Airlines suspend shutdown plan after FG intervention
Airline operators in Nigeria have shelved their planned nationwide shutdown of flight operations after an appeal by the Federal Government (FG). The operators, under the Airline Operators of Nigeria, had earlier warned that they would halt services due to rising jet fuel costs, which they described as unsustainable for their operations. The planned shutdown raised […]
Naira edges higher to ₦1,345/$, gap with parallel market narrows today, April 21
The Nigerian Naira sustained its upward trend in the foreign exchange market on Tuesday, April 21, 2026, as early trading reflected continued efforts to close the gap between official and parallel market rates. At the Nigerian Foreign Exchange Market (NFEM), the currency traded at an average of N1,345.47 per dollar in early sessions, marking a […]
Naira dips slightly at official market, holds steady in parallel segment April 20
The Nigerian Naira opened the week on a mildly weaker note across segments of the foreign exchange market, reflecting sustained demand for the United States Dollar. At the Nigerian Foreign Exchange Market (NFEM), the local currency traded at an average of ₦1,347.33 per dollar during early Monday transactions, marking a slight depreciation compared to last […]
FG pays ₦75,000 to 9.2 million Nigerians under new cash transfer programme
Nigeria’s long-running battle against poverty is entering a critical phase with the rollout of the Prosperity and Empowerment Cash Transfer Programme (HoPE-CT), a major federal (FG) intervention aimed at easing hardship for millions of vulnerable households. Read more breaking stories from our latest Nigeria news With more than 9.2 million beneficiaries already reached, according to […]
IMF says Nigeria’s debt-to-gdp ratio to rise to 33.1% by 2027
The International Monetary Fund (IMF) has projected that Nigeria’s debt-to-gross domestic product (GDP) ratio will rise to 33.1% by 2027, a period when the country is expected to hold general elections. Although the figure represents a downward revision from the 35.3% estimate released in October, it is still higher than the 32.3% projected for 2026. […]
After a year of decline, Inflation is rising again — Here’s what changed
The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate rose to 15.38 percent in March 2026, up from 15.06 percent recorded in February. Read more breaking stories from our latest nigeria news The latest figure marks the first increase in 12 months, following a steady decline that began in April 2025, according to the […]
Dangote Refinery cuts petrol price amid global oil decline
The Dangote Refinery has reduced the ex-gantry price of Premium Motor Spirit (PMS), commonly known as petrol, by N75 to N1,200 per litre, providing a measure of relief to consumers and industry players. The price adjustment, confirmed by industry insiders on Wednesday, comes shortly after the refinery had raised petrol prices to approximately N1,275 per […]
What it’s really like to live in Agege right now
LAGOS, Nigeria, In Agege, one of Lagos’ busiest districts, life is changing fast, and not everyone is keeping up. For more updates, follow the latest in economics At a roadside stall, 28-year-old food vendor Sadiq watches customers argue over the price of a plate of rice. Just months ago, it was cheaper. Now, everything costs […]
Pound to Naira rate today: GBP drops nearly 8% year-on-year
The British pound to Nigerian naira exchange rate stood at ₦1,826.34 per £1 on Tuesday, March 31, 2026, according to data from eurochange and Western Union. While the pound recorded a slight gain within 24 hours, the broader trend shows a steady decline over the past year. Read more latest report from new daily economy GBP […]
CBN affirms fight against inflation
By Clement Abayomi The Central Bank of Nigeria (CBN) has confirmed its commitment to fighting inflation, stabilising the national economy through new reforms. Read more latest report from new daily economy The bank’s Acting Director of Corporate Communications, Mrs. Sidi Ali Hakama, during the 37th Enugu International Trade Fair, stated that the bank’s policies have […]