By Esther Ososanya The perception that soilless farming is too expensive is a myth that has long discouraged aspiring agripreneurs in Nigeria. But a closer look at the realities of modern agribusiness shows that the method is not only accessible but also highly profitable when executed strategically. Agronomist Peace Adaeze Anyaeriuba, hydroponics farmer and climate …
By Esther Ososanya The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has hinted at raising the salaries of President Bola Tinubu, Vice President Kashim Shettima, Senate President Godswill Akpabio, and other political office holders even as millions of Nigerians battle hunger and inflation. RMAFC chairman, Mohammed Shehu, told journalists in Abuja on Monday that President …
By Victor Ezeja While economic theory says a drop in money supply could lead to a reduction in inflation, experts have, however, argued that such may not be the case in Nigeria’s situation. The relationship between Nigeria's money supply and inflation is said to be a complex one. Recent Declines in Money Supply Amid Economic …
By Victor Ezeja Despite recording a notable decline in inflation rate, there are concerns that persistent structural issues in the Nigerian economy pose a threat to the gains made. The headline inflation rate has dropped from 34.80 per cent in December 2024 to 21.88 per cent in July 2025, according to official statistics released by the National Bureau of Statistics (NBS). According …
By Esther Ososanya Jaiz Bank Plc, Nigeria’s pioneer non-interest (Islamic) bank, has unveiled a new corporate identity. The event, held on Tuesday at the bank’s Corporate Head Office in Abuja, marked what the bank described as a “defining milestone” in its 14-year journey of ethical banking. Managing Director and Chief Executive Officer, Dr. Haruna Musa, …
By Esthere Ososanya The Indigenous Contractors Association of Nigeria (AICAN) has accused the Federal Government of misrepresenting facts on outstanding liabilities and warned that prolonged payment delays are pushing its members into severe financial distress. The association said hundreds of contractors now risk losing properties and equipment to banks, microfinance institutions, and private lenders after …
By Esther Ososanya Global markets are watching closely as U.S. President Donald Trump and Russian President Vladimir Putin meet in Alaska later on Friday to explore a possible ceasefire agreement in Ukraine. The war, now Europe’s biggest conflict since World War Two, has upended energy markets, driven food prices to multi-year highs, battered European assets, …
Project to Boost Southern Africa’s Energy Security and Regional Trade By Esther Ososanya Namibia and Botswana plan to build a joint $4 billion oil refinery to cut fuel imports and secure energy supplies for Southern Africa. The refinery will process 60,000 to 100,000 barrels of crude oil per day. It will operate from two sites: …
By Esther Ososanya The federal government has bowed to pressure from organised labour by addressing two major demands of the Nigerian Labour Congress (NLC), barely days after the union threatened to shut down the economy with a nationwide strike. At the centre of the dispute was the controversial deduction of workers’ contributions from the Nigeria …
By Esther Ososanya Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has declared the country “open for business” and ready to welcome global and domestic investors, citing a combination of improved macroeconomic indicators, fiscal reforms, and targeted policy measures under President Bola Ahmed Tinubu’s administration. The declaration, made during a press …
