As Nigeria grapples with the turbulent waves of rising fuel prices, economic instability, and the ongoing energy crisis, one glaring question keeps surfacing: where is the Petroleum Minister in all of this? In a country where oil is the lifeblood of the economy, the absence of a strong, decisive voice[Read More…]
Author: Godwin Anyebe
Navigating the Uncertainty: The Volatile Path of Fuel Pump Prices in Nigeria
The erratic nature of fuel pump prices in Nigeria has long been a source of concern for businesses, households, and the broader economy. In recent months, the situation has grown even more precarious, with frequent price hikes becoming a burden for the average Nigerian and creating a ripple effect across[Read More…]
Fuel Price Surge: Businesses on the Brink Amid Rising Costs
As Nigeria grapples with an unprecedented fuel price hike, businesses across the country are facing increasing pressure to stay afloat. The rising cost of fuel, exacerbated by global energy crises and domestic challenges, is not only squeezing household budgets but also threatening the survival of small, medium, and large enterprises[Read More…]
Transforming Nigeria: The Impact of ICT on Economic Growth
In recent years, Nigeria has emerged as a focal point in Africa’s digital transformation, driven by rapid advancements in Information and Communication Technology (ICT). The integration of ICT into various sectors has not only revolutionized how businesses operate but has also been pivotal in enhancing economic growth, creating job opportunities,[Read More…]
Beyond Oil: Exploring the Challenges and Opportunities in Nigeria’s Petroleum Industry
Nigeria is often referred to as the “Giant of Africa,” and its petroleum sector plays a crucial role in this identity. As one of the largest oil producers in Africa, Nigeria’s economy has long been heavily reliant on oil revenues, which account for about 90% of its foreign exchange earnings[Read More…]
Bridging the Gap: Financing Challenges and Opportunities for Nigerian SMEs
Small and Medium Enterprises (SMEs) play a pivotal role in Nigeria’s economy, contributing approximately 50% of the country’s GDP and providing over 80% of employment. Despite their significant impact, SMEs face formidable challenges, particularly in accessing finance. In a country where the entrepreneurial spirit thrives, the gap between potential and[Read More…]
Nigeria Unveiled: The Intersection of Culture and Tourism in Africa’s Giant
Nigeria, often referred to as the “Giant of Africa,” is a land of diverse cultures, languages, and traditions. With over 250 ethnic groups, it offers a rich tapestry of heritage and history that has the potential to attract millions of tourists annually. From the bustling cities to serene villages, Nigeria[Read More…]
Turbulence and Triumph: Examining the State of Nigeria’s Aviation Industry
The aviation industry in Nigeria is a vital component of the nation’s economy, facilitating trade, tourism, and connectivity across Africa and the world. Over the decades, it has experienced periods of turbulence—marked by financial struggles, safety concerns, and infrastructural challenges. Yet, amid these headwinds, the sector has also witnessed triumphs,[Read More…]
Strengthening Nigeria’s Banking Sector: The 2024 Recapitalization Mandate
In March 2024, the Central Bank of Nigeria (CBN) issued a circular announcing a new recapitalization policy for commercial, merchant, and non-interest banks in Nigeria. This policy, effective from April 1, 2026, mandates that banks increase their minimum capital requirements to enhance their financial stability and resilience. The directive requires[Read More…]
Mental Health Awareness in Nigeria: A Call for Urgent Attention
By Paul Onehi Mental health awareness in Nigeria is a pressing issue that urgently requires increased attention and education for the population. Despite affecting millions of individuals, mental health often remains stigmatized and overlooked within Nigerian society. As Africa’s largest economy grapples with severe economic challenges, many citizens are struggling[Read More…]
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FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]