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Article 'Dangote Tops Africa’s Billionaires as Rabiu, Otedola, Adenuga Make Forbes’ 2025 List'- Nigeria News
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Article 'Filling Stations in Lagos Increase Petrol Prices by N70, Reaching N930 per Litre'- Nigeria News
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Article 'Economic Hardship: CBN Reveals Nigerians Borrowed N470 Billion in Personal Loans'- Nigeria News
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The Nigerian government has launched a free cesarean section and emergency pregnancy treatment program to reduce maternal mortality. Announced by Health Minister Ali Pate, the initiative covers life-threatening complications and vesicovaginal fistula treatment. Hospitals will be reimbursed...
Dangote Group paid ₦402.3 billion in taxes in 2024, emerging as Nigeria’s top taxpayer. Recognized by FIRS for tax compliance, the company, including Dangote Cement and NASCON, continues to drive industrial growth. Chief Branding Officer Anthony Chiejina reaffirmed Dangote’s commitment to...
![Today's Naira Rate [07-03-2025]: Naira Appreciates to N1,512/$ in Parallel Market, Official Rate Slips](/data/attachments/214/214166-0fb08536d850cb6a807146355debd9a2.jpg?hash=hFfFcRmkeL)
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Today's Naira Rate [07-03-2025]: Naira Appreciates to N1,512/$ in Parallel Market, Official Rate Slips
The naira appreciated to N1,512 per dollar in the black market while weakening slightly to N1,505 per dollar in the official forex market. The exchange rate gap narrowed to N7 per dollar as the CBN continued interventions. Experts assess the impact on inflation, imports, and investor confidence...
The Federal Executive Council (FEC) has approved ₦10.3 billion for HIV drugs, diabetes diagnostic kits, and medical equipment to improve healthcare access. The funds cover antiretroviral drugs, locally made test kits, essential medications, and hospital upgrades, reinforcing Nigeria’s commitment...
The Federal Government plans to reduce Nigeria’s 256 prisons, citing inefficiencies and overcrowding. Minister of Interior, Dr. Olubunmi Tunji-Ojo, proposed redistributing inmates and reforming correctional facilities to focus on rehabilitation. He also called for humane treatment of prisoners...
Nigeria’s Minister of Power, Adebayo Adelabu, says the proposed electricity tariff hike will boost available power generation to 7,000MW. He highlights recent milestones, including a record 5,801.84MW peak evacuation, and emphasizes tariff reforms to enhance sector liquidity, reduce subsidies...
![Today's Naira Rate [06-03-2025]: Naira Appreciates to ₦1,512 Per Dollar in Parallel Market](/data/attachments/214/214131-d02439c35f9abca9788b3e77aeaa33b6.jpg?hash=PERHMQHP25)
The Nigerian naira appreciated to ₦1,512 per dollar in the parallel market, narrowing the gap with the official exchange rate. However, fluctuations persist due to declining foreign reserves and forex market volatility. Analysts suggest further CBN intervention may be necessary to stabilize the...
The FCCPC has filed charges against MultiChoice Nigeria and CEO John Ugbe for allegedly violating regulatory directives and obstructing an ongoing investigation. The commission claims the company failed to comply with consumer protection laws. The lawsuit marks another regulatory crackdown on...
Two Nigerian entrepreneurs, Manzo Nyifamu Ogechi and Solape Akinpelu, have been named finalists for the 2025 Aurora Tech Award, competing for a $30,000 prize. The award, organized by inDrive, celebrates women-led startups driving innovation in fintech, agrotech, and other sectors. The winner...
Nigeria ranked sixth in the 2024 Global Terrorism Index, with 565 deaths linked to terrorism. Despite a 37% drop in attacks, fatalities increased by 6%. Boko Haram and ISWAP remain major threats, with the Sahel region accounting for over half of global terrorism deaths. Weak governance fuels...
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