Nigeria Economy
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in BusinessDangote Seals $800 Million Deal with Chinese Engineering Giant to Double Ogun Cement Plant Capacity
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow Dangote Industries Limited has taken another major step toward expanding Nigeria’s industrial capacity after signing a landmark Memorandum of Understanding (MoU) worth over $800 million with China’s Sinoma International Engineering Co. Ltd. to significantly expand its cement manufacturing operations in Itori, Ogun State. […] More
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in Business
Dangote Refinery Ends Naira Fuel Sales, Switches to Dollar Pricing as Petrol Prices Set to Rise
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow Nigerians could soon face another increase in the cost of petrol and other petroleum products after Dangote Petroleum Refinery officially ended the sale of fuel in naira, adopting the US dollar as the sole currency for transactions at its loading depot. The new […] More
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in Business
Tinubu Moves to End Foreign Dominance in ₦3 Trillion Airtime Lending Market as Nigerian Firms Set to Take Over
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow The Federal Government is taking steps that could reshape Nigeria’s multi-trillion-naira airtime lending and data advance industry, with local technology firms positioned to play a greater role in a market long dominated by a foreign operator. The development follows reports that President Bola […] More
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in Big Story
Lagos Woman Sparks Outrage After Saying Men Earning Below ₦400,000 Monthly Should Not Marry
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow A Lagos-based woman has sparked widespread debate on social media after declaring that men who earn less than ₦400,000 per month should not get married or start a family in Nigeria’s current economic climate. The woman, whose comments were captured in a viral […] More
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in News
PenCom, NLC Unleash Nationwide Crackdown on Employers Owing Workers’ Pensions from June 1
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow The National Pension Commission and the Nigeria Labour Congress Lagos State Council have announced a major joint enforcement operation targeting employers who deduct pension contributions from workers’ salaries but fail to remit the funds to Pension Fund Administrators (PFAs). The large-scale crackdown is […] More
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in Business
Oil Mafia Tried to Stop Us for 5 Years — Dangote Opens Up on Battles Behind Africa’s Largest Refinery
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow Africa’s richest businessman, Aliko Dangote, has revealed the intense obstacles and powerful opposition he faced while building the $20 billion Dangote Refinery, now recognized as the world’s largest single-train refinery. Speaking about the massive undertaking, Dangote disclosed that what was initially envisioned as […] More
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in Big Story
BREAKING: Sanwo-Olu Approves Extra N50,000 Bonus for All Lagos Public Sector Workers in May
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow Lagos State Governor Babajide Sanwo-Olu has approved an additional N50,000 bonus for all public sector workers in the state for the month of May, delivering a major financial relief package to thousands of civil servants. The approval is expected to benefit workers across […] More
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in Business
CBN Raises ATM Card Fees by 50% — Nigerians to Pay ₦1,500 for New and Replacement Cards
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow The Central Bank of Nigeria (CBN) has announced a 50 percent increase in the cost of issuing and replacing ATM debit and credit cards, raising the fee from ₦1,000 to ₦1,500. The adjustment, which affects customers across commercial banks in Nigeria, is part […] More
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in Big Story
BREAKING: Central Bank of Nigeria Bans Dollar Payouts — Diaspora Remittances to Be Paid Only in Naira from May 1
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow In a sweeping foreign exchange reform, the Central Bank of Nigeria (CBN) has announced that all diaspora remittances into Nigeria will no longer be paid in US dollars or any foreign currency, mandating exclusive payout in naira effective May 1, 2026. The directive, […] More
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in Big Story
Tinubu Hosts Historic Interfaith Iftar at Aso Rock, Declares Nigeria’s Economy ‘Turning the Corner’
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow President Bola Ahmed Tinubu on Monday hosted a high-profile interfaith Iftar at the Presidential Villa in Abuja, bringing together prominent traditional rulers and religious leaders as Muslims observe Ramadan and Christians mark Lent. The gathering, held at the State House Banquet Hall, highlighted […] More
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in Business
Aliko Dangote Warns “No Power, No Growth” — Predicts ₦1,000/$ Naira by 2026 and Confirms Major Succession Move
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow Africa’s richest businessman, Aliko Dangote, has ignited fresh national debate after delivering a blunt warning on Nigeria’s electricity crisis and projecting a dramatic shift in the value of the Naira. Speaking at the launch of the National Industrial Policy 2025 in Abuja, the […] More
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Nigeria at 65: Tinubu, Jonathan, Sanwo-Olu Call for Unity as Citizens Balance Pride with Economic Concerns
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow Nigeria on Wednesday marked its 65th Independence Anniversary with nationwide celebrations, cultural performances, and community events, as leaders urged citizens to embrace unity and resilience amid economic and security challenges. In a national broadcast, President Bola Ahmed Tinubu reaffirmed his administration’s commitment to […] More
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