With Nigeria’s next presidential election still months away, political conversations across the country are increasingly returning to one issue: the economy. From market traders and civil servants to business owners and young graduates, economic conditions have become a major topic of discussion as Nigerians assess the impact of reforms introduced over the past three years. […]
WILL THE ECONOMY DECIDE NIGERIA’S 2027 ELECTION? Read More »
In 2026, Nigeria has recorded periods of improved foreign exchange stability compared to previous years, with the naira showing less volatility in official and parallel market trends. Policymakers have pointed to tighter monetary measures, improved dollar inflows, and reduced speculative pressure as key drivers of this relative stability. Despite these developments, prices of goods and
NAIRA STABILITY DEBATE: WHY LOWER FX RATES HAVEN’T REDUCED PRICES IN NIGERIA Read More »
In 2026, the value of ₦10,000 in Nigeria has significantly declined in terms of purchasing power. Across food markets, transport routes, and basic household needs, the amount now covers far fewer essentials than it did in previous years. Inflation, fuel price increases, exchange rate pressure, and rising logistics costs continue to influence the prices of
Nigeria’s Rising Cost of Living: What ₦10,000 Can No Longer Buy in 2026 Read More »
Stakeholders in Nigeria’s creative industry have expressed support for ongoing reforms aimed at strengthening the country’s creative economy, describing recent government initiatives as important steps toward empowering young talents, creating jobs, and expanding opportunities within the sector. The stakeholders made their views known during a gathering of industry professionals, where discussions focused on the future
Creative Economy Reforms Earn Industry Support Read More »
The Central Bank of Nigeria (CBN) has unveiled a revised Foreign Exchange (FX) Manual aimed at improving transparency, strengthening market discipline, and restoring confidence in Nigeria’s foreign exchange market. The updated framework comes as the country seeks to stabilise economic conditions, attract investment, and address long-standing challenges that have affected the efficiency of foreign exchange
CBN Moves to Restore Confidence in Nigeria’s FX Market Read More »
Lagos, Nigeria — Dangote Petroleum Refinery has successfully increased its crude oil processing capacity to 700,000 barrels per day (bpd), surpassing its official nameplate capacity of 650,000 bpd and reinforcing its position as the world’s largest single-train refinery. The milestone was achieved during a performance test conducted by the refinery’s process licensors, marking a significant
Dangote Refinery Hits 700,000 Bpd Processing Capacity Read More »
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
More Young Nigerians Are Leaving in Search of Better Opportunities Read More »
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
Dangote Refinery Emerges World’s Largest Jet Fuel Exporter Read More »
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
CBN Ends Forbearance as Banks Face Rise in Bad Loans Read More »
Nigerian state governors are considering a proposal to increase the national minimum wage to N100,000 as workers across the country continue to grapple with rising living costs and economic hardship. The development was disclosed by the Chairman of the Nigeria Governors’ Forum and Governor of Kwara State, AbdulRahman AbdulRazaq, who said discussions are ongoing between
Governors Consider N100,000 Minimum Wage as Cost of Living Continues to Rise Read More »