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    Analysis

    Nigeria to receive $1.3 billion from EU to diversify its economy

    Godwin Okafor -
    ABUJA- The European Union (EU) and its development finance institutions will provide Nigeria with 1.29 billion euros ($1.3 billion) to help Africa’s most populous country diversify its economy away from oil, a document from the bloc showed on Monday. Nigeria has been trying to broaden its economy and exports outside the oil sector, which accounts for about 7% of Nigeria’s...

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    COMMODITIES

    Maize

    Nigeria begins trials for new Tela maize variety

    Naija247news Media Group -
    By Olayinka Olawale Lagos, June 22, 2022 The National Biotechnology Development Agency (NBDA) says a trial phase for the new TELA Maize is ongoing...
    Gold

    Gold prices inch lower as firm dollar dents appeal

    News Wire -
    Spot gold was down 0.2% at $1,836.67 per ounce, as of 0203 GMT. U.S. gold futures were flat at $1,840.00. Gold extended losses on Monday as...
    Cocoa

    Nigeria’s Cocoa production to hit 500,000 tonnes by 2024

    Naija247news Media Group -
    By Doris Esa Abuja, June 16,2022 The Minister of Agriculture and Rural Development, Dr Mohammad Abubakar, has reiterated the commitment of the Federal Government to...
    Wheats

    650 000 hectares of agricultural land lay waste in Northern states as Nigeria spends $2 billion on wheat imports in 24 months

    Godwin Okafor -
    With a 650 000 hectares of available agricultural land lay waste in Northern states, Nigeria imported an average of $2 billion worth of wheat...
    Wheats

    AfDB targets wheat importation cut in Nigeria by 40% by 2023

    Naija247news Media Group -
    By Ginika Okoye Accra (Ghana), May 27, 2022 The African Development Bank (AfDB) says the heat-tolerant wheat production, being supported by the Bank in Nigeria,...
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    MARKETS & INVESTING

    Everything you need to know about the re-reboot of your favourite childhood flick.

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    ARTS & CULTURE

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    Financials

    CBN urges OFIs to strengthen cybersecurity to remain safe

    Oche Maria Faustina -
    CBN Governor The Central Bank of Nigeria (CBN), has released a new framework to check cybersecurity in Other Finical Institutions (OFIs). This is contained in a...
    Analysis

    FirstBank launches single-digit loan for women-owned business, reinforces its role in strengthening gender inclusion in Nigeria

    Kingsley Ogbodu -
    The FirstGem fund (FirstGem loan) is a single-digit loan scheme, exclusively designed to put women at an advantage in contributing to the socio-economic development...
    Banks & Finance

    Fitch Affirms Ecobank Nigeria at ‘B-‘; Outlook Stable

    Godwin Okafor -
    Fitch Ratings - London - 22 Jun 2022: Fitch Ratings has affirmed Ecobank Nigeria Limited's (ENG) Long-Term Issuer Default Rating (IDR) at 'B-' with...

    LAW & JUSTICE

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    Business News

    Sahara Power promotes environmental sustainability with gree’n’lectric

    The launch of gree’n’lectric, a wholly digital publication dedicated...
    Business News

    Adeduntan sustains his winning streak, pioneers leadership excellence in Nigeria’s banking sector

    Since his appointment as MD/CEO of First Bank of...
    Business News

    Safe driving: FRSC commissions Dangote truck driving school

    …Dangote also trains block makers in Kano, Katsina to...
    Business News

    Sahara Group’s Trainee Program promotes downstream expertise in Ghana

    Leading energy and infrastructure conglomerate, Sahara Group, has commenced...
    Business News

    FirstBank partners Eloy foundation to promote sustainability of female owned businesses

    In furtherance of the need to empower female business...
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    The Nigerian Economy

    Banking institutions

    CBN advises banks, financial institutions on open banking

    The Central Bank of Nigeria (CBN) has advised banks and other financial institutions to embrace opportunities represented in open banking to...
    Farming

    Ondo Govt. distributes 2m Cocoa seedlings to farmers

    From L-ROndo State Deputy Governor,Lucky Aiyedatiwa and Commissioner for Agriculture,Mr Olayato Aribo at the flag-off ceremony of 2022 Ondo State Agricultural...
    Maritime

    Calabar Port complex receives 72 vessels in 5 months

    By Chiazo Ogbolu Calabar, July 2, 2022 The Calabar Port...
    Pension & Retirement

    We’ve N10bn outstanding accrued rights to pay 10,000 retirees – LASG

    By Rukayat Adeyemi Lagos, July 2,2022 No fewer than 10,000...
    News Analysis

    Nigerian government issues guideline to retain oil sector spending

    The Federal Government has developed and issued an insurance...
    Pension & Retirement

    Expert say Nigerian savers are making long-term transition as mutual fund assets hit N1.52 trillion in five months

    Total Assets Under Management (AUM) of the mutual fund...
    Banking institutions

    Nigeria’s reserves decline by $1.37bn in 6 months as Forex pressure mounts

    With the increasing price of crude oil coupled with...
    More from State of The Nigerian Consumer

