Economy
FG Raises Alarm as Two Regions Remain Lowest in Literacy Despite Massive Education Funding
The Federal Government has expressed concern that two geopolitical zones in Nigeria still record the country’s lowest literacy and numeracy rates despite receiving...
Economic Hardship Painful but Necessary for Nigeria Growth Says Alake
Minister of Solid Minerals Development Dele Alake has said that the current economic hardship facing Nigerians is painful but necessary for the country’s...
Dangote Says Fuel Import Mafia Tried to Stop 20 Billion Dollar Refinery
Africa’s richest man, Aliko Dangote, has revealed that powerful fuel importers fought hard to frustrate the establishment of the Dangote Refinery, describing them...
Naira Appreciates to N1,388 Per Dollar in Parallel Market
The Nigerian naira recorded further appreciation against the United States dollar on Wednesday, strengthening in both the parallel market and the Nigerian Foreign...
Nigeria Spends N6.54 Trillion on Vehicle and Auto Parts Imports in Two Years
Nigeria’s dependence on imported vehicles and automobile spare parts has continued to rise sharply, with the country spending an estimated N6.54 trillion on...
SEC Moves to Drive Intelligent Investing With AI and Data Technology
The Director General of the Securities and Exchange Commission, SEC, Emomotimi Agama, has said Nigeria’s capital market is increasingly embracing data, artificial intelligence,...
Naira Records Mixed Performance Against Dollar at Official and Parallel Markets
The Nigerian naira posted mixed performance against the United States dollar on Thursday, May 14, 2026, across both the official Nigerian Foreign Exchange...
Nigeria’s Oil Production Rises Slightly but Remains Below OPEC Quota
Nigeria’s crude oil production recorded a slight increase in April 2026, but the country still failed to meet its production quota set by...
Nigeria Spends N6.54 Trillion on Vehicle Imports and Auto Parts in Two Years
Nigeria’s dependence on imported vehicles and spare parts has continued to rise sharply, with the country spending over N6.54 trillion on transport equipment...
Federal Government Approves 40 Percent Peculiar Allowance for Civil Servants
The Federal Government has officially approved the long awaited 40 percent peculiar allowance for federal civil servants after sustained pressure from organised labour...
