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Business and Economy

Invest in Rivers Niger and Benue to Boost Nigeria’s Economy

By   Milcah   TanimuThe federal government must invest significantly in transforming the Rivers Niger and Benue into economically viable waterways to unlock their immense potential...

Oil Production Activities Resume at OML 55

By   Milcah   TanimuOil production activities have resumed at **Oil Mining Lease (OML) 55** in Nigeria, following sustained military efforts to combat oil theft. These...

Nigerians Turn to Opay, PalmPay, Moniepoint Amid Banks’ IT Glitches

By   Milcah   TanimuNigerians are increasingly turning to fintech platforms like Opay, PalmPay, and Moniepoint as traditional banks struggle with ongoing technology upgrades that leave...

World Bank: Naira Among Africa’s Worst Performing Currencies

By  Milcah   TanimuThe Nigerian Naira has emerged as one of Africa’s worst performing currencies in 2024, according to the World Bank's latest Africa’s Pulse...

World Bank: Nigeria Needs 15 Years of Reforms for Economic Transformation

By   Milcah   TanimuThe World Bank has stated that Nigeria needs to maintain its current economic reforms for the next 10 to 15 years to...

Pains and Gains of Fuel Price Hike in Nigeria

By  Milcah   TanimuPresident Bola Tinubu's administration recently deregulated petrol pricing and removed subsidies. This change led the Nigerian National Petroleum Company Limited (NNPC) to...

Cross-Border Fuel Smuggling Drops Following Subsidy Removal, Says NNPCL Chief

The removal of fuel subsidies in Nigeria has led to a significant decrease in cross-border smuggling of Premium Motor Spirit (PMS), according to...

Four Bloggers Re-Arraigned for Alleged Cyberstalking of GTCO CEO

On Monday, the Police re-arraigned four bloggers — Precious Eze, Olawale Rotimi, Rowland Olonishuwa, and Seun Odunlami — before the Federal High Court...

Nigeria Needs Over $50 Billion to Address Infrastructural Deficit: SEC DG

Nigeria needs over $50 billion to address its growing infrastructural deficit, says SEC Director-General Emomotimi Agama. Speaking at a stakeholders' meeting, Agama emphasized the...

Three Months Later: Nigeria’s Food Import Waiver Policy Fails to Launch

Three months after the federal government introduced an import duty waiver scheme aimed at addressing food insecurity and curbing rising prices, the policy has...

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