Rising Debt and Middle East Conflict Cut Sub-Saharan Africa Growth Forecast to 4.1%
The World Bank has revised its economic growth forecast for Sub-Saharan Africa in 2026 downward to 4.1 per cent, citing mounting debt, rising fuel and fertilizer costs, and fallout from…
FG Issues Flood Alert for 10 States as Heavy Rain Predicted
The Federal Government has issued a warning of potential flooding in several locations across 10 states, following predictions of heavy rainfall between April 8 and April 12, 2026. The alert,…
Rainy Season May Disrupt Flights, NCAA Warns as Fare Probe Lingers
The Nigeria Civil Aviation Authority (NCAA) has warned air travellers to prepare for possible flight delays and cancellations as the rainy season sets in, citing adverse weather conditions that could…
Naira Appreciates to N1,369/$ at Official Market, Gap Widens
The Nigerian currency strengthened across both official and parallel markets on Wednesday, posting notable gains against the United States dollar despite a widening spread between the two segments. At the…
US Orders Partial Evacuation of Embassy Staff in Abuja Over Security Concerns
The United States Department of State has authorised the departure of non-emergency government personnel and their families from its embassy in Abuja, citing a worsening security environment across Nigeria. In…
Diaspora Funds Seen as Solution to Nigeria’s Housing Deficit
Nigeria’s housing sector continues to reflect a deep structural paradox — vast opportunity on one hand and a widening deficit on the other — as policymakers and stakeholders search for…
Edun Backs MOFI Housing Fund, Pushes Expansion of Affordable Financing in Nigeria
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has endorsed the growing impact of the MOFI Real Estate Investment Fund, describing it as a critical intervention…
2nd Africa Urban Forum Opens in Nairobi with Push for Faster Urban Renewal
The second Africa Urban Forum has opened in Nairobi, bringing together policymakers, urban planners and development partners with a renewed call to accelerate the transformation of rapidly growing cities across…
Naira appreciates to N1,396/$ in parallel market
The naira recorded mixed performance across foreign exchange markets on Tuesday, appreciating in the parallel market while weakening at the official window, as the gap between both rates narrowed significantly.…
Naira depreciates by 0.4% at official market
The Nigerian currency recorded a marginal decline at the official foreign exchange market on Tuesday, reflecting continued fluctuations within a broadly stable range. Data released by the Central Bank of…