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Controversy Trails NIMASA’s 15-Year Revenue-Sharing Deal with Private Firm Amid Cost Concerns

A proposed revenue-sharing agreement between the Nigerian Maritime Administration and Safety Agency (NIMASA) and Royal Diadem Consults Ltd has sparked…

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World Bank Projects Nigeria’s 2025 Inflation to Average 22.1% as Economic Stability Strengthens

The World Bank has projected Nigeria’s inflation rate will average 22.1% in 2025, as the Central Bank of Nigeria’s (CBN)…

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Bitcoin Breaks $104,900 Amid Trump-China Trade Breakthrough; Ethereum and Dogecoin Surge

Bitcoin (BTC) soared past $104,900 on Saturday night, rising 2% following a major diplomatic breakthrough between the United States and…

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Nissan to Cut 10,000 More Jobs Globally as $5 Billion Loss Looms

Beleaguered automaker Nissan is set to axe an additional 10,000 jobs worldwide, bringing its planned global workforce reduction to nearly…

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Nigeria Generates ₦7bn in Mining Fees as Minister Alake Urges Africa-Led Energy Transition

Nigeria raked in nearly ₦7 billion from mining license fees in the first quarter of 2025, a signal of rising…

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Nigeria Records Fastest Economic Growth in a Decade — World Bank

Nigeria’s economy experienced its fastest growth in nearly 10 years in 2024, propelled by a robust fourth quarter and stronger…

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MTN Group Posts Strong Q1 Growth, Powered by Nigeria and Ghana Units

MTN Group recorded robust growth in the first quarter of 2025, with service revenue rising 10.4% year-on-year, or 19.8% in…

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Nigeria Nears OPEC+ Quota as Crude Output Hits 1.486 Million Barrels Daily in April

Nigeria’s crude oil production climbed to an average of 1.486 million barrels per day (bpd) in April, according to fresh…

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Nigeria’s Debt Surges by ₦57.3tn Under Tinubu, Driven by Currency Crash and Domestic Borrowing

Nigeria’s public debt stock ballooned by ₦57.3 trillion within the first 18 months of President Bola Tinubu’s administration, reflecting a…

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CBN Raises Alarm Over Fake Contracts, Loans and Grants Circulating on Social Media

The Central Bank of Nigeria (CBN) has issued a fresh warning to the public, cautioning against fraudulent individuals and groups…

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