7 h. ago Top 10 African countries with the most gold reserves in 2025

Gold reserves play a key role in financial stability, protecting national economies from inflation, currency depreciation, and financial instability. African read more Top 10 African countries with the most gold reserves in 2025

Politics

18 h. ago Vehicle, essential goods, luxury imports plunge as FX float dampens demand

•Importers, clearing agents lament By Steve Agbota                                    styvenchy@yahoo.com    The floating of the naira has triggered a notable plunge in luxury imports (from 70 to 30 per cent), as soaring exchange rates drive up costs and dampen demand. […] The post Vehicle, essential goods, luxury imports plunge as FX float dampens demand appeared first on The Sun Nigeria.

Politics

29 h. ago Naira crude sales boost local refineries, cut FX risks – Tinubu

The Federal Government said the introduction of the sale of crude oil in Naira was a strategic move to enhance the operational efficiency of local refineries by reducing foreign exchange risks and transaction costs. President Bola Tinubu made this known on Tuesday, while officially declaring the eighth edition of the Nigeria International Energy Summit open Read More

Politics

32 h. ago Naira rises to N1,485 on black market on improved dollar liquidity

The naira rose to N1,485 on the black market following improved dollar liquidity as foreign exchange policies support the naira. read more Naira rises to N1,485 on black market on improved dollar liquidity

Politics

35 h. ago Govts urged to explore tenement rates for economic growth, development 

Tribune Online Govts urged to explore tenement rates for economic growth, development  Governments have been urged on the need to reposition tenement rate administration effectively for the nation’s economic growth and development. Through effective tenement rates administration,  the former President of NIESV, Dr. Emma  Okas Wike, who doubles as Keynote Speaker during the 31st  John  Wood Ekpenyong Annual Memorial Lecture/ 2025 Fellow’s Induction Compendium of the Nigerian […] Govts urged to explore tenement rates for economic growth, development  Tribune Online

Politics

36 h. ago ‘Government must declare state of emergency on unemployment’

Tribune Online ‘Government must declare state of emergency on unemployment’ Professor Mahfou A. Adedimeji is a two-time Vice-Chancellor, currently with African School of Economics, Pan-African University of Excellence, Abuja. In this interview with CHRISTIAN APPOLOS, he speaks about the current economic situation in the country, possible solutions and other issues. NIGERIA is currently facing significant economic challenges, including inflation, high unemployment, and sluggish growth. In […] ‘Government must declare state of emergency on unemployment’ Tribune Online

Politics

36 h. ago Drama Unfolds As Caroline Hutchings, Ehi Ogbebor Engage In Heated Online Feud

A heated exchange of words has broken out between Nigerian actress Caroline Hutchings and celebrity interior designer Ehi Ogbebor on social media. The feud began when Caroline voiced her dislike for Ehi during an episode of Real Housewives of Lagos (RHOL) and accused her of sabotage. Ehi hit back with a harsh post on Instagram, […] The post Drama Unfolds As Caroline Hutchings, Ehi Ogbebor Engage In Heated Online Feud appeared first on Information Nigeria.

Politics

39 h. ago Why exchange rate, not interest rate, may be CBN’s best tool against inflation

The excessive use of mathematics in economics has often been criticised as akin to killing an ant with a sledgehammer. read more Why exchange rate, not interest rate, may be CBN’s best tool against inflation

Politics

44 h. ago Subscribers lament as MultiChoice raises DStv subscription by 21%

Pay-TV operator MultiChoice Nigeria has announced a 21 per cent increase in the subscription fee for its DStv Compact package, raising the price from N15,700 to N19,000, effective March 1, 2025. This latest adjustment follows a similar price hike in May 2024, which the company attributed to inflation and rising operational costs in Nigeria. The Read More

Politics

47 h. ago Gov Aliyu champions social media as tool for effective governance

Tribune Online Gov Aliyu champions social media as tool for effective governance Governor Ahmed Aliyu of Sokoto State has reaffirmed the growing significance of social media in rapid information dissemination, emphasising its ability to surpass traditional media in reach and immediacy. Speaking at the opening of a two-day training workshop for social media aides and influencers in Sokoto, Governor Aliyu—represented by his Deputy, Alhaji Idris Mohammed Gobir—highlighted […] Gov Aliyu champions social media as tool for effective governance Tribune Online

Politics

51 h. ago Naira rally: Rewane clears air on CBN’s $8bn FX intervention

Naira’s rally in recent times hasn’t been solely due to direct interventions by the central bank. Bismarck Rewane, CEO of read more Naira rally: Rewane clears air on CBN’s $8bn FX intervention

