Nigeria’s foreign exchange market has recorded a major milestone after weekly turnover climbed to $4.375 billion, marking the first time in 2026 that trading activity has crossed the $4 billion mark. The surge reflects improving liquidity and stronger participation in the country’s official FX market. According to market data, the increase was driven largely by…
The African Development Bank (AfDB) has warned that a potential “Super El Niño” weather event could inflict between $10 billion and $20 billion in economic losses across Africa, with Nigeria listed among the countries at risk of severe impacts. Speaking to Reuters, AfDB Director for Climate Change and Green Growth, Anthony Nyong, said the anticipated…
Nigeria’s 2026 Appropriation Act has come under fresh scrutiny after civic technology organization Tracka revealed that the Federal Government allocated ₦962.83 billion for the procurement of 39 Sport Utility Vehicles (SUVs) and 2,579 empowerment projects—an amount that exceeds the combined budgets of seven key federal ministries. According to Tracka’s budget review, ₦15.13 billion has been…
Team Nigeria’s impressive run at the 2026 Commonwealth Games in Glasgow continued on Sunday as Ruth Asuquo Nyong claimed a silver medal in the women’s 48kg weightlifting event, adding another podium finish to the country’s growing medal tally. Nyong produced a determined performance, lifting a combined total of 168kg to secure second place. She sealed…
The Manufacturers Association of Nigeria (MAN) has raised fresh concerns over the country’s rising production costs, warning that Nigerian factories are paying up to 10 times more for electricity than manufacturers in parts of Asia, making it increasingly difficult for local industries to compete globally. Speaking on the challenges facing the manufacturing sector, industry leaders…
Former Anambra State Governor and 2027 presidential hopeful Peter Obi has defended his record on asset declaration, state savings and the allegations linked to the Pandora Papers, insisting he complied with Nigerian law while in office. Speaking during an interview on Channels Television, Obi said he declared all his assets in both Nigeria and the…
Thousands of Nigerians took to the streets of Lagos on Saturday as part of a 60-day prayer walk, gathering to pray for peace, economic recovery and an end to some of the country’s biggest challenges. Participants carried placards with messages calling for an end to corruption, insecurity, fraud, poverty and other social issues. Some banners…
Afrobeats icon D’banj has added another milestone to his career after becoming the first Nigerian entertainer to ring the closing bell at the London Stock Exchange (LSE) during celebrations marking the 125th anniversary of the Royal African Society. The award-winning singer, whose real name is Oladapo Oyebanjo, shared the achievement on his verified social media…
The Lagos State Government has clarified that there is no restriction on movement during the monthly environmental sanitation exercise, warning that any arrest or detention of residents solely for moving around during the exercise is unlawful. The clarification was issued on Saturday by the Commissioner for the Environment and Water Resources, Tokunbo Wahab, following reports…
President Bola Tinubu has accused former Vice President Atiku Abubakar of leaving behind unpaid pension liabilities during the privatization of government-owned enterprises under the Olusegun Obasanjo administration, saying his government is now working to resolve the issue. Tinubu made the remarks at the Presidential Villa in Abuja while receiving a delegation of North-East stakeholders who…
