For Chioma, a business owner based in Lagos, preserving her company’s capital is a daily battle against rising inflation. Consequently, she constantly searches for safe financial instruments that can offer decent returns without high risks. This morning, Chioma found a…
Tunde, a businessman from Lagos, felt a sharp pang of anxiety as he stared at his bank balance. His daughter is currently studying at a university in London. Just last month, sending her monthly living allowance required a heavy financial…
Dangote Refinery has suspended the sale of petrol otherwise known as premium motor spirit in Naira for gantry loading, setting the price at $0.779, or approximately N1,075 per litre for PMS. In a notice distributed to clients by the company’s…
President Bola Ahmed Tinubu has approved important changes to Nigeria’s main economic agencies to help bring more investment into the country. Consequently, Tinubu appoints new board chairpersons to lead the Nigerian Investment Promotion Commission (NIPC) and the Nigerian Export Processing…
The local high-tech workspace inside the busy commercial hubs of Lagos feels worlds apart from the quiet corporate boardrooms of Washington, D.C. Early last year, local tech entrepreneurs struggled deeply with extreme economic volatility, soaring network costs, and a massive…
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…
