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December 10, 2025
Thursday, December 11, 2025
Economy
8 Minutes
Special Report: Nigerians Groan Over The Rising Prices Of Commodities
This is not the best of times for Nigerian families, who have had to adopt bizarre cost-cutting measures to cope with the recent hardship occasioned by the dramatic hike in the prices of goods...
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2 Minutes
‘Beneficiaries Won’t Pay Back’ — BOI To Disburse N200bn To SMEs, Manufacturers
The federal government says it has established three funds, totalling N200 billion, to support businesses and manufacturers across Nigeria. According to a statement on Friday, the funds include the presidential conditional grant scheme, the...
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4 Minutes
Special Focus On How Dollarisation Causes Setback To Housing For Poor Initiative
Nigeria’s real estate sector operators may be struggling between the devil and the deep sea as they joggle the impact of exchange rate volatility on their business. At the backdrop of the recent massive...
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2 Minutes
Our Policies Are Working, $1bn Came Into The Market In Past Few Days – Cardoso
The Governor of the Central Bank, Yemi Cardoso says the measures taken so far by the apex bank to stabilize foreign exchange rates have started yielding positive results. He noted that these measures would...
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3 Minutes
Forex Crisis: EFCC 7,000-man Task Force Goes After Dollar Racketeers
In a move to reduce the pressure on the naira, the Economic and Financial Crimes Commission has raised a 7,000-man special task force across its 14 zonal commands to clamp down on dollar racketeers....
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3 Minutes
Inflation Crisis: We’re Worried By Rising Living Costs, Niger, Kano Protests – FG
The Federal Government has expressed worry over the rising prices of food and commodities in the country, which led to protests in Niger and Kano, respectively. Minister of Finance and Coordinating Minister of the...
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2 Minutes
Fuel Queues: NNPCL Allays Fear Of Scarcity, Discloses Cause Of Long Queues In Some Filling Stations
The Nigerian National Petroleum Company Limited has explained the cause of the long queues in some filling stations in Lagos State. The NNPCL said the “tightness” was a result of what it called a...
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2 Minutes
Nigerians Hope For Economic Relief As States Receive N3.3tn Allocations
Federal Account Allocation Committee’s statutory allocations to the 36 states and 774 local government areas between July and December 2023 rose to N3.34tn in the post-fuel subsidy era, according to figures obtained from the...
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4 Minutes
Power Generation Crashes To 59MW After Fresh Grid Collapse
Power generation on the national grid crashed to 59.9 megawatts around 12 pm on Sunday as the country’s grid witnessed a nationwide collapse. Data obtained from the Federal Ministry of Power showed that electricity...
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4 Minutes
Operation Rescue Naira: FG Considers Converting $30bn Domiciliary Deposits To Naira
There are strong indications that the Federal Government is mulling a policy that will result in the conversion of foreign currencies in domiciliary accounts of citizens to naira to stabilise the national currency, which...
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