How Oyinlola Abolarin Improved User Engagement by 70% in Fintech Applications
There’s a moment in every fintech application where users either fall in love with your platform or abandon it forever. […]
Economy
Convicted Nigerian NNPC Official Forfeits $2.5 Million U.S. Mansion to Government
Paulinus Iheanacho Okoronkwo, a senior official of the Nigerian National Petroleum Company, NNPC, has lost his $2.5 million mansion in
No ₦500 Fuel Tax in January 2026, Says Presidential Tax Reform Chief
The clarification follows widespread public concern that Nigerians would soon face another round of hardship from new fuel-related taxes under President Bola Tinubu’s administration which PurpleWorld had reported earlier.
Pastor Adeboye Launches National Prayer for Economic Recovery
Pastor Enoch Adeboye, General Overseer of the Redeemed Christian Church of God (RCCG), will lead a nationwide prayer initiative seeking
FG suspends prayer and fasting plan amid backlash over food crisis
The Federal Government has backed down on its widely criticized plan to combat Nigeria’s worsening hunger crisis with a series
Prepare for Higher Electricity Bills, Minister Warns Nigerians
Minister of Power, Adebayo Adelabu, has called on Nigerians to accept cost-reflective electricity tariffs, stating that the economy can no
“Nigerians Now Poorer, Worse Off Economically Than in 1960”, AfDB President, Akinwumi Adesina Says
The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has stated that Nigeria’s GDP per capita has dropped
Nigeria’s External Debt Rises to $1.08 Billion
Nigeria’s external debt servicing has rose sharply to $1.08 billion in the fourth quarter of 2024. This marks a significant
The Second-Hand Clothing War: How Kenya Left Nigeria Behind
Highlights: Kenya now leads Africa in second-hand clothing imports, surpassing Nigeria. Imports hit $298 million in 2023, a 12.45% increase
Photonews: NCC Grants Approval for Telecommunications Companies to Raise Tariffs, Setting Limit on Increase at 50%
NCC has granted approval for telecommunications companies to raise their tariffs, setting a limit on the increase at 50%.
Petrol Price Renders N70,000 Minimum Wage Useless – NLC
The Nigeria Labour Congress (NLC) said on Thursday that it will meet with the federal government to discuss ways that
Nigerian Government Issues One-Month Ultimatum for Traders to Slash Prices Nationwide
The Federal Competition and Consumer Protection Commission (FCCPC), has given a one-month moratorium to traders and other market stakeholders involved
High Costs Lead to Tragedy: Mother and Five Children Die After Eating Local Delicacy Prepared with Expired Cassava Flour
In a tragic incident, Alhaqatu Abdulkarim and her five children lost their lives after eating Danwake, a traditional Hausa dish,
Ex-Military Leader, Eshanekpe Isreal Appeals for Calm Amid Planned August Protests
As the clamor for protests builds among Nigerian youths, a seasoned voice of experience has stepped into the fray to
Tinubu Establishes Ministry of Livestock Development to Tackle Herder-Farmer Conflicts
Nigerian President Bola Tinubu has established a new ministry focused on livestock development, with the aim of resolving the ongoing
Tinubu Seeks Additional $2billion Crude Oil-backed Loan from International Creditors
The President Bola Tinubu-led federal government is seeking an additional $2 billion crude oil-backed loan from international creditors to boost
Nigerian Journalist Buhari Olanrewaju Ahmed Decries ‘Aso Rock Greenwashing’, Says First Lady’s Gardening In Comfort While Women Farmers Endure Murder, Rape, Insecurity In Troubled States
In a scathing critique of the First Lady’s gardening activities at Aso Rock, Nigerian journalist Buhari Olanrewaju Ahmed has denounced
Ogun State Government Reportedly Spent N2.3Billion on Welfare, Refreshments, and Foodstuffs in Three Months
A closer examination of Ogun State’s budget performance documents has uncovered a startling revelation: Governor Dapo Abiodun’s administration spent a
Aliko Dangote Calls Out CBN’s High Interest Rate, Laments Stifling of Job Creation
Aliko Dangote, chairman of the Dangote Group, has denounced the Central Bank of Nigeria’s (CBN) decision to raise interest rates
Mile 12 Market Chairman Blames Insecurity for Spike in Tomato, Pepper Prices
On Monday, Shehu Usman Jubrin, the Chairman of the Mile 12 International Market in Lagos, Nigeria, explained the recent spike
Senegal Government Slashes Prices on Basic Goods in Bid to Alleviate Cost of Living
Senegal’s newly-appointed government has announced price reductions for essential staples such as rice, oil, bread and other basic goods. The
Minimum Wage Negotiations Resume Amidst Discord: Government Proposes N54,000, Labour Insists on N615,000
The organized labour unions in Nigeria have collectively rejected the federal government’s proposed minimum wage of N54,000, according to a
EFCC Cracks Down on Dollar Transactions: Embassies Ordered to Charge in Naira
In a recent development, the Economic and Financial Crimes Commission (EFCC) has urged the Federal Government of Nigeria to prohibit
Nigeria’s Naira Continues to Struggle, Among the Worst-Performing Currencies Globally, Report Reveals
The Nigerian Naira has experienced a significant shift in its performance, as reported by Bloomberg The report highlighted the growing
Garri Prices in Nigeria Spike by 108%, Threatening Food Crisis
In a worrying development, the price of Nigeria’s popular staple food, garri, has risen by 108% in just three months.
