Nigeria Bleeding Amid Oil Windfall, Atiku Warns
Atiku Abubakar warns Nigeria's external reserves are depleting despite a ₦5 trillion oil windfall, calling it dangerous economic mismanagement.
Atiku Abubakar warns Nigeria's external reserves are depleting despite a ₦5 trillion oil windfall, calling it dangerous economic mismanagement.
Professor Wilfred Ugwuanyi argues Nigeria's financial system must be culturally responsive to achieve sustainable growth, highlighting informal institutions and fintech integration.
Dr Ademola Iyanda Ebeloku, rector of Federal Polytechnic Ile-Oluji, says workers are vital to national development and societal transformation during Workers' Day celebration.
Nigerians shift to pre-loved goods as inflation hits 15%, with Jiji recording 40 million visits in Q1 2026. Smart shopping replaces impulse buying.
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RecommendedNigeria's subsidy removal does not create a fiscal windfall but corrects pricing distortions. True fiscal reform requires closing leakages and aligning revenue, responsibility, and risk.
A detailed analysis of Zacch Adedeji's vision for Nigeria Revenue Service, focusing on tax reform, efficiency, and coordinated fiscal policy.
Seleem Adegunwa, MD of Rite Foods, named Industrialist of the Year by Vanguard Media for transforming Nigeria's FMCG sector through innovation and quality.
Delta Governor Oborevwori and Speaker Guwor laud workers as key drivers of Nigeria's economy during 2026 Workers' Day, urging unity and productivity.
The Nigerian naira opened May 2026 at N1,374/$ in official and parallel markets, supported by Central Bank interventions amid steady demand and inflation concerns.
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RecommendedNigeria’s low grid tariff hides a costly reality: self-generation via diesel or petrol is far more expensive, trapping citizens in a broken system.
Senator Abaribe and stakeholders warn that tax collection without visible public impact is extortion, as 1,400 new professionals join CITN amid Nigeria's tax reforms.
Nigerian workers mark May Day under severe cost-of-living pressures as N70,000 minimum wage loses value amid inflation, fuel price surge, and food price hikes.
Stakeholders at a NACCIMA TVET summit in Lagos call for urgent reforms to tackle Nigeria's skills gap, warning it threatens the $1 trillion economy target.
Nigeria's PMI fell to 49.4 in April 2026, first contraction in 16 months, driven by rising costs and weakening demand across industry and services.
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RecommendedPresident Tinubu commended CBN Governor Cardoso for foreign exchange reforms and bank recapitalisation, boosting investor confidence during Ogun airport inauguration.
Meta shares fell nearly 10% after earnings, while Google soared over 6%. Investors distinguish between Big Tech AI spending strategies.
Nigeria allocates ₦15.81 trillion for debt servicing in 2026, a major portion of the ₦68.32 trillion budget, raising concerns over fiscal sustainability.
University administrative and non-teaching staff in Nigeria will begin an indefinite strike on Friday after failed negotiations with the federal government over unpaid salaries and welfare issues.
A Nigerian businesswoman installed a 2kVA solar inverter with 4 panels costing 1.4 million naira, powers two freezers, and advises others to invest amid blackouts.
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RecommendedFrance's economy stalled in Q1 2026 with zero growth due to weak domestic demand and declining exports, surprising analysts who expected modest expansion.
The Sir Ahmadu Bello Memorial Foundation calls for urgent action to rebuild Northern Nigeria's economy, focusing on education, youth, women, and governance through an 8-point agenda.
Learn essential risk management strategies for Forex trading in Africa, including position sizing, stop-loss, and risk-reward ratios.
Apapa LG Chairman Idowu Adejumoke Senbanjo disburses ₦30 million to 300 residents in phase two of ACREPEGED, reaching 600 beneficiaries so far with plans for 4,000.
The Nigerian naira recovers modestly against the US dollar as CBN data shows improved liquidity, with interbank turnover hitting $249.9 million and oil prices rising.
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RecommendedThe Central Bank of Nigeria urges secondary school students to prioritize financial literacy, treating money as an investment tool for long-term wealth.
Nigeria's House of Representatives introduces a bill for a 50-year National Economic Plan (2026-2076) to enforce policy continuity and boost investor confidence.
Lagos State signs power purchase agreements with three IPPs, aiming to boost economic growth through decentralised electricity generation and efficient PPP delivery.
NECA's Director-General, Adewale-Smatt Oyerinde, advocates pre-engagement sessions with labour to prevent industrial crisis ahead of 2027 minimum wage negotiations.
Nigeria's 2026 green tax on vehicles sparks debate: is it climate action or a revenue grab? Experts question its effectiveness amid weak infrastructure and inequality.
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RecommendedNigeria is a lower-middle-income country with a GDP per capita of $824, yet 63% of its population experiences multidimensional poverty, creating a wealth paradox.