Nigeria to earn $7m daily revenue from fertiliser export – Dangote
Aliko Dangote, the President of Dangote Group, has shared exciting news about the company’s future export plans. According to him, in the next two years, the company’s massive refinery will begin exporting about 16,000 tonnes of fertiliser each day. He made this announcement during a visit to the Managing Director of the Nigerian Ports Authority […]
Tinubu’s Renewed Hope Agenda paving way for Nigeria’s economic renaissance – Idris
President Tinubu’s Renewed Hope Agenda is building a strong path for Nigeria’s economic growth, according to the Minister of Information and National Orientation, Mohammed Idris. He shared this during the 2025 Nigeria Public Relations Week in Uyo, Akwa Ibom. The Minister explained that the Tinubu government’s direction has started a major economic change that is […]
Nigeria Becomes Member Of European Bank For Reconstruction And Development
Nigeria has officially joined the European Bank for Reconstruction and Development (EBRD). This membership will help Nigerian businesses get easier access to money from abroad, which can support long-term economic development. By joining the EBRD, Nigeria’s private sector can now attract more international investments. These funds can come in both foreign currency and naira, making […]
No going back on Naira-for-crude implementation – FG
The Nigerian government has made it clear that it will not change its decision to start selling crude oil and refined petroleum products in naira. This was confirmed by Wale Edun, the Minister of Finance and Coordinating Minister of the Economy. This plan is a major part of President Bola Tinubu’s economic reforms. The goal […]
Nigerians are facing hard times — Akpabio tells senators
The Senate President, Godswill Akpabio, has admitted that many Nigerians are going through difficult times. He spoke on this while welcoming fellow senators back from their break. In his speech titled “Rising to Nigeria’s Moment”, Akpabio said Nigeria’s economic troubles are testing people’s patience. He asked his fellow lawmakers to approach their duties with wisdom […]
CBN’s Gold Reserves Gain Over N1 Trillion In 2024 As Prices Hit Record Levels
The Central Bank of Nigeria (CBN) reported a significant rise in its gold reserves in 2024. By the end of December 2024, the value of its gold holdings reached N2.77 trillion, up from N1.28 trillion at the close of 2023. This growth was primarily due to a sharp increase in global gold prices. While the […]
Stop demarketing Nigeria – PDP chieftain tells Peter Obi
A top member of the Peoples Democratic Party (PDP), Segun Sowunmi, has advised Peter Obi, the 2023 Labour Party presidential candidate, to stop speaking negatively about Nigeria, especially when attending events abroad. Sowunmi shared his opinion after Peter Obi made a post on X (formerly Twitter) where he compared Nigeria’s economic progress to that of […]
Nigeria’s Economic Outlook Marked By Significant Uncertainty – IMF
The International Monetary Fund (IMF) has said that Nigeria’s economy is still facing a lot of uncertainty, even though the country has made some important reforms. After meeting with top Nigerian officials for their 2025 Article IV Consultations, the IMF team, led by Axel Schimmelpfennig, praised Nigeria for trying to fix its economy. They said […]
Despite rebase, Nigeria’s inflation rate rises to 24.23%
Nigeria’s inflation rate has gone up again, reaching 24.23% in March 2025. This comes after a few months of stability. The National Bureau of Statistics (NBS) shared this news in its Consumer Price Index (CPI) report released on Tuesday. In February 2025, the inflation rate was 23.18%, so the March number shows a clear rise. […]
President Tinubu is best father to Seyi, but worst president of Nigeria – Eedris Abdulkarim
Nigerian rapper and activist Eedris Abdulkareem has made headlines with his new song Tell Your Papa. He says the song is not meant to insult President Tinubu’s son, Seyi, but to respond to Seyi’s public praise of his father. In March 2025, Seyi Tinubu called his father “the greatest president in Nigeria’s history” at an […]