335 Manufacturing Companies Became Distressed, 767 Shut Down Since the Beginning of 2023 – According to the Manufacturers Association of Nigeria
In a report released by the Manufacturers Association of Nigeria (MAN), 335 manufacturing enterprises have become distressed and 767 have
Federal Government to Distribute Grains Across Nigeria
According to a tweet from the Minister of Agriculture and Food Security, Senator Abubakar Kyari, the Federal Government will distribute
Desperate Hunger Leads to Looting in Abuja as People Break into Warehouse for Food
In a desperate attempt to feed themselves, a crowd of people broke into a government-run food storage facility in Abuja,
Tinubu Orders Cement Manufacturers to Lower Prices, Following Recent Hike
President Tinubu has directed all cement manufacturers to revert to the previous price of cement, following a recent hike in
ATWAP Says Pure Water May Cost N100 per Sachet, Citing Rising Costs
The Association of Table Waters Producers has warned that the price of pure water may rise to N100 per sachet,
Customs Begins Sale of Seized Rice to Public
In an effort to address food insecurity, Nigeria Customs Service begins selling seized rice to the public. The sale is
Customs Service Plans to Distribute Confiscated Food to Help Nigerians Amid Economic Crisis
In an effort to alleviate food insecurity and hardship in Nigeria, the NCS has announced plans to distribute seized food
Nigerian Government Warns Cement Companies to Lower Prices, Threatens to Lift Ban on Imports
The Nigerian government has warned cement companies to lower prices or risk losing their monopoly, as it considers lifting the
Ohaneze Ndigbo Urges Igbos to Avoid Joining Protests Against Hardship
The Ohaneze Ndigbo, a prominent Igbo organization, has issued a statement advising Igbo people not to participate in protests against
Future Generations Will Reap the Rewards of Current Hardships – Seyi Tinubu
Seyi Tinubu, son of President Bola Tinubu, says that the current generation is facing many challenges, but their perseverance will
BUA Group Chair, Abdul Samad Rabiu, Announces 50% Salary Increase for All Employees
Abdul Samad Rabiu, Chairman of BUA Group, has announced a significant salary increase for all staff members, with a 50%
Nigeria’s Economic Hardship: A bag of water up to N400, Derica of Rice N1200, Sardine N1,020, Butter N1,400 – New Prices Send Shockwaves
As economic hardship in Nigeria continues to worsen, the price of staple foods such as spaghetti, eggs, sardines, and butter
Nigeria Can Be Self-Sufficient in Food, Federal Government Says, Downplays Need for Imports
The Federal Government says Nigeria does not need to import food items from other countries, and that it can achieve
Sultan Warns President Tinubu: Growing Poverty, Hunger and Insecurity Could Lead to Revolt
A coalition of traditional leaders from Northern Nigeria, led by the Sultan of Sokoto, has warned President Tinubu of the
JAF Calls for Mass Protests Against Tinubu’s Policies, Citing Danger of Worsening Conditions and Potential Anarchy
The Joint Action Front (JAF) has issued a call to action, urging Nigerians to take to the streets in protest
CBN Governor Urges Nigerians to Reduce Demand for Foreign Currency and Imported Goods
The Governor of Central Bank of Nigeria (CBN), Olayemi Cardoso, has urged Nigerians to reduce their demand for dollar and
UPDATED: Group of Youths Stages Peaceful Protest in Osogbo, Osun State, Demanding Government Intervention on Rising Cost of Living
Group of youths staged a peaceful protest in Osogbo, Osun State, on Friday, decrying the rising cost of living, with
Residents Protest High Cost of Living in Minna, Block Roads
The exorbitant cost of living in the country sparked a demonstration on Monday morning in Minna, the capital of Niger
Presidency: Despite Hardship, Nigeria Has Africa’s Lowest Cost of Living
The Presidency has asserted that Nigerians enjoy the lowest cost of living in Africa despite the country’s skyrocketing inflation rate.
