Dave Ibemere
5404 articles published since 20 Sep 2021
5404 articles published since 20 Sep 2021
Nigeria's food prices showed mixed trends in April 2026 as tomatoes, beans, and garri fell annually, while monthly increases persisted nationwide.
CBN introduces stricter forex rules imposing penalties on banks for undocumented transactions to improve compliance, transparency in foreign exchange market.
WASPAN has accused the FCCPC of approving new digital lending firms despite court restrictions and a suspended regulatory framework, deepening industry tensions.
Depot prices for petrol and diesel fell across Lagos, Warri, and Port Harcourt in early June as marketers adjusted rates amid strong competition.
Diesel prices at Nigerian depots have fallen below Dangote Refinery’s N1,700 per litre gantry rate amid rising competition and increased market supply pressure.
Nigerians relying on motorcycle transport are paying more as fares rise nationwide, with NBS reporting significant increases across regions and states.
New NBS data shows the average Nigerian airfare rose to N157,355 in April 2026, with Kano being the highest, Gombe the lowest, and a year-on-year increase of 20.82%.
Transport fares across Nigeria rose again in April 2026, as bus, intercity, motorcycle and water transport costs increased, according to the latest NBS report.
The Central Bank of Nigeria said foreign exchange remittances will not cover nursery, primary, secondary, foundation, or A-level education programmes abroad.
Dave Ibemere
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