Nigeria’s poverty crisis worsens as 20m join the growing population by 2027

  The World Bank last Thursday raised   disturbing alarm  that poverty in Nigeria will  rise astronomically by 3.6 percentage points  as 20 millions will swell the ranks of the poor over the next two years through 2027. The bank released this fearsome …

Nigeria’s top banks rake in billions while keeping salaries tight

Nigeria’s leading banks are demonstrating an impressive combination of profitability and operational efficiency. Recent data indicates that the most lucrative financial institutions in the country are achieving strong earnings while keeping personnel costs …

Nigeria’s spiralling rural violence heaps pressure on president

South Africa, Nigeria, Angola hold back sub-Saharan Africa’s growth - World Bank

The World Bank projects that economic activity in Sub-Saharan Africa will climb from 3.3% in 2024 to 3.5% in 2025, and further accelerate to 4.3% by 2026–27. However, growth is being weighed down by some of the region’s largest economies, Angola, Nigeria, …

Inside Nigeria’s loan app spam machine: how lenders use BCC to flood your inbox

“I just got a loan offer from someone I’ve never met, never contacted, and who doesn’t know me.” This is becoming a daily experience for many Nigerians who open their inboxes to find bulk loan solicitations sent via BCC (Blind Carbon Copy) from unknown …

Human Trafficking: Chisco Transport Partners Ghanaian Govt To Repatriate Victims To Nigeria

April 28, (THEWILL) – Chisco Transport Limited has partnered with the Ghanaian government to facilitate the return of Nigerian victims of human trafficking from Ghana to Nigeria. As part of the rescue effort, Chisco Transport provided a fleet of luxury and …

Rethinking nuclear power as a strategic imperative for Nigeria’s energy sector

BY DAVID BASSEY ANTIA In the recent inaugural lecture delivered by the distinguished professor of nuclear physics, Professor Aniesua Essiett, at the University of Uyo on 24th April, a startling revelation was made to the dismay of an attentive and …

Firewood economy: The sustainability paradox in north-east Nigeria

BY ADELEKE BANWO Every day, a pressing dilemma unfolds in the arid plains of Adamawa state and the broader north-east Nigeria. Government agencies, universities such as the American University of Nigeria, conservation groups, and local communities …

Insecurity is Crippling Nigeria – Ikiebe

The pervasive insecurity plaguing Nigeria is far from a trivial matter, deeply impacting every facet of the nation’s life, from food security and freedom of movement to education and commerce. This stark assessment was delivered by Dr. Richard Ikiebe, the …

Aruwa Capital raises $35M to back high growth businesses in Ghana and Nigeria

Nigerian investment firm Aruwa Capital Management has raised $35 million in the first close of its second fund, with an initial target of $40 million. The firm now aims for a final close of $50 million, with a hard cap of $60 million. Fund II boasts a mix …