The naira on Monday fell by 2.8% against the dollar in the official foreign exchange (FX) market, despite the intervention of the Central Bank of Nigeria (CBN). After trading yesterday, the naira depreciated by N45.21 as the dollar was quoted at N1,612.23 compared to N1,567.02 quoted on Friday at the Nigeria Foreign Exchange Market (NFEM)

SERAP to Tinubu: Reject $1.08bn World Bank Loan Your browser does not support the video tag. The Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu “To reject the recently approved $1.08bn World Bank loan. It say that President should instead direct the Attorney General of the Federation and Minister of Justice, Mr

China Want -US to Drop Tariffs on $360 Billion of Import for Trade Deal US Tariff to Cost Nigerian Exporters $814.8m Your browser does not support the video tag. Nigeria faces a multimillion-dollar hike in export tariffs to the U.S. In 2023, Nigeria’s total trade exports to the U.S. were valued at $5.82 billion. With

Donald Trump Nigeria in Consultation with US, WTO Over Trump’s Tariffs – FG Your browser does not support the video tag. The Federal Government has disclosed that it is consulting with the United States and the World Trade Organisation (WTO) to evolve a mutually beneficial solutions to the 14 percent tariff imposed on Nigerian export

US Tariff puts Non-oil Exports – Trade Minister Your browser does not support the video tag. The Federal Government of Nigeria has finally responded to the recent imposition of a 14% tariff on Nigerian exports by the United States by stating its commitment to mitigating the impact while accelerating economic diversification. The Minister of Industry

World Bank Group World Bank Approves Nigeria’s $1.08bn Loan Request Your browser does not support the video tag. The World Bank has approved a $1.08 billion financing package aimed at strengthening Nigeria’s education system, tackling malnutrition, and boosting economic resilience among vulnerable communities. The funding, which supports three major initiatives, underscores the World Bank’s commitment

At least 30 suspected armed bandits believed to be loyal to a notorious kingpin, Dan Rani, were reportedly killed in an ambush by local vigilantes near Dansadau town in Maru Local Government Area of Zamfara State. According to intelligence sources quoted by counter-terrorism expert Zagazola Makama, the ambush occurred at about 2:00 p.m. on Thursday

The federal government has vowed to intensify security measures in Plateau State following recent violent incidents that claimed over 50 lives in Bokkos Local Government Area. Nuhu Ribadu, the National Security Adviser (NSA), while speaking on behalf of President Bola Ahmad Tinubu on Sunday in Jos, expressed condolences to the people of Plateau and praised

iPhone prices may rise following U.S. President Donald Trump’s imposition of tariffs on countries around the world. According to a Reuters report, iPhone prices may increase by 30 percent to 40 percent if the company passes the cost to consumers. Most iPhones are made in China, which was hit with a 54 percent tariff, and

Minister of Works, Dave Umahi, has advocated for the closure of the waterway between Eko Bridge and Carter Bridge in Lagos to boat traffic following damage caused to Eko Bridge by a boat operator. The accident resulted in the complete damage of one of the pier caps of the bridge. He called on the Lagos

You’re standing in a shop, eyeing two identical products. One costs N1000, the other N999. Logic tells you the difference is meaningless – a single naira you probably couldn’t even spend. Yet something inside you leans toward the N999 option. This isn’t a coincidence. It’s neuroscience. The human brain processes these nearly identical prices in

When searching for a rental home in Lagos, it’s important to be selective. While Lagos offers a dynamic environment with endless opportunities, not all rental properties are conducive to a comfortable lifestyle. Many come with complications that can lead to frustration and unexpected costs.  To help you navigate the rental market in Lagos, there are