Behind the recent stabilization of the local currency lies a major financial battle engineered in Abuja. Early last year, the Central Bank of Nigeria faced a critical emergency as the local currency fell to record lows, driven by massive panic-buying…
Mr. Adebayo, a retired high school principal living in Ibadan, recently received a substantial lump-sum gratuity payout. He initially planned to park his hard-earned savings in a regular commercial bank account. However, he quickly realized that rising consumer inflation would…
In the first two months of 2026, Nigeria spent $920 million on external debt servicing as foreign loan repayments escalated alongside rising capital outflows. According to the Central Bank of Nigeria’s February 2026 Economic Report, the country allocated $440 million…
According to a Bloomberg report on Friday, Tanzania’s wealthiest businessman, Mohammed Dewji, has expressed readiness to invest $100 million in Aliko Dangote’s proposed $17 billion East Africa refinery, highlighting growing investor confidence in the project. In an interview, Dewji stated…
Amaka, a school teacher and part-time retail investor from Enugu, spent most of May and June watching her modest investment portfolio with a sense of nervousness. The local equity space had felt painfully quiet, and some of her favorite financial…
Chidi, a retail investor from Port Harcourt, woke up to check his stock portfolio with a feeling of unease. For months, his investment in the indigenous energy giant, Aradel Holdings Plc, had been a source of financial pride. The stock…
Baba Segun, a retired railway worker living in Ibadan, receives his monthly retirement credit faithfully. However, every time he travels to visit his family, he faces hours of traffic on broken highways. He often wonders why the national savings cannot…
Sarah, a tech consultant living in Houston, had been planning her winter trip back to Lagos for months. She recently logged onto the Online Integrated Solution (OIS) portal to submit her travel documents. However, she was met with a sudden…
Imagine living in a community where the sunset brings complete darkness. For millions of families in rural Nigeria, this is a daily reality. The national electricity grid rarely reaches these far-off places. Because of this, small businesses must rely on…
Everyday savers in Nigeria are currently searching for secure ways to protect their money from inflation. Recognizing this widespread need, the federal authorities have stepped in with a fresh financial opportunity. The Debt Management Office has officially introduced the July…
United Bank for Africa, UBA, Plc has announced that its Group Chairman , Tony Elumelu is set to retire from the bank’s Board of Directors on August 21, 2026. The pan-African bank announced Elumelu’s retirement in a statement on Monday.…
The Federal Government has renewed its urgent appeal to Nigerian nationals living in South Africa. Amidst continuing anti-migrant hostilities, citizens are being urged to join the government-sponsored repatriation flights. The Minister of Foreign Affairs, Ambassador Bianca Odumegwu-Ojukwu, emphasized that protecting…
A major economic turnaround is quietly taking place in West Africa. For a long time, international lenders worried about Ghana’s financial health. However, the Ghanaian government has just sent a powerful message to global markets. The country cleared a massive…
The legal battle over 57 luxury properties tied to Nigeria’s former chief law officer has taken an unexpected turn. Specifically, the Federal High Court in Abuja has extended the waiting period for a critical ruling. Justice Joyce Abdulmalik shifted the…
The aviation sector demands strong leadership to guide long-term growth. Because of this requirement, the Nigerian Aviation Handling Company PLC (NAHCO Aviance) has announced major updates to its leadership structure. The company has officially appointed Dr. Julius B. Omodayo-Owotuga and…
