Nigeria’s FDI Collapse Signals a Wake-Up Call for Sustainable Growth
Nigeria’s economy is at a crossroads, and the recent 70 percent plunge in foreign direct investment (FDI) in the first quarter of 2025 from $421.88 million to a mere $126.29 million should sound alarm bells for policymakers and citizens alike. This sharp decline, reported by the National Bureau of Statistics, exposes a troubling reality: Nigeria […]
“I Have No Business Controlling Diesel — If Nigeria Had Been Working Well,” Says Femi Otedola
Billionaire businessman Femi Otedola has revealed that his dominance of Nigeria’s diesel market was not born out of grand ambition, but out of necessity, a strategic response to the country’s chronic infrastructure and energy failures. In his forthcoming memoir, Making It Big, Otedola recounts how power outages, fuel scarcity, and a broken supply chain in […]
Capitalization: A Misstep on Nigeria’s Path to a $1 Trillion Economy
Nigeria’s ambition to achieve a $1 trillion GDP by 2030 is a bold vision, but the Central Bank of Nigeria’s (CBN) aggressive bank recapitalization program, launched in April 2024, raises serious concerns about its feasibility and impact. Requiring commercial banks with international licenses to hold N500 billion in capital, national banks N200 billion, and regional […]
FG Warns Against Future Delays in Releasing GDP Figures
The Federal Government has issued a stern warning against any further delays in the release of the country’s Gross Domestic Product (GDP) figures, emphasizing the importance of timely economic data for policy-making and investor confidence. The caution follows recent criticism over the late publication of Nigeria’s Q2 2025 GDP report by the National Bureau of […]
How Nigeria Can Build a Stronger Future
Imagine you’re building a house. You could spend all your money on fancy decorations, but if the foundation is weak, the whole thing will collapse. That’s what’s happening in Nigeria when we focus on flashy projects instead of the basics that make a country strong. This “mindset” describes a short-term, survival-driven way of thinking, often […]
Nigeria Bolsters Local Energy Supply Chain, Sparking Hope for Rivers State Businesses
The Federal Government of Nigeria is taking decisive steps to strengthen the nation’s local energy supply chain, a move that could bring significant benefits to businesses in Rivers State and beyond. Speaking at the 2025 Nigeria Annual International Conference and Exhibition of the Society of Petroleum Engineers in Lagos, Minister of State for Petroleum Resources […]
Rethinking Wages and Loyalty in Nigeria
As of August 6, 2025, a pressing issue has emerged in Nigeria that demands a shift in how the nation’s elites treat their domestic staff. The frustration of losing maids, gatemen, and drivers to theft or abandonment is a common complaint among the wealthy, who often attribute it to a lack of character. However, the […]
AI-Powered Storybook Debuts in Nigeria
Google has introduced Storybook, a new function within its Gemini application, which aims to provide an engaging and innovative educational tool for Nigeria’s 39 million children aged six and under. This AI-driven feature converts simple prompts, personal photographs, and children’s artwork into tailored, narrated storybooks, addressing an essential gap in early childhood education through storytelling-based […]
MTN Nigeria Reports Strong H1 2025 Performance with 54.6% Revenue Growth
MTN Nigeria Communications Plc has announced a robust financial performance for the first half of 2025, with revenue increasing by 54.6% year-on-year to N2.4 trillion for the six months ended June 30, 2025. Despite a significant increase in capital expenditure to expand network capacity and digital infrastructure, the company delivered a free cash flow of […]
‘God Will Pave Way for Nigeria to go to World Cup’ Primate Ayodele Prophecy
Primate Elijah Ayodele, Servant of the Most High God, Founder and Leader of INRI Evangelical Spiritual Church in Lagos, Nigeria, has delivered a significant prophetic warning to the Nigerian Football Federation (NFF) and the National Sports Commission (NSC). He stated that a lack of teamwork could jeopardise the Super Eagles’ aspirations for the World Cup.Primate […]
Analyst Condemns Badenoch for Remarks Against Nigeria
A public affairs analyst has criticised the Nigerian-born British government official, Miss Kemi Badenoch, for her derogatory remark against Nigeria. Mr. Andrew Ajayi, who said this in an interview with journalists in Port Harcourt, described Miss Badenoch’s comment as unfortunate and irresponsible. Mr. Ajayi acknowledged that the nation is battling the issue of corruption and […]
Nigeria Bolsters Oil Sector with 21 New Regulations to Attract Investment
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has introduced 21 new regulations to revitalize the country’s upstream oil and gas sector, aiming to attract significant investments and enhance operational efficiency. Announced by NUPRC Chief Executive Gbenga Komolafe during the 48th Society of Petroleum Engineers’ Nigeria Annual International Conference and Exhibition in Lagos, these regulations, enacted […]