Blog
Nigeria’s economic stability is under fresh pressure as the country’s external reserves dropped to $37.9 billion by April 2025, a 5.91% decline from $40.88 billion in January. The decline is largely driven by falling global crude oil prices and volatile production levels. Key Economic Indicators: Crude oil prices fell sharply by 16.74%, from $73.29 […]
In a bold move to tackle Nigeria’s housing deficit, the Federal Government has unveiled plans to construct 77,400 social housing units under the Renewed Hope Agenda. The project, announced by the Minister of State for Housing and Urban Development, Yusuf Ata, aims to provide accessible and affordable housing across all 774 local government areas in […]
This Friday, May 9th, 2025, all roads lead to Jordan 105.5FM Lagos for a powerful and thought-provoking edition of the Local Government Revolution Show, airing live from 5:15 PM to 6:00 PM. This special broadcast will spotlight one of Lagos State’s most dynamic and result-oriented local government leaders — Mayor Muibi Alade Folawiyo, Chairman […]
The Federal Government has taken a significant step towards enhancing the nation’s transportation infrastructure with the approval of N187 billion for the completion of the remaining 96 kilometers of the Benin-Shagamu-Ore expressway. This major infrastructure project is designed to ease transportation challenges, reduce travel times, and facilitate economic growth in the region. According to the […]
A policy think tank, the Independent Media and Policy Initiative (IMPI), has expressed skepticism over the International Monetary Fund’s (IMF) recent downgrade of Nigeria’s economic growth forecast to 3% for 2025. The group’s chairman argued that the Nigerian economy has undergone significant diversification beyond oil, with substantial growth in non-oil exports, making the IMF’s forecast […]
The Federal Government has taken a significant step towards improving access to clean water in Yobe State with the commissioning of the N5.7 billion Gashua Water Supply Scheme. This project, inaugurated by the Minister of Water Resources and Sanitation, is designed to provide clean water to over 1 million residents in Gashua and surrounding […]
The National Emergency Management Agency (NEMA), through its Lagos Operations Office, in partnership with key humanitarian and immigration stakeholders, received 203 vulnerable Nigerian returnees from Libya on Monday, April 28, 2025. The returnees arrived at the Murtala Muhammed International Airport, Lagos, at about 7:00 p.m. aboard a chartered Al Buraq Air flight. The group […]
European stock markets declined today as investors await the latest monetary policy decision from the European Central Bank (ECB). The Stoxx 600 index dropped by 0.66% as of 10:11 a.m. London time, with nearly all sectors recording losses — except oil and gas. A notable exception on the trading floor was Siemens Energy, whose […]
The Nigerian Customs Service (NCS), Area 2 Command in Onne, Rivers State, has announced that it generated over N190 billion in revenue during the first quarter of 2025. Comptroller Mohammed Babandede, the Customs Area Controller, disclosed this at a news briefing in Onne. In addition to the revenue generated, the Command also seized 20 […]
The Nigerian currency showed signs of weakness during midweek trading at the unofficial market, despite improvements in the country’s official market. The naira traded at N1,620 to $1, compared to N1,605 to $1 the previous day, indicating a depreciation. However, traders remain cautiously optimistic as the spot market reflects a stronger naira value […]
