Latest News in Nigeria

Naira Ends Week With N30 Gain In Black Market: Hope For Naira?

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)

Emmanuel Ochayi

March 29, 2025

Africa·Business

Full List: African Countries With The Weakest Currencies

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.

Emmanuel Ochayi

March 29, 2025

Business·Markets

Nigeria’s Equity Market Declines By 1.99% in March Despite Weekly Gains

The Nigerian equity market recorded a 1.99% decline in March, despite posting a gain of 0.67% in the final trading week. Friday, March 28, marked the last trading session of the month

Emmanuel Ochayi

March 29, 2025

NGX Set To Lose N60bn As MRS Oil Nigeria Plc Plans To Delist Shares

Business·Markets

NGX Set To Lose N60bn As MRS Oil Plans To Delist Shares

MRS Oil Nigeria Plc has finalised plans to voluntarily delist all its issued shares from the Nigerian Exchange Limited (NGX) and migrate to the NASD OTC Securities Exchange (NASD). This decision was

Emmanuel Ochayi

March 29, 2025

Nigeria's Port Harcourt Refinery Marks Six Months of Continuous Operation After 20 Years of Dormancy

Business·News·Oil & Gas

Port Harcourt Refinery Marks Six Months Of Continuous Operation After 20 Years Dormancy

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

Emmanuel Ochayi

March 28, 2025

Business·News

Focus On Most Vulnerable While Stabilising Economy – IMF Tells Nigerian Govt

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

Emmanuel Ochayi

March 28, 2025

Trump Slams 25% Tariffs On Imported Vehicles: What It Means For Other Countries

News·World News

What Trump’s 25% Tariffs On Imported Vehicles Means For Other Countries

World leaders have strongly criticised US President Donald Trump decision to impose a 25% tariff on imported vehicles and auto parts. The new tariffs, which will take effect on April 3, have

Emmanuel Ochayi

March 27, 2025

Nigerian Lawmakers Push Bill to Hand Over Control of Oil and Gas Resources To States

Business·News·Oil & Gas

Nigerian Lawmakers Push Bill to Hand Over Control of Oil, Gas Resources To States

Nigerian lawmakers are pushing for a major change in the governance of oil and gas resources. A bill before the House of Representatives seeks to remove the federal government’s exclusive control over

Emmanuel Ochayi

March 27, 2025

Africa·Business

10 African Countries With Highest Debt To IMF In March

The International Monetary Fund (IMF) has played a key role in Africa’s financial landscape for decades. Many African nations have relied on IMF loans to stabilise their economies, but these loans come

Emmanuel Ochayi

March 27, 2025

82 Million at Risk: The Grim Future of Hunger In Nigeria

Business·FEATURES

Grim Future Of Hunger In Nigeria: 82 Million At Risk

Hunger in Nigeria is worsening, with millions struggling to afford food. The United Nations warns that 82 million Nigerians—64% of the population—may go hungry by 2030. Rising inflation, poor policies, and insecurity

Emmanuel Ochayi

March 27, 2025

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Naira Ends Week With N30 Gain In Black Market: Hope For Naira?

Full List: African Countries With The Weakest Currencies

Nigeria’s Equity Market Declines By 1.99% in March Despite Weekly Gains

NGX Set To Lose N60bn As MRS Oil Plans To Delist Shares

Port Harcourt Refinery Marks Six Months Of Continuous Operation After 20 Years Dormancy

Focus On Most Vulnerable While Stabilising Economy – IMF Tells Nigerian Govt

What Trump’s 25% Tariffs On Imported Vehicles Means For Other Countries

Nigerian Lawmakers Push Bill to Hand Over Control of Oil, Gas Resources To States

10 African Countries With Highest Debt To IMF In March

Grim Future Of Hunger In Nigeria: 82 Million At Risk

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Naira Ends Week With N30 Gain In Black Market: Hope For Naira?

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