News
80bn Rural Reform plan signals shift toward cluster-based economic growth in Southwest
2+ hour, 11+ min ago (425+ words) By: Priscilla Iwedike Date: 3 May 2026 8: 28am WAT A major shift in Nigeria's rural development strategy is set to take shape as the Southwest Development Commission prepares to roll out an "80 billion initiative designed to restructure rural economies across the region through…...
Worsening cost-of-living crisis overshadows May Day despite wage increase
2+ day, 5+ hour ago (1692+ words) By: Collins Olayinka, Gloria Nwafor, Tobi Awodipe Date: 1 May 2026 5: 08am WAT Roadside food market in Nigeria Worsening cost-of-living pressures have overshadowed this year's May Day celebrations, as Nigerian workers grapple with rising prices despite a recent increase in the minimum wage....
Zamfara masses lament high cost of food items
3+ day, 21+ hour ago (50+ words) Residents of Zamfara State have continued to lament the soaring cost of foodstuffs, accusing both the federal and state governments...
World Bank sees 16% spike in commodity prices this year
4+ day, 5+ hour ago (735+ words) By: Waliat" Musa Date: 29 April 2026 4: 33am WAT Energy prices are projected to surge by 24 per cent in 2026 to their highest level since Russia's invasion of Ukraine in 2022, as escalating conflict in the Middle East triggers one of the most severe commodity…...
OPay leads the conversation on Africa's next financial frontier at Business Day Fintech Summit 2026
5+ day, 5+ hour ago (277+ words) By: Adenike Ibirogba Date: 28 April 2026 5: 13am WAT Dotun Daniel Adekunle, COO/CTO, OPay, delivering the Keynote Presentation at the inaugural Business Day Fintech Summit 2026 held in Lagos. As part of its strong participation, OPay's COO/CTO, Dotun Daniel Adekunle, delivered a…...
High duties stifling investment in new vessels
1+ week, 4+ day ago (564+ words) By: "Silver" Nwokoro Date: 22 April 2026 4: 00am WAT The Chairman of Bras Marine and Yacht Services Limited, Yomi Sonuga, has decried the imposition of up to 100 per cent duty on imported boats, arguing that such policies push Nigerians toward purchasing used vessels…...
Nigeria's Q1 economy shows resilience amid insecurity, uneven growth
1+ week, 5+ day ago (245+ words) By: Ngozi Egenuka Date: 20 April 2026 3: 13pm WAT Nigeria's Q1 economy shows resilience amid insecurity This was at the European Business Chamber (Eurocham) Nigeria CEO session held yesterday in Lagos themed "Navigating the Q1 Economy and Financing Industrial Growth. Chief Economist, First Bank Group,…...
Nigeria's terms of trade rose by 0. 01% in Q4
1+ week, 6+ day ago (557+ words) By: Joesph Chibueze Date: 20 April 2026 4: 26am WAT Nigeria's all-commodity terms of trade (To T) increased by 0. 01 per cent in the fourth quarter (Q4) of 2025, even as the value of exports increased by 0. 12 per cent during the period. The country also imported postage stamps…...
Systemic inefficiencies, cartels, maritime exploitation cost Nigeria $10b yearly
1+ week, 6+ day ago (353+ words) By: Adaku Onyenucheya Date: 20 April 2026 3: 41am WAT The newly released report, made available to The Guardian yesterday, noted that Nigeria's maritime sector, designed as the engine room of trade and economic expansion, has increasingly become a critical channel for value erosion,…...
Nigeria to dominate Africa's blue economy with Oyetola led Reform - Dantsoho
2+ week, 3+ day ago (662+ words) By: Adamu Abuh Date: 15 April 2026 8: 18pm WAT Minister of Blue Economy Adegboyega Oyetola The Managing Director and Chief Executive Officer of the Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, has attributed the transformation of the nation's maritime sector to the impact…...