Nigeria’s headline inflation rate declined slightly to 15.06 per cent in February 2026, according to the latest Consumer Price Index report released by the National Bureau of Statistics (NBS). The new figure represents a marginal decrease of 0.04 percentage points compared with the 15.10 per cent recorded in January 2026. According to the statistics agency,…
Nigeria’s cooperation with the United States over a Christmas Day airstrike targeting Islamic State militants in the country’s northwest had a great impact, as about a dozen Tomahawk missiles were launched into Sokoto State. The strikes came from a U.S. Navy warship stationed in the Gulf of Guinea. This was confirmed by a US Defence…
The Federal Government of Nigeria, through the Ministry of Marine and Blue Economy, is advancing a Nigeria–China Maritime Strategy aimed at unlocking over $2 billion in shipping investment, accelerating indigenous vessel ownership, and positioning Nigeria as a regional maritime hub. The initiative, formally presented to the Minister of Marine and Blue Economy, Adegboyega Isiaka Oyetola,…
PalmPay, a leading neobank and fintech platform focused on emerging markets, has been recognised in CNBC and Statista’s 2025 Top 300 Fintech Companies in the World list. This marks the second year in a row that PalmPay has earned a place among the world’s most innovative and impactful financial technology firms. The selection is based…
Zenith Bank Plc has retained its position as the Number One Bank in Nigeria by Tier-1 Capital for the sixteenth consecutive year, in the 2025 Top 1000 World Banks’ Rankings, published by The Banker, Financial Times Group, United Kingdom. This ranking places Zenith Bank Plc as the 581st Bank globally, with a Tier-1…
MTN mobile money, MoMo has vowed to provide easy Mobile money operations in Nigeria no matter your location or the type of device, Truetells Nigeria reports. According to the Executive Director, Oluwafemi Aminu, Momo is positioned to easily and efficiently support the cashless payment policy and drive financial inclusion to the last mile. Mobile Money…
Diaper and sanitary pad manufacturer, Kimberley Clark will soon announce an imminent shutdown of its Ikorodu production facility two years after investing $100 million in Nigeria. Sources within the company informed Nairametrics that the plant has been producing below capacity from late 2023 into 2024 due to the harsh economic environment within the country. In…
President Bola Ahmed Tinubu has stated that the nation was bleeding when he took over power in 2023, adding that his administration has been able to stop the bleeding. The President called for a more effective local government system that fosters community development and delivers the essentials of governance within a strengthened federal structure. Speaking when he received…
The minimum wage debate has been a long-standing economic discourse, with Nigeria often taking to the streets to demand wage increases against the backdrop of rising commodity prices. The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have been pivotal in negotiations with the Federal Government, spotlighting the need for a revised minimum wage structure….
Savannah Energy PLC, the British independent energy company focused around the delivery of Projects that Matter, announces that it has signed separate Share Purchase Agreements (“SPAs”) with Sinopec International Petroleum Exploration and Production Corporation (“SIPC”) and Jagal Ventures Limited (“Jagal”) to acquire 100% of the outstanding share capital of Sinopec International Petroleum Exploration and Production…
