Jumoke Salako

Violent Conflicts Slash Household Spending Across Northern Nigeria - Report

Violent Conflicts Slash Household Spending Across Northern Nigeria – Report

Widespread violent conflicts and rising insecurity are severely depressing household consumption and trapping millions of families in chronic poverty across northern Nigeria. A comprehensive study jointly conducted by the Chronic Poverty Advisory Network at the Institute of Development Studies, United Kingdom, and Nigeria’s Development Research and Projects Centre revealed these stark economic realities. The year-long…

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Commodity Dependence Exposes Africa to Shocks - Afreximbank

Commodity Dependence Exposes Africa to Shocks – Afreximbank

Africa’s persistent reliance on raw material exports leaves the continent dangerously exposed to global price volatility, geopolitical friction, and supply-chain chaos. The African Export-Import Bank delivered this sobering assessment in its latest Trade and Development Finance Brief. The report details a familiar structural flaw. Most African nations continue to ship out agricultural goods, crude oil,…

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IMF Urges Nigeria to Target Subsidy Savings at the Poor

Debt Service Gulps 50% of Nigeria’s Tax Revenue – IMF

Nigeria faces a crippling fiscal squeeze despite maintaining technically sustainable levels of public debt. The International Monetary Fund warns that the federal government will spend roughly 50 percent of its tax revenues solely on interest payments between 2025 and 2028. While Abuja is not at immediate risk of systemic sovereign default, this massive debt-servicing burden…

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Agric Growth Nearly Doubles in Q2 Amid Insecurity -NBS

Foreign Investment in Manufacturing Crashes by 50% – NBS

Foreign capital flows into Nigeria’s manufacturing sector plummeted by 50.7 per cent quarter-on-quarter to 152.27 million dollars in the first quarter of 2026. The latest Capital Importation Report from the National Bureau of Statistics reveals a severe cooling of investor appetite for domestic industrial production. This sharp drop from the 308.93 million dollars recorded in…

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NDPC Probes 1,369 Firms Over Violations

NDPC Probes 1,369 Firms Over Violations

Nigeria’s data protection regulator has launched a sweeping sector-wide investigation into 1,369 domestic firms. The Nigeria Data Protection Commission suspects the targeted entities of systemic non-compliance with statutory privacy laws. The massive enforcement operation puts several prominent digital banks, insurance brokers, and gaming firms under intense regulatory scrutiny. It represents the largest coordinated crackdown on…

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Manufacturers Spend N1.34tn on Alternative Power

Manufacturers Spend N1.34tn on Alternative Power

Nigerian manufacturers spent N1.34 trillion on alternative energy sources in 2025 to keep their factories running. This expenditure represents a 71.4 percent surge from the N781.68 billion recorded in 2023. The Manufacturers Association of Nigeria disclosed these figures in a comprehensive evaluation of recent state reforms. The data shows that the industrial sector is paying…

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Rival Cult Clash Leaves Five Dead in Osun

Osun Restructures School Security to Prevent Oyo Spillover

The Osun State government has summoned an emergency security meeting following the mass abduction of students and teachers in neighbouring Oyo State. The state Ministry of Education met with local union leaders and state intelligence chiefs in Osogbo to draft defensive strategies. Governor Ademola Adeleke ordered the immediate revitalisation of the Safe School Initiative to…

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Africa Trade Finance Gap Nears $87bn - AfDB

Africa Trade Finance Gap Nears $87bn – AfDB

The African Development Bank has warned that the continent’s trade finance deficit could reach an unprecedented $86.6 billion next year. Bank executives released the sobering projections during an international financial forum, highlighting a widening chasm that threatens regional economic integration. The expanding shortfall stems from global banking institutions aggressively scaling back their operations across emerging…

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