Top storyNigeria's inflation drops again as rate cut expected
Nigeria's inflation rate dropped to 13.4% in August, marking the second consecutive month of decline. The Central Bank of Nigeria (CBN) is expected to meet soon to discuss potential interest rate adju…
Nigerian Agency Arrests Mexican Drug Kingpin
The National Drug Law Enforcement Agency (NDLEA) in Nigeria has arrested a Mexican drug kingpin attempting to flee the country, according to local reports. The arrest comes as authorities dismantled a…
Dangote IPO Strains Nigeria's Fintech Platforms
The Dangote Refinery Initial Public Offering (IPO) has triggered unprecedented demand, overwhelming key fintech platforms in Nigeria. With over N1.5 trillion subscribed, the IPO has exposed critical g…
Dangote Refinery IPO Sets New Benchmark for African Markets
Nigeria's largest-ever initial public offering (IPO) has begun with the launch of the Dangote Refinery share sale, aiming to raise up to $2.1 billion. The offering, led by billionaire Aliko Dangote, p…
Nigeria’s minimum wage fails to keep pace with soaring fuel prices
Nigeria raised its minimum wage to N70,000 in 2024 to address rising living costs. However, global oil prices have climbed above $100 per barrel, putting pressure on the policy’s effectiveness. The in…
Nigerian Oil Refinery IPO Sets New Record in Africa
Nigerian billionaire Aliko Dangote's initial public offering (IPO) of his oil refinery has set a new record in Africa, raising over $1.6 billion. The offering, which opened on Monday, allows retail in…
Nigeria's financial system set to gain N3.56trn in liquidity
Nigeria's financial system is set to receive an estimated N3.56 trillion in liquidity this week, according to recent reports. The influx comes as the Central Bank of Nigeria continues its efforts to s…
Nigeria and India Aim to Boost Trade to $15bn Amid New Economic Ties
Nigeria and India have agreed to strengthen their economic partnership, aiming to restore bilateral trade to its previous peak of nearly $15 billion. The renewed cooperation comes as Indian Prime Mini…
Nigerian Investors Targeted by Ghanaian Developers with High-Yield Offers
Ghanaian developers are targeting Nigerian investors with high-yield, transparent real estate offers, according to a recent report. The initiative highlights growing cross-border investment interest i…
Nigeria Faces Debate Over Petrol Subsidy Policy
Nigeria's government is under increasing pressure to decide whether to reverse, retain, or reform its petrol subsidy policy, as economic challenges mount. The debate has intensified following recent r…
Nigerian Opposition Challenges Tinubu's Leadership Ahead of Elections
President Bola Tinubu has called for a rethinking of global governance and financial systems, positioning Nigeria as a leader in Africa within the BRICS alliance. His push for structural reforms highl…
Chimamanda Adichie Announces No Return to Nigeria After Son’s Death
Chimamanda Ngozi Adichie, renowned Nigerian author, has announced she will not return to Nigeria after the death of her 21-month-old son, Nkanu. The decision came during an interview with The New York…
Nigeria Confirms Two Nationals Killed in South Africa Amid Tensions
Two Nigerian nationals were killed in South Africa, according to the Nigerian government, as anti-migrant tensions escalate in the country. The incident occurred amid growing hostility toward migrants…