BUSINESS
Lagos Govt To Demolish Distressed Buildings In Alaba International Market
The Lagos State Government on Friday began the process toward the removal of distressed buildings in the Alaba International Market in Ojo Local Government of the state. The News Agency of Nigeria (NAN) reports that the enforcement team of the Lagos State Building Control Agency (LASBCA) and the Lagos State Task Force embarked on the joint exercise. The team which went...
IMF Says South Africa May Overtake Nigeria As Africa’s Biggest Economy
The International Monetary Fund (IMF) has disclosed in its forecast that South Africa may topple Nigeria as Africa’s biggest economy. According to the IMF World Economic Outlook, South Africa, the most industrialised country on the African continent is reaching towards achieving $401 gross domestic product (GDP) in 2024. The global financial institution, however, envisioned that based on current prices, Nigeria and...
“Nigeria’s Gross Domestic Increases By 4.23%” – NBS
Nigeria’s Gross Domestic Product rose by 4.23 per cent year-on-year in real terms in the second quarter of 2025, according to the latest figures released on Monday by the National Bureau of Statistics. The performance was stronger than the 3.48 per cent growth recorded in the same period of 2024, showing that the economy gained momentum despite persistent structural challenges....
Ex-Gov Ikpeazu Expresses Happiness As AfDB Approves $115m Infrastructure Loan For Abia
The immediate past Governor of Abia State, Dr Okezie Ikpeazu has expressed deep delight at the final approval given by the Africa Development Bank (AfDB) Infrastructural Loan Facility for Abia State. Few days ago, the Board of Directors of the Bank gave final approval for the sum of 115 Million Dollars to support major infrastructural development projects across the commercial...
We’re Worried Over Rejection Of Nigeria’s Food Items Abroad, FG Laments
The federal government has said it is working hard to stop the rejection of Nigeria’s food items and other goods exported out of the country, describing the situation as worrisome and affecting the country economically. The Minister of Health, Dr Osagie Ehanire, spoke in Lagos during the opening of a six-day training for members of the National Codex Committee on...
Subsidy Removal: Meeting Between FG, Labour Leaders Ends In Deadlock
The meeting between the Federal Government and the Nigerian Labour Congress (NLC) over fuel subsidy removal has ended without a consensus. The meeting began around 4 pm on Wednesday at the Presidential Villa, Abuja. Representatives of the Federal Government included Dele Alake, the spokesperson for President Bola Tinubu; and the Group CEO of the Nigerian National Petroleum Company (NNPC) Limited, Mele...
Naira Faces Fresh Pressure as Parallel Market Rates Weaken Despite Official FX Stability
The Nigerian Naira began the week under renewed pressure in the unofficial foreign exchange market, commonly referred to as the black or parallel market. On Monday, November 24, 2025, the Dollar-to-Naira rate in the parallel market traded around levels notably weaker than those reported on the Nigerian Foreign Exchange Market (NFEM). Key Parallel Market Rates: Buying (Dealers buy from the public):...
Let’s Be Patient With Tinubu, He Inherited “Almost Comatose” Administration — Abiodun
Governor Dapo Abiodun of Ogun State believes Nigerians should be patient with President Bola Tinubu’s government which, according to him, inherited an “almost comatose” administration. Tinubu came to power in May – taking over from Muhammadu Buhari of the same APC and quickly introduced economic reforms aimed at restoring public finances and attracting more foreign investment. His administration has ended...
FG Targets Five Million Jobs From €995m Agric Programme
The Federal Government says it is targeting about five million jobs for farmers through the €995m agricultural mechanisation programme. The initiative was aimed at boosting food security for the country. ABN TV reports that under the initiative, it added that facilities comprising tractors and other agricultural machinery were expected to be leased out to Nigerian farmers. It stated that this was coming...
Naira Will Become Stronger Again —Adeboye
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, says the naira will regain its strength among the league of currencies. He stated this on Saturday morning during the Church’s annual Holy Ghost Congress held at the RCCG International Headquarters along the Lagos-Ibadan Expressway. GLONAT reports that the 78-year-old cleric prayed to God to intervene in Nigeria’s...