Politics

58 h. ago Nigeria’s interest rate pause sparks mixed reactions across market

For the first time in about three years, Nigeria’s Monetary Policy Committee (MPC) decided to pause its aggressive interest rate read more Nigeria’s interest rate pause sparks mixed reactions across market

Politics

60 h. ago Inflation fears, German election results drive Asian markets slip

Asian markets mostly fell Monday following a dour end to last week for Wall Street fuelled by disappointing economic data, but Frankfurt and the euro rose after conservatives won Germany’s closely watched election. After a healthy performance on Friday, Asian investors struggled to maintain momentum after big losses in New York, where the Nasdaq lost Read More

Politics

63 h. ago Consumer goods stock surges by 6.6 per cent inanticipation of Ramadan

Tribune Online Consumer goods stock surges by 6.6 per cent inanticipation of Ramadan As Muslim faithfuls worldwide prepare for the holy month of Ramadan which begins in few days, the Consumer Goods index of the Nigerian Exchange maintained bullish performance last week with the benchmark NGX All-Share Index (ASI) rising by 0.41 percent week-on-week (WoW) to close at 108,497.40 basis points. Across the sectoral front, market performance was […] Consumer goods stock surges by 6.6 per cent inanticipation of Ramadan Tribune Online

Politics

65 h. ago MPC’s rate pause: Gauging impact of naira gains amid cooling inflation

By Uche Usim The Central Bank of Nigeria’s (CBN) first Monetary Policy Committee (MPC) meeting of 2025 signaled a strategic shift in the nation’s economic trajectory. For the first time since May 2022, the committee decided to pause its aggressive rate hikes, showing confidence in a more stable economic outlook. The decision came on the […] The post MPC’s rate pause: Gauging impact of naira gains amid cooling inflation appeared first on The Sun Nigeria.

Politics

66 h. ago Senate queries SEC’s N1.4bn electricity allocation in 2025 budget

From Adesuwa Tsan, Abuja The  Senate Committee on Capital Market has queried the Securities and Exchange Commission (SEC) over the allocation of expenditure profile in the 2025 budget, with N1, 464 billion earmarked for only electricity. It, however, applauded the revenue profile of the budget. On Thursday, February 13 passed the N54.99 trillion 2025 budget […] The post Senate queries SEC’s N1.4bn electricity allocation in 2025 budget appeared first on The Sun Nigeria.

Politics

66 h. ago Maintaining MPR at 27.50 per cent, beginning of better deal for business —LCCI

Tribune Online Maintaining MPR at 27.50 per cent, beginning of better deal for business —LCCI THE Lagos Chamber of Commerce and Industry (LCCI) has commended the latest decision by the Monetary Policy Committee of the Central Bank of Nigeria (CBN) to retain the Monetary Policy Rate (MPR) at 27.50 percent, describing it as the beginning of a better deal for the business community, regarding credit cost. The Chamber, in a […] Maintaining MPR at 27.50 per cent, beginning of better deal for business —LCCI Tribune Online

Economics

3 d. ago Zelensky offers to resign in exchange for Ukrainian NATO membership

Volodymyr Zelensky said Sunday — the eve of the third anniversary of Russia’s invasion — that he was ready to quit as Ukraine’s president if it meant Kyiv would be admitted to the NATO military alliance. Zelensky, who has faced fierce criticism from the new US administration, said he wanted to meet Donald Trump before Read More

Politics

3 d. ago I’m willing to join NATO, step aside as Ukraine’s President — Zelenskyy

Tribune Online I’m willing to join NATO, step aside as Ukraine’s President — Zelenskyy Ukrainian President Volodymyr Zelenskyy has expressed his willingness to relinquish his position if it would secure peace for Ukraine, suggesting this could be in exchange for the country’s accession to NATO. Speaking on the eve of the third anniversary of Russia’s large-scale invasion, he acknowledged growing pressure from Washington to engage in peace negotiations. “If […] I’m willing to join NATO, step aside as Ukraine’s President — Zelenskyy Tribune Online

Politics

3 d. ago ‘Govt Must Not Get Comfortable With Rebased Inflation Figure’

Lagos Chamber of Commerce and Industry (LCCI) has said the government must not get comfortable with a rebased inflation figure and lose the fight against inflationary pressures. The Chamber stated this in a statement titled, ‘Beyond the Numbers: Ensuring Real Economic Relief For Nigerians’. The director-general of LCCI, Dr. Chinyere Almona said that the latest […]

Politics