigerian Shippers' Council, warning it could raise import costs and inflation.
Nigeria Eyes $7.7 Trillion Halal Goldmine for Economic Fix
Nigeria explores the $7.7 trillion global halal economy as a solution to inflation and forex shortages, with experts highlighting its ethical framework and export potential beyond religious boundaries.
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Shettima at WEF: Africa Must Build Its Own Prosperity
Vice President Kashim Shettima advocates for homegrown solutions and local production at WEF 2026, highlighting Nigeria's Dangote Refinery as a model for African economic transformation.
Milon Express Tackles Nigeria's Exhausting Commute with Tech
Milon Express unveils structured mobility solutions to combat the mental and physical toll of commuting in Nigeria, addressing stress, lateness, and productivity loss for workers and businesses.
NAFDAC Alcohol Ban Protests Threaten 5 Million Jobs
Nigerian unions protest NAFDAC's sachet alcohol ban, warning it threatens 5 million jobs and N3 trillion investment in local wine and spirit industries, contradicting economic recovery goals.
Rewane Predicts Weaker Naira, Rising Debt in 2026
Bismarck Rewane forecasts a challenging yet hopeful 2026 for Nigeria's economy, highlighting naira depreciation, debt growth, and key investment sectors.
Naira Falls vs Dollar as FX Turnover Skyrockets 262%
Nigeria's naira weakened against the US dollar despite a massive 262.4% increase in foreign exchange turnover to $52.47 billion in H1 2025, driven by CBN's EFEMS system.
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Remote Worker Reviews Umuahia vs Lagos Network and Power
A Nigerian remote worker shares her experience after relocating from Lagos to Umuahia, comparing internet connectivity and electricity supply between the two cities while highlighting family support.
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