The Oyedele Era: Can Nigeria’s New Finance Minister Turn Design into Reality? Nigeria’s economic landscape is witnessing a significant shift. The appointment of Taiwo Oyedele as the Minister of Finance and Coordinating Minister for the Economy is more than just…
Airline operators have warned that Nigerian domestic airlines may cease operations on Thursday, April 30, 2026. Operators cited what they describe as intolerable and unsustainable aviation fuel prices—a move that has raised fresh concerns about widespread travel disruption nationwide. Industry…
Relief for Lagosians: Food Prices Ease in April as Supply Chains Stabilize. The relentless pressure on the pockets of Lagos residents finally showed signs of cooling this April. After a grueling March that saw food costs skyrocket, the latest market…
Navigating the Shift: Why the Naira Just Hit a Three-Week Low. The Nigerian foreign exchange market is showing fresh signs of tension. After a brief period of relative calm, the local currency has taken a noticeable step back. This week,…
Naira slips to N1,355 against the dollar as external reserves dip slightly. The Nigerian naira is facing a fresh wave of pressure this week. After a period of relative calm, the currency weakened to N1,355 per dollar on Thursday. This…
Nigeria’s lost industrial leadership and the rise of a new African economic order. Nigeria was once the undisputed giant of the African continent. In the 1960s, our GDP per capita was equal to South Korea’s. By the mid-1970s, our income…
Chairman of Dangote Group, Aliko Dangote has vowed to build another 650,000 barrels per day (bpd) Nigerian refinery in East Africa with support from governments in the region. Dangote revealed this on Thursday at the 2026 Africa We Build Summit…
Festus Keyamo, minister of aviation and aerospace development, has stated that President Bola Tinubu has approved a 30 percent discount on debts owed by domestic airlines to aviation agencies. Keyamo announced the development on Thursday, adding that the decision was…
Nigeria’s food inflation persists as N7.65 trillion import bill fails to lower prices. Nigerian households are facing a difficult reality this April. Despite massive spending, food prices remain stubbornly high across the federation. Recent data shows that Nigeria spent a…
Nigerian interest in Bitcoin surges as price hits 11-month high in April 2026 The cryptocurrency market is buzzing once again in Nigeria. This Wednesday, Bitcoin (BTC) reached a fresh 11-month high. It crossed the N105 million mark for a single…
Taiwo Oyedele takes charge of Nigeria’s economy as Wale Edun exits cabinet. Nigeria is witnessing a major shift in its economic leadership. President Bola Ahmed Tinubu has officially elevated Taiwo Oyedele to the position of Minister of Finance and Coordinating…
Naira strengthens to N1,348 against the dollar despite rising global tensions. The Nigerian naira is showing remarkable resilience this April. In the official market, our local currency strengthened to N1,348 per dollar today. This comes at a time when global…
Local prices of petrol and diesel are anticipated to drop following a decline in global oil prices due to the reopening of Hormuz. By Saturday morning, West Texas Intermediate (WTI) and Brent crude dropped 11% and 9% to $83.85 and…
Silent phone lines leave families of 1,000 abducted Nigerians in deep agony. A heavy cloud of uncertainty is hanging over many Nigerian homes today. Over 1,000 citizens remain in the hands of kidnappers who have suddenly gone silent. For the…
Airtel Nigeria has announced the temporary suspension of its airtime and data credit services. The service previously permitted qualified prepaid customers to borrow airtime or data and repay later. Femi Adeniran, Director, Corporate Communications said in a statement on Friday…
