Nigeria Economy
Fuel Price Hike Forces FCT Residents to Abandon Cars as Transport Costs Surge
Many car owners in the Federal Capital Territory have been forced to abandon their personal vehicles and resort to public transportation following the...
Lagos Workers Decry Rising Fuel Prices as Economic Hardship Deepens Ahead of 2027 Elections
Workers across Lagos have expressed growing concern over rising fuel prices, warning that the continuous increase is worsening living conditions and placing severe...
NUPENG Pledges Better Welfare and Safety for Oil Workers Amid Industry Pressures
The Nigeria Union of Petroleum and Natural Gas Workers has reaffirmed its commitment to improving the welfare, safety, and representation of workers in...
Court Dismisses FHT Mega Express Suit Against Parallex Bank Over N4.5 Billion Debt Dispute
The Federal Capital Territory High Court has dismissed a case filed by logistics firm FHT Mega Express Limited against Parallex Bank Limited over...
Nigeria’s Foreign Currency Tax Revenue Surges to N6.33 Trillion in 2025
Nigeria recorded a significant rise in foreign currency denominated tax revenue in 2025, with total receipts climbing to N6.33 trillion, according to an...
FG Raises Concern Over Limited Credit Access for Women Owned Businesses in Nigeria
The Federal Government of Nigeria has revealed that more than 80 percent of women owned businesses in the country lack access to formal...
Naira Opens April 2026 Trading Week with Relative Firmness Amid FX Market Pressure
The Nigerian currency, the Nigerian Naira, began the final trading week of April 2026 with mild firmness as foreign exchange markets continue adjusting...
Pound Sterling Opens Week Strong Against Naira Amid FX Market Pressure
The British currency, the British Pound Sterling, began the trading week on Monday, April 27, 2026, with heightened activity against the Nigerian currency...
Tinubu Seeks Senate Approval for $516 Million Loan for Sokoto Badagry Highway
President Bola Tinubu has formally written to the Senate, requesting approval to secure a fresh loan of 516,333,070 dollars to support infrastructure development....
Foreign Investment Inflows Surge on NGX Amid Rising Capital Outflows
The Nigerian Exchange Limited recorded a notable shift in foreign investment activity in the first quarter of 2026, as inflows rose sharply by...
