Tag: Economy

Nigeria local government autonomy crisis deepens as states retain ₦1.46tn funds

Business Damilola Bayonle -
Nigeria local government autonomy crisis worsens as states withhold ₦1.46tn funds despite court ruling Nearly ₦1.46 trillion meant for grassroots...

Natural resources comparison UK Nigeria

News Emmanuel -
Introduction The natural resources comparison UK Nigeria reveals a striking contrast between two nations with very different economic structures and...

Iran suicide drones shock global economy as markets brace for turmoil

World News Emmanuel -
Iran suicide drones shock global economy as financial markets prepare for renewed turbulence following dramatic attacks on high-profile targets...

Nigeria’s 2026 poverty budget a drop in the ocean: FG’s meager allocation sparks outrage

Business Damilola Bayonle -
Nigeria’s deepening poverty crisis has once again come under scrutiny following fresh details from the 2026 Appropriation Bill, which...

Dangote Refinery warns petrol could hit N1,400/litre without local refining

Business Damilola Bayonle -
The Dangote Petroleum Refinery has issued a stark warning that petrol pump prices in Nigeria could surge to as...

Naira exchange rate: Fresh shocks, new week volatility, and what Nigerians must know now

Business Damilola Bayonle -
Naira Exchange Rate: Fresh Week Begins with Mixed Signals Across Official and Parallel Markets Nigeria’s foreign-exchange market opened the new...

Nigeria’s World Bank debt reaches $9.65bn: Assessing its impact on national development

Business Damilola Bayonle -
Nigeria is projected to reach a staggering $9.65bn in World Bank loans between 2023 and 2025, as fresh approvals,...

Shockwaves across the market: How the NGX decline triggered a massive N6tn loss in one month

Business Damilola Bayonle -
Understanding the Drivers Behind the NGX Decline in November 2025 Nigeria’s capital market closed November 2025 with a sharp downturn,...

FX reforms ignite confidence: How Nigeria’s bold FX reforms aparked $20.98bn inflows

Business Damilola Bayonle -
Nigeria’s macroeconomic landscape is undergoing a profound shift, supported by decisive policy actions that have recalibrated the foreign exchange...

Pound and Euro to Naira exchange rate today: Shocking new figures shake Nigeria’s FX market

Business Damilola Bayonle -
Nigeria’s foreign exchange market opened the week with renewed volatility as both the British pound and the euro strengthened...

Banking sector enters powerful new wra as recapitalisation exercise gains strong momentum

Business Damilola Bayonle -
Nigeria’s Recapitalisation Exercise Reshapes Banking Stability and Investor Confidence Nigeria’s financial sector is witnessing one of its most ambitious reforms...

Investors lose fresh N1.17tn — Market plunge sparks concern

Business Damilola Bayonle -
Market Overview: Investors Lose Fresh N1.17tn Amid Bearish Sentiment The Nigerian equities market opened the new trading week on a...