2024: A Year of Progress for Lagos Water Transport The year 2024 marked significant advancements in Lagos State’s water transportation sector, highlighted by the introduction of standardized, locally-built ferries known as Omnibus boats. This initiative not only elevated operational standards but also spurred the informal sector towards formalization by offering…

Nigeria’s import expenditure over the past four years (2020-2024) paints a concerning picture of a nation grappling with a persistent reliance on foreign goods, despite stated policy objectives aimed at bolstering domestic production. A staggering N21.51 trillion was spent on imports during this period, a figure that underscores the depth…

Victor Boniface, the 24-year-old Nigerian striker currently playing for Bayer Leverkusen, has found himself in a peculiar predicament: prolific at the club level, yet struggling to replicate that success on the international stage. This stark contrast has led to growing impatience among Nigerian football fans, who have openly expressed their…

Nigeria’s Monetary Policy Rate and its Implications Nigeria’s current Monetary Policy Rate (MPR) of 27.50% stands as the fifth highest globally, trailing only Venezuela (59.4%), Turkey (45%), Zimbabwe (35%), and Argentina (29%). This elevated MPR, a benchmark interest rate set by the Central Bank of Nigeria (CBN), reflects the country’s…