All 21 Adamawa local government chairmen and 226 councillors have defected from PDP to APC, citing loyalty to Governor Ahmadu Fintiri and a progressive vision.
Onafriq is closing Baxi PoS operations as inflation, naira depreciation and competition bite. Agents are given 30 days to move funds; the firm stays in Nigeria too.
The naira fell 0.57% amid surging dollar demand, while Nigeria's reserves rose to $46.81 billion. Oil prices dropped, impacting export earnings and currency.
Court documents reveal Jeffrey Epstein's withdrawal from trading Nigerian crude due to fraud fears linked to NNPCL, exposing Nigeria's oil sector governance issues.
Nigeria's exchange-rate gap has exceeded 6%, raising FX arbitrage concerns. While the naira strengthens officially, parallel market pressures persist.
The naira strengthens to ₦1,358 per dollar, the best in 24 months, driven by improved dollar liquidity and investor sentiment, easing pressure on importers.
IMF forecasts Nigeria's GDP to rise to $334 billion by 2026, overtaking Algeria as Africa's third-largest economy amid ongoing economic reforms and optimism.
BudgIT Tracka has identified five states with the highest number of fraudulently delivered projects under Nigeria’s 2024 federal government budget.
BudgIT Tracka found that only about 52% of federal government's capital projects under the 2024 budget were completed nationwide, despite claims of good performance.
Men of the Nigeria Customs Service (NCS), Zone ‘A’, Ikeja, have intercepted prohibited items valued at N3.32 billion across Lagos and neighbouring areas.
Business confidence in Nigeria hit a six-month low in January 2026, as rising costs and new taxes hampered growth, despite ongoing optimism for future stability.
Economy
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