Nigeria’s diaspora remittances have reached an unprecedented $20.93 billion in 2024, according to the latest economic data released by the Central Bank of Nigeria (CBN), signaling growing confidence in the country’s financial reforms and foreign exchange policies. The apex bank disclosed this figure yesterday during its quarterly economic briefing in Abuja, representing a significant increase
Former presidential candidate and Labour Party flagbearer, Peter Obi, has raised alarm over what he described as Nigeria’s “dangerous trajectory toward systemic failure,” citing widespread insecurity, economic deterioration, and governance challenges. Speaking yesterday at a leadership summit in Lagos, the former Anambra State governor painted a grim picture of the nation’s current state, pointing to
The Oyo State Government has taken a significant step toward revolutionizing agricultural marketing in Nigeria by signing a strategic cooperation agreement with Semmaris, the renowned French company that manages the world-famous Rungis International Market in Paris. The landmark agreement, signed this morning in Paris, France, paves the way for the development of a modern agri-food
The Federal Government has unveiled ambitious plans to transform Nigeria’s livestock industry into a major economic powerhouse, with projections indicating potential annual revenues of N150 billion from the sector. During a stakeholder engagement forum held yesterday in Abuja, the Minister of Agriculture and Rural Development highlighted the untapped potential of Nigeria’s livestock resources, which include
Tensions ran high in Ondo State yesterday as hundreds of youth staged a peaceful demonstration in the capital city, demanding the immediate and unconditional release of seven youth activists who were detained following last week’s community development forum. The protesters, mostly university students and young professionals, gathered at Democracy Park around 9am before marching through
Some relief came the way of investors in the Nigerian Exchange Limited as the trading day ended on a positive note with N100.45bn in gain.On Monday, the market capitalization of the Nigerian Exchange Limited shed N658.23bn to close at N65.49tn as the market reacted to the uncertainty in the global economy. The US stocks fell
The National Pension Commission has revealed that Nigeria’s pension industry has invested a total of ₦5.51trn in asset classes targeted at supporting long-term financing for the country’s real sector growth. This was disclosed during a high-level meeting between PenCom officials and a visiting International Monetary Fund delegation, which held discussions as part of the IMF’s
Lagos is preparing to host an extraordinary gathering of political and business leaders as the Nigerian-American Chamber of Commerce (NACC) marks its 65th anniversary and swears in its 20th president, Alhaji Sheriff Balogun, on April 12, 2025. The prestigious event is scheduled to take place at the Lagos Continental Hotel on Victoria Island. Under the
The Federal Government has issued a stern warning to illegal miners in Zamfara, instructing them to vacate all mining sites without delay. This directive follows recent incidents of lead poisoning in Bugundu Local Government Area of the state. The government emphasized that all mining activities will remain on hold until the release of a set
The National Security Adviser (NSA), Mallam Nuhu Ribadu, has issued a stern warning against the payment of ransom to terrorists, kidnappers, and other criminal elements in the country. Ribadu’s call came after the rescue of over 60 individuals who had been held captive for more than a month by kidnappers in Kaduna, as a result
