Nigeria’s headline inflation surged to 29.90% in January 2024, a significant uptick from the December 2023 figure of 28.92%, according to the latest data released by...
Nigeria’s power sector is facing a significant financial challenge as its debt surged to N3.3 trillion, with the cost of electricity subsidy nearing N3 trillion, according...
The Federal Government of Nigeria has unveiled plans to distribute 42,000 metric tonnes (MT) of grains to impoverished Nigerians at no cost. This announcement came in...
The International Monetary Fund (IMF) has raised concerns about Nigeria’s recent resurgence in fuel subsidy payments, indicating a potential reversal in the country’s subsidy removal policy....
The recent decision by the Central Bank of Nigeria (CBN) to increase customs duties by 48.5% has sent shockwaves through the manufacturing sector, raising concerns about...
The Enugu State Chapter of the Association of Table Water Producers (ATWAP) announced a temporary shutdown of water-producing factories due to soaring production costs. The decision...
In a recent interactive session with the House of Representatives, Nigeria’s Finance Minister, Wale Edun, expressed confidence in the current state of the nation’s economy, asserting...
Nigeria’s solid minerals sector is poised for a significant transformation following the revelation that investors have expressed keen interest in injecting $20 billion into the industry....
In the fiscal year 2024, only 11 out of Nigeria’s 36 states are projected to generate sufficient income to cover the salaries of their workers, according...
Nigeria was plunged into darkness as the national grid experienced a catastrophic collapse, leading to a drastic reduction in power generation to a mere 59.9 megawatts...
