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.
Category : Economy
Financial System Must Reflect Culture for Growth: Ugwuanyi
Professor Wilfred Ugwuanyi argues Nigeria's financial system must be culturally responsive to achieve sustainable growth, highlighting informal institutions and fintech integration.
FEDPOLEL Rector: Workers Pillars of Development
Dr Ademola Iyanda Ebeloku, rector of Federal Polytechnic Ile-Oluji, says workers are vital to national development and societal transformation during Workers' Day celebration.
Nigeria's used items demand surges 97%
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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Reform Is Not Windfall: Restoring Revenue Integrity in Nigeria
Nigeria'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.
Zacch Adedeji: Vision for Smarter Revenue and Institution
A detailed analysis of Zacch Adedeji's vision for Nigeria Revenue Service, focusing on tax reform, efficiency, and coordinated fiscal policy.
Adegunwa Wins 'Industrialist of the Year' Award
Seleem Adegunwa, MD of Rite Foods, named Industrialist of the Year by Vanguard Media for transforming Nigeria's FMCG sector through innovation and quality.
Oborevwori, Guwor: Workers Key to Nigeria's Economy
Delta Governor Oborevwori and Speaker Guwor laud workers as key drivers of Nigeria's economy during 2026 Workers' Day, urging unity and productivity.
Naira Holds Steady at N1,374/$ as May Begins
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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Nigeria’s Cheap Electricity: A Hidden Cost Crisis
Nigeria’s low grid tariff hides a costly reality: self-generation via diesel or petrol is far more expensive, trapping citizens in a broken system.
Abaribe: Tax Without Impact is Extortion at CITN Event
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.
Cost-of-Living Crisis Overshadows May Day in Nigeria
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.
Nigeria's $1 Trillion Economy Threatened by Skills Gap
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 Business Activity Contracts in April 2026
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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Tinubu Hails CBN Reforms and Bank Recapitalisation Efforts
President Tinubu commended CBN Governor Cardoso for foreign exchange reforms and bank recapitalisation, boosting investor confidence during Ogun airport inauguration.
Meta Shares Plunge 10% as Google Surges on AI Earnings Divergence
Meta shares fell nearly 10% after earnings, while Google soared over 6%. Investors distinguish between Big Tech AI spending strategies.
Nigeria's 2026 budget: ₦15.81tn for debt servicing
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 Non-Teaching Staff to Strike Indefinitely Friday
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.
Woman Installs 2kVA Solar Inverter, Shares Cost and Message
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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France Economy Posts Zero Growth in First Quarter
France's economy stalled in Q1 2026 with zero growth due to weak domestic demand and declining exports, surprising analysts who expected modest expansion.
SABMF Unveils 8-Point Agenda for Rebuilding North
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.
Risk Management Basics for African Forex Traders
Learn essential risk management strategies for Forex trading in Africa, including position sizing, stop-loss, and risk-reward ratios.
Apapa LG Chairman Disburses ₦30m in ACREPEGED Phase Two
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.
CBN Releases New FX Rate as Naira Rebounds, Dollar Supply Surges
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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CBN Advises Nigerian Students on Wealth Creation, Money Management
The Central Bank of Nigeria urges secondary school students to prioritize financial literacy, treating money as an investment tool for long-term wealth.
Reps propose 50-year economic plan to end policy flip-flops
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 Power Deals: Decentralised Energy to Boost Economy
Lagos State signs power purchase agreements with three IPPs, aiming to boost economic growth through decentralised electricity generation and efficient PPP delivery.
Pre-Engagement Sessions Key to Minimum Wage Harmony
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 Green Tax: Climate Action or Revenue Drive?
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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Is Nigeria Rich or Poor? Detailed Analysis
Nigeria 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.
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