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Nigeria's logistics inefficiencies are resulting in an annual loss of N5 trillion. Stakeholders are calling for urgent reforms to address this critical issue.
Dollar inflows into Nigeria have increased by 26.8%, highlighting a growing demand for foreign currency. However, the naira continues to weaken in the official FX market, reflecting ongoing economic challenges.
Ogun State Governor Dapo Abiodun has announced the revival of the Olokola Liquefied Natural Gas (OKLNG) project, promising significant economic transformation for Ogun Waterside. This initiative aims to enhance local development and attract investment to the region.
Three state governors in Nigeria are promoting tourism as a vital opportunity for economic diversification and job creation. They emphasize leveraging the country's tourism assets to attract investment.
Nigeria is seeing a resurgence in regional economies, attracting foreign investment as states regain economic authority. The customs agency supports subnational trade diplomacy to enhance the country's position as a regional commerce hub.
The Naira has experienced a slight decline, closing at N1,380.93 to the dollar in the official foreign exchange market. This marginal depreciation highlights ongoing trends in currency valuation.
Hidden fees in digital payment systems are causing Nigerians to lose trust in these services. Many users are unaware of the charges they incur, leading to frustration and confusion.
The article emphasizes the importance of strategic planning and investment for Edo State's future. It highlights the success of foreign investors as a model for wealth generation and industrialization.
Experts are addressing the ongoing challenges of sustaining economic hardship in Nigeria. Discussions highlight the impact on daily life and the need for effective solutions.
*Dangote Refinery gets two UAE crude cargoes amid Gulf traffic return Emmanuel Addeh in Abuja and Peter Uzoho in Lagos Nigerians have continued to mount pressure on the Dangote Refinery,
Kasim Sumaina in Abuja The Nigeria Civil Aviation Authority (NCAA) has sanctioned Saudi Airlines to the tune of six million naira for consumer protection-related infractions. NCAA in a letter of sanction
Nigerians are increasingly overlooked in the global job market, a shift from the past when they were welcomed abroad. Factors contributing to this trend include economic challenges and changing perceptions of Nigerian professionals.
Nigerian meter manufacturers have successfully secured a court injunction to stop the import of 1.55 million smart meters. This action poses a potential threat to a World Bank program aimed at supporting the energy sector.
Nigeria has successfully secured a $1.5 billion loan from the UAE's First Abu Dhabi Bank, part of a larger $5 billion facility. This move comes despite warnings from the IMF and Fitch regarding potential financing risks.
Nigeria and the EU are enhancing their economic partnership to boost trade and investment opportunities. This collaboration aims to attract greater investments for sustainable development.
The Bank of Agriculture (BOA) is collaborating with UNDP to improve agricultural financing in Nigeria. This partnership aims to enhance food security and support smallholder farmers.
Nigeria faces an annual loss of up to N5 trillion due to 40 million tonnes of food waste linked to logistics issues. Stakeholders emphasize the need for improvements in the food supply chain to mitigate this significant loss.
Nigeria and the EU have committed to enhancing their economic partnership to attract more investment and expand trade. This collaboration aims to accelerate sustainable growth in Nigeria.
US President Donald Trump has threatened to impose a 100% tariff on European nations that implement a digital services tax. This warning could lead to the scrapping of existing trade agreements.
The hype you hear and the videos you see on youtube, promise that mastering charts, news, fundamentals, and patterns would read more Aulteus Logic: The market doesn’t care what you think about
The Nigerian Healthcare Excellence Awards (NHEA), Nigeria’s healthcare recognition platform, has announced the recipients of its 2026 Lifetime Achievement Awards read more Stakeholders in health sector converge on Lagos for NHEA lifetime achievement awards
Citi has convened West African leaders to discuss trade reforms as the Central Bank of Nigeria advances initiatives for the African Continental Free Trade Area. This collaboration aims to enhance regional trade and economic integration.
Nigeria has drawn the first tranche of its planned $5-billion financing arrangement with the United Arab Emirates-based First Abu Dhabi read more Nigeria draws first tranche of $5bn UAE loan to lower budget financing costs
Zambia’s annual inflation rate eased for the sixth consecutive month in June, falling to 6.5 percent from 6.6 percent in read more Zambia’s inflation falls for sixth straight month on stronger kwacha, bumper harvest
Rivers State Governor Fubara urges the private sector to invest in Nigeria's blue economy, emphasizing its potential to exceed oil and gas revenues. This call aims to stimulate economic growth and sustainability in the region.
The commissioner's apology comes weeks after PREMIUM TIMES published a special report documenting how mounting heaps of refuse had overwhelmed major roads, markets and residential communities across Lagos. The post Commissioner apologises to Lagos residents over waste management ...
By 10 a.m., on a Monday morning, Kemi, a trader at Balogun Market in Lagos, has already lived through half a dozen read more What happens when a nation’s emotional energy runs out?
First Lady Oluremi Tinubu has sparked a debate by encouraging Nigerians to start small-scale businesses like selling akara and roasted corn. Her suggestion has received mixed reactions on social media regarding its practicality.
…As OADC foresees new wave of cloud investment in Nigeria Nigeria’s push to force banks and fintechs to keep payment read more CBN’s data localisation order may extend beyond banking to oil, manufacturing
Something has shifted in the way Nigerians think about housing. Over the past decade, and particularly since the pandemic years, read more Why estate living is becoming the preferred choice for Nigerian homebuyers