In Focus

Naira crashes on official market to 980/dollar after CBN unbans items

The naira hit a record low of 980 per dollar on the official market...

South Africa to topple Nigeria as Africa’s largest economy

Nigeria is projected to lose its position as Africa's largest economy to South Africa...

Nigeria inflation at 26.7% in September – fastest in 20 years

The National Bureau of Statistics says Nigeria’s headline inflation rate increased to 26.72 percent...

Oil spill at Shell facility fouls Bayelsa community

Residents of Peremabiri community in Bayelsa state's Southern Ijaw local government area say an...

Tinubu’s EFCC chair appointment breaks with tradition and law

President Bola Tinubu has appointed Olanipekun Olukoyede as new chairman of the anti-graft body,...

Nigerian businesses under burden of over 60 taxes, govt says

The Nigerian government says the country seeks to cut the number of taxes at...

NNPC claims Nigeria no longer pays petrol subsidy. That’s unlikely

The Nigeria National Petroleum Corporation Ltd. on Monday denied the government paid petrol subsidy...

NNPC is again Nigeria’s sole petrol importer months after reforms

NNPC Ltd has resumed its role as the exclusive importer of petrol into Nigeria...

No food, fuel, electricity as Israel declares ‘complete siege’ on Gaza

Israel ordered a “complete siege” of the Gaza Strip on Monday, two days after...

Atiku rallies Nigerians after US school disowns Tinubu’s certificate

Former vice president Atiku Abubakar called for wide support Thursday as he builds a...

Explosion kills 37 at illegal refinery in Rivers

At least 37 people were burned to death after an explosion at an illegal...

NLC, TUC suspend planned strike

The Nigeria Labour Congress and the Trade Union Congress have suspended their planned nationwide...

How Nigerian banks, African peers compare on six key indicators

The European Investment Bank published its assessment of African banks last week, using its...

Nigeria falls big on private capital. South Africa, Kenya, Egypt soar

Private capital investment in Nigeria fell significantly in 2022, the same year competing African...

Erisco doubles down, threatens customer over tomato review

Tomato maker Erisco Foods Ltd. has refused to back down from its controversial decision...

Looming Nigeria strike poised to be NLC, TUC’s biggest in years

Nigeria’s major labour unions appear prepared for their most sweeping and disruptive strike in...

Naira sinks to long-feared black market rate of 1,000 to dollar

The naira fell to a new record low of 1,000 to a dollar on...

Outrage as Nigerian firm gets customer arrested for tomato review

A Nigerian customer was arrested by police after she went online to complain about...

Guinea’s leader defends coups but juntas are failing to solve problems

The recent coups in Africa are attempts by militaries to save their countries from...

Chicago State University ready to release Tinubu’s records, laments bad publicity

The United States school at the centre of a political fight between President Bola...