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Ayomide Alokun, a 27-year-old PhD holder, has ignited discussions on social media by protesting his unemployment in Abuja. His situation highlights the challenges faced by educated youth in Nigeria's job market.
In a ruling with significant implications for oil spill litigation in Nigeria, the Federal High Court sitting in Uyo has dismissed a ₦50 bn read more Landmark Pronouncement: Federal High Court dismisses ₦50 Billion Claim against ExxonMobil
Vietnam is increasing its crude oil imports from Nigeria and other countries due to reduced shipments from Singapore and China. This move comes in the context of the ongoing conflict in Iran.
South Africa's unemployment crisis worsened, with over 300,000 jobs lost in early 2026, raising the total jobless population to 8.1 million. This situation is exacerbated by increasing tensions related to xenophobia.
President Tinubu praised the $4.7 billion growth in trade between Nigeria and France, highlighting the strengthening economic relationship. This development was announced at the Africa Forward Summit.
NAPTIP rescued 15 people, including foreign nationals, from a suspected human trafficking syndicate in Nasarawa operating as an online marketing company.
Nigeria is projected to spend approximately $11.6 billion on debt servicing in 2026. President Tinubu emphasized the potential of the blue economy for Africa's development, which has been hindered by insecurity.
At the Trump Xi summit, the US will push to ‘open up’ China’s markets to American firms while also discussing the Iran war and arms sales to Taiwan.
China and the U.S. have commenced trade talks in South Korea, focusing on finalizing agreements from previous summits. This meeting is seen as a significant step towards improving bilateral trade relations.
India has increased duties on gold and silver to stabilize its declining rupee. Prime Minister Modi previously urged citizens to refrain from purchasing gold for a year amid economic challenges.
Nigeria has once again failed to meet its OPEC production quota, despite ongoing efforts to increase output. The government aims to boost production to 2 million barrels per day to enhance revenue and support the 2026 budget.
Asian stocks show mixed results as traders weigh the US-Iran impasse and major AI technology setbacks. Oil prices cool while markets eye the Trump-Xi summi
The development followed ongoing crisis in the Middle East that has pushed crude oil prices as high as $106 per barrel as of Wednesday. The post Nigerians Defy Escalating Petrol Prices As Consumption Rises By 10.8% To 52.4m appeared first on Channels Television.
The dollar to naira exchange rate at the parallel market fluctuated between ₦1,395 and ₦1,405 per dollar on May 13, 2026. This reflects ongoing challenges in Nigeria's currency valuation.
The price of Liquefied Petroleum Gas (LPG) is expected to rise to N1,500/kg due to dwindling depot stocks and increasing domestic demand. Only a few suppliers, including Dangote Refinery, Ardova, and Navgas, currently have supplies available.
Nigeria's petrol consumption rose by 10.8% to 52.4 million litres in April 2026, despite higher pump prices. This increase reflects a growing demand for fuel in the country.
Stakeholders in Nigeria's agriculture sector attribute the worsening food crisis to insecurity and poor policy implementation. They emphasize the need for improved infrastructure to address these challenges.
The Nigeria Revenue Service Academy will launch a digital learning platform to modernise staff training with a technology-driven, continuous learning model
Nigeria's net foreign exchange inflow increased by 11.4% year-on-year, reaching $66.23 billion in 2025. However, inflow through the Central Bank of Nigeria fell by 18%.
• Frowns on de-marketing of Nigerian carrier Chinedu Eze Director-General of Nigeria Civil Aviation Authority (NCAA), Capt. Chris Najomo, has defended Air Peace against allegations that the airline abandoned passengers
Jobberman Nigeria and various stakeholders are advocating for collaborative efforts to enhance youth and women's employment opportunities in Nigeria. The inaugural Partners’ Convening emphasized the importance of joint action across sectors.
The Naira yesterday appreciated to N1,393 per dollar in the parallel market from N1,405 per dollar on Monday. The post Naira rises to N1,393/$ in parallel market appeared first on Vanguard News.
Nigeria's economy is projected to grow at its fastest rate in five years, signaling a positive shift as reform shocks begin to fade. However, the growth remains insufficient to significantly reduce poverty levels in the country.
Nigeria is seeking an additional $1.25 billion loan from the World Bank amid rising debt concerns. This move has raised alarms about the country's financial stability and reliance on external funding.
Nigeria's stock market has achieved a significant milestone, surpassing a valuation of N160 trillion. This surge is attributed to strong performances from heavyweight stocks.
The Nigerian stock market experienced a significant boost, gaining N1.52 trillion in a single day. This surge has pushed the total market capitalisation above N161 trillion, reflecting strong investor confidence.
Lagos State has launched a N10bn MSME financing scheme to support cooperative businesses. The initiative involves 19 accelerators providing low-interest, non-collateral loans.
Nigeria’s tax reforms aim to end reliance on borrowing, building a sustainable fiscal system for economic growth, infrastructure, and social protection.
Nigeria's asset management sector is poised for significant consolidation following new regulations from the SEC. Firms are actively preparing for this transition to adapt to the evolving landscape.
The Nigerian Ports Authority reports significant growth in the maritime sector for Q1 2026, attributed to ongoing port reforms and infrastructure upgrades. Rising export activity further supports this positive trend in trade.