Abuja, the capital city of Nigeria, has been granted financial autonomy by President Bola Tinubu, according to a decision confirmed by government officials. Abuja can manage its finances and resources …
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Sony Group Corporation, the Japanese multinational conglomerate, has announced the launch of a new fund to support the growth of entertainment businesses in Africa. The fund, named Sony Innovation Fund: …
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Nigeria is set to join the global race for electric vehicle production as it inaugurates its first lithium battery factory in Nasarawa State. The $250 million project, funded by China’s …
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The Labour Party presidential candidate Peter Obi challenged President Bola Tinubu to reveal his true identity and academic credentials to the public. Obi said Nigerians have the right to know …
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Nigeria’s naira currency has fallen to a new low of N1040 per dollar in the parallel market, where most Nigerians buy and sell foreign exchange. This is according to a …
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Nigerian banks have increased their lending to the private sector to a record high of N54.76 trillion in August 2023, partly driven by the foreign exchange revaluation gains from the …
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Three years after the historic #EndSARS protests that rocked Nigeria in October 2020, many victims of police brutality are still waiting for justice and compensation. The peaceful demonstrations, sparked by …
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Shola Adepoju, the former Director-General of the Forestry Research Institute of Nigeria (FRIN), is facing serious allegations of fraud and mismanagement. He is accused of diverting government-owned vehicles and equipment …
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Nigerian brewers face tough times as the country’s foreign exchange crisis has doubled their finance costs. This, coupled with rising inflation and supply chain disruptions, is putting a strain on …
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Nigeria, Africa’s largest economy, faces a serious challenge of rising foreign debt as investors shun its domestic market. According to a National Bureau of Statistics report, Nigeria borrowed $1.21 billion …
