The Nigerian naira continued depreciation on Friday at the foreign exchange market to end the week on a negative note. According to the Central Bank of Nigeria’s exchange rate data, the Naira fell to N1,517.24 on Friday from N1,512.30 exchanged on Thursday. On a day-to-day basis, this showed that the Naira dropped by N4.94 to […]

Nigeria’s cost of importing premium motor spirit and other petroleum products soared to N15.4 trillion in 2024 from N7.5 trillion despite the commencement and restart of local refineries in 2024. This is according to the National Bureau of Statistics combined foreign trade data for 2024. The petrol imports dominated foreign trade in the last quarter of […]

Former Governor of Kaduna State, Nasir El-Rufai has formerly resigned from the ruling All Progressives Congress, APC, and joined the Social Democratic Party, SDP. “Today, the 10th of March 2025, I have submitted a letter resigning my membership of the APC to my ward in Kaduna, effective immediately. “Subsequent to this, I had concluded consultations […]

“Content is king, but monetization is queen.” Content creators in Nigeria are increasingly looking for ways to turn their passion into income. Whether you’re a blogger, YouTuber, podcaster, or social media influencer, the key to long-term success lies in finding the right platform to monetize your content. Nigeria has a growing digital economy, and the […]

Famous American model, Amber Rose, has spoken about her romantic relationship with younger men. During a conversation with Shannon Sharpe on the Club Shay Shay podcast, Amber Rose explained that her entanglements with younger men were just for fun, emphasising that she wouldn’t be serious with them. She noted how her estranged lovers dated baddies […]

Former presidential aide, Dr. Doyin Okupe is reportedly dead. The prominent Nigerian politician passed away at the age of 72. It was gathered that Dr. Okupe died on Friday morning after battling a protracted illness suspected to be cancer. Okupe was in 2022 appointed as the Director-General of the Labour Party Presidential Campaign for the […]

Nollywood actress Chika Ike has welcomed her first child with a mystery partner. The movie star announced the arrival of her child on Instagram on Thursday. One of the pictures she shared with her had the inscription ‘Princess’ on the background gave away the gender of the child. She captured the photos, “My baby is […]

The Nigerian naira recorded the highest depreciation against the dollar across official and parallel foreign exchange markets on Wednesday. This comes as the Central Bank of Nigeria’s exchange rate data showed that the Naira fell to N1,500.8 per dollar on Wednesday from N1,498.98 traded on Tuesday. The development means that the Naira weakened by N8.31 […]

The Nigerian Senate on Thursday suspended Senator Natasha Akpoti-Uduaghan for six months over an allegation of sexual harassment against the Senate President, Godswill Obot Akpabio. The suspension followed a report by the Chairman of the Senate Committee on Ethics, Privileges, and Public Petitions, submitted to the Committee of the Whole, citing several infractions on the […]

“The future of e-commerce in Africa is social. Brands that fail to adapt will be left behind.” Introduction E-commerce is growing in Africa, but not in the way traditional markets expect. Instead of shopping on dedicated online stores, many Africans buy and sell through social media platforms like Facebook, WhatsApp, and Instagram. This trend is […]

The United States should work with China in the same direction to resolve trade disputes through equal-footed consultation, a Chinese spokesperson advised on Tuesday, stressing that pressure or threat will not work. Lou Qinjian, the spokesperson for the third session of the 14th National People’s Congress, China’s national legislature, made the remarks at a news […]

Financial analyst and Chief Economist at SPM Professionals, Paul Alaje, has said that the price of Premium Motor Spirit (petrol) may drop to between N650 and N800 per litre if the price war or competition between Dangote Refinery and the Nigerian National Petroleum Company Limited, NNPCL, continues. Alaje, speaking in a Channels Television interview on […]

An Abuja Federal High Court has issued an interim order stopping the Senate Ethics Committee from proceeding with its planned investigation of the actions of Senator Natasha Akpoti-Uduaghan, effectively pausing the committee’s deliberations. The court presided by Justice Obiora Egwuatu gave the order on Tuesday following an ex parte application filed by counsels to Akpoti-Uduaghan, […]

Social media has become a powerful tool for Nigerian content creators monetizing social media, enabling them to monetize their talents and reach global audiences. This article explores the various ways Nigerian creators earn income through social media platforms, highlighting strategies, benefits, limitations, and future potential. Monetization Methods for Nigerian Content Creators Nigerian content creators utilize […]

“Influencer marketing is changing the way brands connect with consumers in Nigeria, making engagement more authentic and impactful.” Introduction Social media has transformed the way brands interact with customers. Influencer marketing is now one of the most effective strategies for increasing brand awareness in Nigeria. With millions of Nigerians actively using platforms like Instagram, TikTok, […]

Naira appreciated against the dollar to end on positive note at the official foreign exchange market on Friday. The Central Bank of Nigeria’s exchange rate data showed that the Naira strengthened to N1,492.49 per dollar on Friday from N1,499.07 recorded on Thursday. Accordingly, this showed that the Naira appreciated by N6.58 per dollar on Friday […]

The new Automated Teller Machine, ATM charges imposed on Nigerians by the Central Bank of Nigeria, CBN, came into effect on Saturday. This follows the apex bank’s announcement on 11 February 2025 that, from 1 March 2025, N100 and N450 fees would apply to ATM withdrawals. The CBN explained that the charges would apply to bank […]

The Chairman of United Bank for Africa (UBA) Group and Founder of the Tony Elumelu Foundation (TEF), Tony Elumelu, has once again reaffirmed his commitment to the development of Gabon’s economy development following a high-level meeting with the President of Gabon, Brice Oligui Nguema earlier this week. Elumelu who was on official visit to Presidential […]

As Nigerians continue to grapple with several policies considered to be unfavourable, the Nigeria Labour Congress, NLC, has come under scrutiny. NLC which was hitherto known for its formidable force, holding the government and private sector accountable, recently lost its influence due to a series of ’empty’ threats that have over time yielded little or […]

“Social media can make or break a business. Knowing what not to do is just as crucial as knowing what works.” Introduction Social media is a powerful tool for businesses in Nigeria. It provides direct access to customers, increases brand visibility, and boosts sales. Yet, many businesses make costly mistakes that harm their online presence. […]

“Social media ads are not just an option for Nigerian SMEs; they are the key to business growth in the digital age.” Introduction Small and medium-sized enterprises (SMEs) in Nigeria face many challenges, from limited funding to stiff competition. Traditional marketing methods are costly and often ineffective for businesses with tight budgets. Social media ads […]

Controversial social media critic, VeryDarkMan, has called out the Economic and Financial Crimes Commission, EFCC, over an alleged plan to arrest him. VeryDarkMan, in a video shared on his Instagram page, alleged that the commission is planning to frame him for speaking against its chairman, Olanipekun Olukoyede. While accusing the commission of trying every possible […]

Manchester United are reportedly considering a swap deal for Napoli striker, Victor Osimhen. The Red Devils are willing to offer €40m plus striker, Rasmus Hojlund for the Nigeria international. Osimhen, who joined Turkish Super Lig champions, Galatasaray on loan last September, will return to Napoli at the end of the season. The 26-year-old will be […]

The Federal Government has defended its decision to approve a 50 per cent tariff hike for telecommunications services, citing job protection for Nigerians and the need to prevent multinational firms from leaving the country. The Minister of Communications and Digital Economy, Dr Bosun Tijani, provided this clarification on Thursday, shortly after leading the management of […]