By BIMBO ADEYEMI ₦372,300 Needed Monthly to Survive in Nigerian Cities, Analysis Finds A single worker living in an urban centre in Nigeria would need about ₦372,300 every month to meet basic expenses and maintain a modest level of financial security, according to an analysis. The estimate is more than five times the current ₦70,000 […]
By FIDELUS ZWANSON NIGERIA’S inflation rate is showing signs of moderation, but the improvement is not being experienced equally across households and businesses. Headline inflation slowed to 15.39% year-on-year in August 2026, down marginally from 15.43% in July, according to the National Bureau of Statistics. The figure represents the third consecutive month of moderation. On […]
By ETETE EKONG THE Cross River Government has unveiled plans to build a livestock economy worth more than ₦100 billion by 2033, with organised ranching, livestock production clusters and improved animal-health infrastructure forming key parts of the strategy. The plans are contained in the state’s proposed seven-year Livestock Development Roadmap for 2027–2033. The Special Adviser […]
By PAULINA NZERUBE THE Delta State Government says its economic reforms and empowerment programmes are aimed at increasing residents’ purchasing power and stimulating activities at the grassroots. Commissioner for Works (Rural Roads) and Public Information, Charles Aniagwu, disclosed this on Friday during a press briefing in Asaba. ₦5bn Target for 100,000 Residents Aniagwu said the […]
By NINI NDUONOFIT-AKOH NIGERIAN households are facing another round of pressure as rising energy costs increasingly stretch family budgets. The latest increase in cooking gas prices has come on top of higher transportation costs following the recent rise in petrol prices. In Lagos, Liquefied Petroleum Gas (LPG) was reported at about ₦1,600 per kilogramme at […]
By FRANKLIN FRANCIS FREY Faster Payments Enter Central Africa CROSS-border payments in Africa are entering a new phase as the Pan-African Payment and Settlement System (PAPSS) expands into Central Africa. The Bank of Central African States (BEAC) joined PAPSS on 9 July 2026. The move brings the six countries of the Central African Economic and […]
By FIDELUS ZWANSON NIGERIA’S capital market could receive a major boost from the Dangote Petroleum Refinery and Petrochemicals IPO, with the Federal Government projecting that the listing could add about $60 billion to the Nigerian Exchange’s equity market capitalisation. The Minister of Industry, Trade and Investment, Jumoke Oduwole, made the projection while expressing support for […]
By DAVID JOHN-FLUKE NIGERIA’S financial inclusion drive is reaching a new stage. More adults are using formal financial services. Digital payments and mobile money are becoming part of everyday life. Formal savings have expanded, and overall financial exclusion has declined. Yet the 2026 Access to Financial Services in Nigeria (A2F) Survey by Enhancing Financial Inclusion […]
By PAULINA NZERUBE Tinubu Reforms: Aniagwu Says More Money Is Reaching Delta Households DELTA State Commissioner for Works (Rural Roads) and Public Information, Charles Aniagwu, says the economic reforms of President Bola Tinubu’s administration are beginning to stimulate purchasing power and economic activity at the grassroots. Aniagwu said the benefits of the Federal Government’s Renewed […]
By FIDELUS ZWANSON India Wants Crude Trade Revived INDIA is seeking renewed purchases of Nigerian crude oil as both countries work to rebuild bilateral trade, which once approached $15 billion. The push emerged from a bilateral meeting between Vice President Kashim Shettima and Indian Prime Minister Narendra Modi on the sidelines of the BRICS Leaders’ […]