Nigeria Labour Congress President Blasts Tinubu’s Economic Policies, Calls Them ‘Unprecedented’ in the Country’s History
The President of the Nigeria Labour Congress (NLC), Joe Ajaero, has slammed the economic policies of President Bola Tinubu’s administration,
Reno Omokri Urges Tinubu to Ban Sports Betting Apps to Stabilize Naira
Reno Omokri has called on President Tinubu to ban sports betting apps in Nigeria so as to stabilise the Naira
NNPCL, Petrol Marketers at Odds Over Subsidy, Retailers Set Pump Price at N1,200/litre
The Nigerian National Petroleum Company Limited and fuel marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria,
NNPC Chief Says Refineries are Not for Reducing Fuel Price
Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, who appeared before the senate
Nigerian Clergyman Urges Youth to Stay and Build a Better Nigeria, Rather Than ‘Fleeing’
The President of the Christian Association of Nigeria (CAN), Archbishop Daniel Okoh, has issued warning to Nigerian youths against emigrating
Economist Laments Rise in Mental Illness, Blames “Tinubu/Sanwo-Olu Hardship
A renowned economist, Bismarck Rewane, has stated that the number of lunatics and mentally unstable people on the streets of
OPM Suspends Overseas Scholarships as Nigerian Naira Nosedives to New Low
Founder of the Omega Power Ministry (OPM), Apostle Chibuzor Chinyere, has suspended all overseas scholarships sponsored by his organization following
Nigerian Naira Exchange Rate Hits N1,200/$1 at P2P Market
The exchange rate between the naira and dollar opened the week at N1,200/$1 on P2P platforms on Monday, Oct. 23.
Fuel Crisis Sparks Panic as NNPC Supply Collapses
Fuel scarcity has resurfaced across Nigeria as many oil marketers shut their outlets against motorists and other buyers on the
20 Ways for Nigerian University Students to Earn Extra Cash and Gain Experience
As a Nigerian student, you can earn money through several platforms online with just your phone/laptop and good internet connection.
Shun Palliatives, Invest In Agriculture, Shehu Sani Advises FG
Former Kaduna Central lawmaker Senator Sheu Sani in a statement made on his official Twitter Account, has unveiled a promising
Having More Refineries Won’t Reduce Fuel Pump Price – President Tinubu Spokesperson, Ngelale Says
The Senior Special Assistant to President Bola Tinubu on Public Affairs, Ajuri Ngelale has said having more refineries in Nigeria
Diesel Price Rises From N600 To N950 Per Litre
The foreign exchange crisis in Nigeria, has driven diesel price from N600 to between N900 and N950 per litre, oil marketers
Petroleum Marketers Indicates Petrol Price May Rise To N750 Per Litre
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has indicated that the pump price of Premium Motor Spirit (PMS) may
Cooking Gas Price To Increase Next Week, Marketers Says
Nigerian Association of Liquefied Petroleum Gas Marketers has hinted that price of cooking gas will go up starting next week.
Business, Economy
Cost of Living: Nigeria’s never ending Hydra
The cost of living in Nigeria is a recurring topic that has garnered significant attention in recent years. The World
We’re Taught Education Can End Poverty. Here’s the Truth!
The narrative that education alone can be the ultimate weapon to conquer poverty has long been ingrained in our minds.
Presidency Engages NLC Over Proposed Strike
President Bola Tinubu, on Wednesday, in Abuja pleaded to the organised labour to give him more time to consider their
Super Eagles Captain, Ahmed Musa Announces Reduction In Pump Price Of Petrol At His Fuel Station
Super Eagles captain, Ahmed Musa, has announced a reduction in the pump price of petrol at his fuel station located
Subsidy Removal: NEC Directs NEMA To Immediately Distribute Grains (Agbado) To States
The National Economic Council (NEC) has directed the National Emergency Management Agency (NEMA) to immediately distribute grains to states within
FG is Tired of Loan Apps Harrassing Nigerians. So, They Made a Move!
The Federal Government through the Federal Competition and Consumer Protection Commission has said it will release a list of illegal
NLC Kicks Against Increased Fuel Price, Says It Is Unacceptable
The Nigeria Labour Congress has kicked against the increased pump price of petrol to N617, saying the development remains unaccepted
Tinubu Declares State Of Emergency On Food Security
President Bola Tinubu has declared a state of emergency on food security in Nigeria. This was made known by Dele
The Rich Also Lament: See What Billionaire Daughter Posted About High Cost Of Tomato
Hauwa Indimi -Yar’adua, daughter of a billionaire oil magnate, Mohammed Indimi, has lamented over the rising cost of foodstuff in
FG announces plans to collect VAT from market traders
The Nigerian Government through the Federal Inland Revenue Service, FIRS, announced the VAT Direct Initiative, a scheme that would enable
Anxiety Rises over Worsened Scarcity Of Tomatoes, Peppers
There is a rising anxiety over the worsening scarcity of tomatoes and peppers in most parts of the country, with
Naira Scarcity: Why New Notes Are Not In Circulation – CBN
Naira Redesign Was Done In The Interest Of Nigerians – CBN DeclaresWith the December 31st deadline issued by the Supreme
CBN orders Banks to open Saturdays and Sundays, attend to cash needs
The Central Bank of Nigeria (CBN) has directed all commercial banks to open for operation on Saturdays and Sundays. This
Business, Economy
NLC To Begin Nationwide Strike Over Cash Scarcity
The Nigeria Labour Congress (NLC), has directed its branches across the 36 states of the federation to begin mobilisation for
Dangote Overtakes Four On Billionaires’List, Makes N460bn In A Day
Nigerian business tycoon, Aliko Dangote, overtook two Russians, one Chinese and an Indian on the billionaires’ list on Monday, after