In a revealing report by the National Bureau of Statistics (NBS), a staggering 85.6% of Nigeria’s working population is self-employed, highlighting the dominance of the informal sector in the nation’s…
Overview: Israel and Hezbollah, the Shiite militant group based in Lebanon, are reportedly close to finalizing a U.S.-brokered ceasefire agreement that could bring a temporary halt to over a year…
November 26, 2024 – The Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) to 27.50%, marking a 25 basis point rise from the previous rate of…
Nigeria’s manufacturing sector has faced a staggering 90.11% decline in GDP growth for Q3 2024, signaling a critical juncture for one of the nation’s economic pillars. This unprecedented contraction has…
In an era where connectivity defines progress, Nigeria is making ambitious strides to bridge its digital divide. With the goal of achieving 70% broadband penetration by 2025 as outlined in…
As November ends, Nigerian investors are bracing for a week that could shape market sentiment heading into December. Persistent inflationary pressures, shifting foreign exchange dynamics, and potential corporate and policy…
The Federal Capital Territory (FCT) High Court in Abuja has granted former Minister of Aviation, Hadi Sirika, permission to travel abroad to accompany his ailing mother for medical treatment. This…
The Nigerian National Petroleum Company Limited (NNPCL) has unveiled the Utapate crude oil blend, a new addition to Nigeria’s energy export portfolio. Currently producing 40,000 barrels per day (bpd), the…
The Lagos State Government has issued a stern warning to contractors involved in its ongoing housing projects, emphasizing that any delays will be met with strict consequences, including possible contract…
Nvidia Corporation, the leader in AI and GPU technology, released its Q3 fiscal 2024 earnings, surpassing many expectations while highlighting both opportunities and challenges. As the “Age of AI” continues…