Nigeria news

Beyond Transportation: The Economic Impact of Nigeria's Railways

Beyond Transportation: The Economic Impact of Nigeria’s Railways

Economy /

Transportation is often viewed simply as a means of moving people from one location to another. Yet for nations seeking economic growth, transportation infrastructure serves a much larger purpose. It connects markets, reduces business costs, improves productivity, and drives development. Among the various modes of transportation, railways have historically played a critical role in supporting […]

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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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Governors Consider N100,000 Minimum Wage for Workers

Governors Consider N100,000 Minimum Wage as Cost of Living Continues to Rise

Business /

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

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