A new report from the Central Bank of Nigeria (CBN) has revealed that a majority of Nigerians are groaning under the burden of high borrowing costs, with a whopping 65.5% …
Economy
- Banking, Finance & InvestmentBusinessBusiness and EconomyEconomyFinance & Services
- AfricaAFRICA NEWSBusinessBusiness and EconomyEconomyFinance & ServicesMarketsNigeriaWestern Africa
Naira Strengthens, Now Trades at ₦1,530.52/$ at Official Window
In a surprising twist in the foreign exchange market, the Nigerian naira on Tuesday recorded a modest appreciation against the United States dollar, exchanging at ₦1,530.52/$ at the official window. …
- BusinessBusiness and EconomyEconomyEntertainmentNigeriaTechnologyTrending TodayWestern Africa
Online Casino Sector Eyes Africa as Emerging Market Hotspot
Global operators in the online casino industry are beginning to shift their gaze toward emerging markets — and Africa, especially Nigeria, is fast gaining traction as a promising frontier. Experts …
- AFRICA NEWSBusinessBusiness and EconomyEconomyEnergyNigeriaOil & GasUncategorizedWestern Africa
Sale of SPDC, ExxonMobil Assets to Deepen Local Content – Experts
Industry experts have described the ongoing sale of Shell Petroleum Development Company (SPDC) and ExxonMobil assets as a golden opportunity to deepen local content in Nigeria’s oil and gas sector. …
- AfricaAFRICA NEWSAviationBusinessBusiness and EconomyEconomyNigeriaTravel & TourismWestern Africa
Air Peace Shakes Tables, Cuts London Flight Fare by ₦600,000
Nigeria’s leading carrier, Air Peace, has caused a stir in the aviation space after slashing its Lagos-London airfare by a jaw-dropping ₦600,000 — a move that has sent shockwaves through …
- BusinessBusiness and EconomyBusiness PoliciesEconomyGOVERNMENTInformation & TechnologyInformation TechnologyNigeriaTechnology
Nigerian Senate Advances Bill Requiring Facebook, Bloggers, and Online Platforms to Establish Offices Locally
The Nigerian Senate has passed the second reading of a bill that seeks to mandate social media platforms, bloggers, and other online content creators to establish physical offices within the …
- AfricaEconomyEnergyGOVERNMENTNigeriaOil & GasWestern Africa
Rivers Pipeline Explosion Triggers $35.3 Million Daily Losses Amid State of Emergency
Nigeria faces a staggering economic setback following a pipeline explosion in Rivers State, potentially leading to losses exceeding $35.3 million daily. The incident, which significantly hampers oil exports from the …
- AfricaAgricultureBusinessBusiness and EconomyEconomyFood ProductionGOVERNMENTNigeriaSecurity
Lagos, Dangote Foundation Begin Rice Distribution to Millions of Households Across the State
The Lagos State Government, in partnership with the Aliko Dangote Foundation (ADF), has commenced the distribution of 50kg bags of rice to over one million vulnerable households across the state. …
- Business and EconomyEconomyEnergyNigeriaOil & GasPoliticsSecurity
Pipeline Explosion Disrupts Nigerian Oil Exports Amid Rivers State Political Crisis
A pipeline explosion in Rivers State early tuesday has disrupted Nigeria’s oil exports, creating serious concerns for the economy. The damaged infrastructure connects onshore production sites to key export terminals. …
- AfricaAFRICA NEWSEconomy
Casablanca Financial Centre Leads Africa for Eighth Year in a Row
by Editorby EditorThe Casablanca Financial Centre in Morocco has maintained its top position on the African continent for eight consecutive years. This achievement is attributed to the establishment of an appealing business …