The Lagos State Governor, Babajide Sanwo-Olu, has commended one of Africa’s leading e-commerce platforms, Jumia Nigeria, for its giant strides and contributions to the growth of the country’s e-commerce sector and economic
The naira gained N30 in the black market by the end of the week, closing at N1,550 per dollar compared to N1,580 the previous week. The improvement comes as foreign exchange (FX)
In March 2025, several African countries continue to grapple with weak currencies, reflecting underlying economic challenges. A weak currency often indicates economic instability, high inflation, and a reliance on imports over exports.
The Port Harcourt Refinery has completed six months of uninterrupted operation after being dormant for over two decades. This marks a major achievement in Nigeria’s ongoing efforts to revive its refining capacity
The International Monetary Fund (IMF) has advised the Nigerian government to ensure that its economic stabilisation measures include targeted support for the most vulnerable groups. The organisation stressed that economic reforms should
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