February 20
Nigeria: Millions Budgeted for Office Construction in Boko Haram-Controlled Forest
From their enclave, the terrorists have staged violent attacks against civilians and security personnel including local vigilantes trying to subdue their reign. Read more »
February 18
Africa: AfDB Report Puts Africa's GDP At 3.8 Percent in 2024
"Despite the challenging global and regional economic environment, 15 African countries have posted output expansions of more than five per cent." Read more »
Nigeria: FX Crisis - What I Would Have Done Differently - Atiku
Atiku said President Tinubu has failed to show any convincing policy moves his government is making to arrest volatility in the currency market and tackle Nigeria's endemic… Read more »
Nigeria: How to Navigate Nigeria's Economic Hardship - Sterling Bank CEO
The removal of petrol subsidy and unification of the FX window has intensified the strain on the local currency and manufacturers, leading to increased difficulties as prices… Read more »
February 19
Nigeria: Presidency Replies to Atiku's Exchange Rate Proposal
The floating of the naira and the removal of petrol subsidies have led to huge increases in the prices of goods and services. Read more »
February 15
Nigeria: Fx - CBN Imposes 50 Percent Cap On IOCs Repatriation
"Banks are allowed to pool cash on behalf of IOCs, subject to a maximum of 50 per cent of the repatriated export proceeds in the first instance...," the bank said. Read more »
Nigeria: What I Discussed With Governors About Insecurity, Food Prices - Tinubu
Mr Tinubu in a statement on his official X handle said he discussed three key issues with the state governors. Read more »
Nigeria: CBN Stops Dollar Payments for Personal, Business Travel Allowances
All Authorized Dealer Banks shall henceforth effect payout of PTA/BTA through electronic channels only, including debit or credit cards. Read more »
Nigeria: Senate Suspends Motion Seeking Probe of Anchor Borrowers Programme, $2.4 Billion Fx Backlog
The Senate decided to suspend the consideration of the motion seeking the probe into the Anchor Borrowers Programme after a slight rowdiness that followed the moving of the motion. Read more »
Nigeria: Nigeria to Remove 'Political Farmers' From Database
According to him, only genuine farmers will benefit from government-subsidised interventions. Read more »
Nigeria: Cost of Living Crisis - Tinubu Meets Governors, Rules Out Food Importation, Outlines 'Solutions'
While the cost of living crisis persists, Nigerians also grapple with the worsening security situation. Read more »
Nigeria: Breaking - Nigeria's Inflation Hits 29.90 Percent Amid High Food Prices
Nigeria's annual inflation rate rose to 29.90 per cent in January from 28.92 per cent in December 2023, the National Bureau of Statistics (NBS) said Thursday. Read more »
Nigeria: Dangote Refinery to Export First Fuel Cargoes
The refinery has issued tenders to sell two fuel cargoes for export, a report said. Read more »
Nigeria: Cost of Living Crisis - a Personal Story, By Azu Ishiekwene
As for other things, such as the cost of petrol and other energy costs, which increased by 216 per cent from N195 per litre after the removal of subsidy last May, I threatened to… Read more »
Nigeria: Electricity Prices May Increase As Govt Says Subsidy No Longer Sustainable
Nigeria's Minister of Power, Adebayo Adelabu, disclosed this at a press conference in Abuja. Read more »
February 14
Nigeria: High Demand for Sex Toys, Lingerie Despite Economic Crunch
"This year, we've seen a remarkable increase in the sale of adult toys. Couples and youths are becoming more adventurous in their approach to intimacy." Read more »
February 13
Nigeria: Tinubu Govt Tells Governors Economy Troubled but 'Unlike Venezuela'
"We want to state categorically that though our country is going through some rough patches, which are being addressed by the administration of President Bola Ahmed Tinubu, our… Read more »
Nigeria: Residents Protest High Cost of Living in Sokoto
The protest in Sokoto is the latest in a series of street demonstrations over riding cost of living across the country. Read more »
February 12
Nigeria: Why We're Suspending Our Businesses in Enugu - Sachet Water Producers
With taps no longer flowing in many homes, millions of Nigerians rely on sachet water to meet their need for water consumption daily. Read more »
Nigeria: Investigators Reveal More Details About Helicopter Crash That Claimed Wigwe, Others
"The debris field was approximately 100 yards in length," an official said. Read more »
Nigeria: Stock Watch - Mutual Benefits, UBA, Ecobank Top Stocks Pick This Week
This is not a buy, sell or hold recommendation but a stock investment guide. Read more »
February 13
Nigeria: Naira Hits New Low At Official Market
Naira fell to N1,534 at the official market on Monday, hitting a new record low in the segment. Read more »
February 12
Nigeria: More Local Manufacturers as Multinational Pharmaceutical Firms Exit Nigeria, National Drug Control Says
NAFDAC however said though the local manufacturing companies are not replacing global giant drugmakers exiting the country, they are signs of progress for Nigeria. Read more »
February 11
Nigeria: President Tinubu - Nigerians Are Starving, By Toyin Falola
I am not privy to what Femi Gbajabiamiala, your savvy chief of Staff, is telling you. There is hunger in the land. Messages have been sent to Aso Rock through the back door. So bad… Read more »
Nigeria: Lagos Residents Groan As Cost of Condoms Increases By 200 Percent
"Female condoms are available but more expensive than male condoms. Ten pieces of Fc2 vaginal condom go for over N4,200 now, before it was around N2,000". Read more »