    State of The Nigerian Consumer

    Consumer Inflation

    N165 pump price: NMDPRA monitors petrol depots, stations

    By Solomon Asowata Lagos, June 27, 2022 The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) on Monday said it had deployed...
    Consumer Inflation

    Food prices continue to increase – NBS

    By Okeoghene Akubuike Abuja, June 22, 2022 The National Bureau of Statistics (NBS), says prices of selected food items increased in...
    Consumer Inflation

    Nigeria’s inflation rate increases to 17.71% in May 2022- NBS

    By Okeoghene Akubike Abuja, June 15, 2022 The National Bureau...
    Consumer Inflation

    Average price for 5kg cooking gas increases to N3,800.47- NBS

    By Okeoghene Akubuike Abuja, May 19, 2022 The National Bureau...
    Consumer Inflation

    Consumer Headline Inflation Rate Rise to 16.82% in April 2022 on Core Inflation..

    The freshly released April Inflation report from the National...
    Consumer Inflation

    UPDATED: Nigeria’s inflation surges for third straight month in April as food imports spur dollar shortage

    ABUJA, May 16 - Nigeria's double-digit inflation climbed...
    Consumer Inflation

    Inflation Rate Rise to 15.92% in March 2022 on Core Inflation….

    Freshly released March Inflation report from the National...
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    Energy Source

    Big Oil

    Shell pauses sale of Nigerian onshore oil assets

    LONDON, June 30 - Shell (SHEL.L) said on Thursday it had suspended plans to sell its onshore oil assets in Nigeria,...
    Big Oil

    Nigeria to issue marginal oilfield licences next week, regulator says

    ABUJA, June 25 - Nigeria will issue prospecting licences on Tuesday to companies that won rights to develop marginal oilfields,...
    Oil & Gas

    OPEC tasks Nigerian government on technologies

    Dr Mohammad Barkindo, OPEC Secretary-General at the official opening...
    Oil & Gas

    OPEC’s Barkindo says Venezuelan, Iranian oil could ease energy crisis

    ABUJA, July 5 (Reuters) - The oil and gas...
    Oil & Gas

    Rising prices of petroleum products affecting businesses – Adebayo

    Niyi Adebayo Mr Niyi Adebayo, Minister of Industry,Trade and Investment,...
    Oil & Gas

    NNPC Weekly: How fuel queues in Abuja are being tackled

    NMDPRA and NNPC officials during inspection of filling stations...
    News Analysis

    Nigeria minister: ‘wrong time’ to remove fuel subsidies

    LONDON - Now is the wrong time to...
    More from Energy Source

    Environment & Climate

    Climate change

    Institute blames farmers, herders conflict on climate change

    The Commandant, National Institute for Security Studies, Alhaji Ayodele Adeleke, has blamed the increasing cases of farmers/herders clashes in the country...
    Analysis

    Nigeria’s homeless citizens surge as homes vanish into sea from climate change

    LAGOS, June 28 - When an ocean surge washed away Mureni Sanni Alakija's house in 2011, he took a loan to...
    Climate change

    Policy Watch: Why developing countries are calling for science based targets for adaptation

    June 24 - Political will was the missing ingredient...
    Climate change

    Rainstorm destroys 73 houses in Katsina State

    By Abbas Bamalli Katsina, June 20, 2022 Rainstorm has destroyed...
    Forestation

    Nigeria, others Africa’s Tropical Forests Damaged by Europe’s Rubber Addiction

    Europe’s demand for rubber to make tires and other...
    Pollution

    Air pollution takes 2 years off your life, more than smoking or alcohol

    Air pollution, which is primarily the result of burning...
    Environment

    Joy in Calabar as state government resumes waste evacuation

    Residents of Calabar metropolis on Monday expressed happiness as...
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    Politics & Governance

    Inec

    Ekiti Election: INEC Calls For Speedy Prosecution Of Arrested ‘Vote-Buyers’

    The Independent National Electoral Commission (INEC) on Saturday called for the quick prosecution of all those arrested for vote-buying during the...
    2023 General Elections News Analysis

    Why Peter Obi’s Labour Party Cannot Win 2023 Presidential Election, Kwankwaso Boasts

    Former Kano State Governor, Rabiu Kwankwaso, has ruled out the possibility of the Labour Party winning the presidential election in 2023. Kwankwaso,...
    News Feature

    Atiku, PDP Governors, Others To Visit Wike In Reconciliatory Move

    The Board of Trustees (BOT) of the Peoples Democratic...
    News Feature

    2023: Otedola Prays For Tinubu To Be Nigeria’s President

    Popular businessman, Femi Otedola, has visited the presidential candidate...
    Political parties

    Agboola emerges as factional chair of Ekiti PDP

    A faction of the Peoples Democratic Party (PDP) in...
    Political parties

    Kwakwanso will not malign any zone, individual because of politics- NNPP

    The New Nigeria People’s Party (NNPP) says...
    News Feature

    Alleged Fraud: Judge’s absence stalls Fayose’s trial

    By Sandra Umeh Lagos, July 4, 2022 The money...