United States President Donald Trump has expressed confidence in taking out the new Iranian Supreme Leader, Mojtaba Khamenei, just 12 days after killing his father.
President Bola Tinubu says Nigeria is gradually overcoming its economic difficulties, adding that state governments are now in a better financial position.
SMEDAN says many Nigerian entrepreneurs divert MSME loans to personal use and fail to repay, weakening revolving funding schemes and limiting access to finance.
Nigeria's tax reforms are enhancing net pay for workers, with reduced PAYE deductions reshaping financial relief for low- and middle-income earners.
The naira fell 0.57% amid surging dollar demand, while Nigeria's reserves rose to $46.81 billion. Oil prices dropped, impacting export earnings and currency.
Court documents reveal Jeffrey Epstein's withdrawal from trading Nigerian crude due to fraud fears linked to NNPCL, exposing Nigeria's oil sector governance issues.
Nigeria's exchange-rate gap has exceeded 6%, raising FX arbitrage concerns. While the naira strengthens officially, parallel market pressures persist.
The naira strengthens to ₦1,358 per dollar, the best in 24 months, driven by improved dollar liquidity and investor sentiment, easing pressure on importers.
IMF forecasts Nigeria's GDP to rise to $334 billion by 2026, overtaking Algeria as Africa's third-largest economy amid ongoing economic reforms and optimism.
BudgIT Tracka has identified five states with the highest number of fraudulently delivered projects under Nigeria’s 2024 federal government budget.
BudgIT Tracka found that only about 52% of federal government's capital projects under the 2024 budget were completed nationwide, despite claims of good performance.
Economy
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