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Nigeria Once Led the World in Palm Oil. What Changed?

From Global Leader to Major Importer: The Story of Nigeria’s Palm Oil Decline

Economy /

There was a time when Nigeria stood at the centre of the global palm oil industry. Long before crude oil transformed the nation’s economy, palm oil was one of Nigeria’s most valuable exports. The country supplied international markets, generated foreign exchange, created jobs, and supported millions of livelihoods across rural communities. Today, the story is […]

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When Groundnut Pyramids Defined Nigeria’s Economy

When Groundnut Pyramids Defined Nigeria’s Economy

Economy /

Long before crude oil became the backbone of Nigeria’s economy, groundnuts helped build the nation. For decades, Nigeria was one of the world’s leading producers and exporters of groundnuts, commonly known as peanuts. The crop generated foreign exchange, created jobs, supported rural communities, and contributed significantly to government revenue. At the centre of this success

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Nigeria Once Had Africa’s Most Respected Universities. What Happened?

HIGHLIGHT /

There was a time when Nigerian universities were among the most respected on the African continent. Students from different parts of Africa travelled to Nigeria in search of quality education. A degree from institutions like the University of Ibadan, Ahmadu Bello University, the University of Nigeria Nsukka, and later the University of Lagos carried prestige.

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The Problem With Projects That End at the Ribbon Cutting

HIGHLIGHT /

Across Nigeria, it is not difficult to find projects that once attracted applause but now sit neglected. A newly commissioned water facility that no longer supplies water. A healthcare centre with broken equipment. Streetlights that stopped working months after installation. A community market that has gradually fallen into disrepair. For many Nigerians, these scenes have

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More Young Nigerians Are Leaving in Search of Opportunities

More Young Nigerians Are Leaving in Search of Better Opportunities

Economy /

Across airports in Lagos, Abuja, Port Harcourt, and other major cities, a familiar story continues to unfold. Young Nigerians are leaving. Some are heading to the United Kingdom for postgraduate studies. Others are relocating to Canada, Australia, the United States, and several countries across Europe and the Middle East. For many, the journey represents more

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Nigeria Is Full of Abandoned Projects. Why Does This Keep Happening?

HIGHLIGHT /

Travel across Nigeria and you are likely to come across them. A hospital building with no doors or windows. A road project that started years ago but never reached completion. A water scheme that no longer supplies water. A market project that has become overgrown with weeds. From cities to rural communities, abandoned projects have

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Dangote Refinery Emerges World’s Largest Jet Fuel Exporter

Business /

Nigeria’s Dangote Petroleum Refinery has emerged as the world’s largest exporter of jet fuel, marking a major milestone for both the company and the country’s energy sector. According to reports citing S&P Global Commodities at Sea data, the refinery became the world’s biggest aviation fuel exporter in April 2026 after significantly increasing production to meet

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CBN Ends Forbearance as Banks Record Rise in Bad Loans

CBN Ends Forbearance as Banks Face Rise in Bad Loans

Business /

Nigeria’s banking sector is coming under fresh pressure following the Central Bank of Nigeria’s decision to end regulatory forbearance introduced during the COVID-19 period, a move that has led to a noticeable increase in bad loans across the industry. According to the CBN’s January 2026 Economic Report, the banking sector’s non performing loans ratio rose

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FTC Chairman Says Reforms Key to Nigeria's Growth Path

Nigeria’s Economic Growth Hinges on Stronger Capital Market Reforms, Says FTC Chairman

Economy /

The Chairman of Financial Trust Company (FTC), Niyi Ajayi, has said that Nigeria’s long term economic growth will depend significantly on the success of ongoing reforms within the country’s capital market. Speaking on the state of the Nigerian financial market, Ajayi noted that despite current economic challenges, the capital market continues to serve as an

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