Nigeria Economy
Ibukun Awosika Biography: First Female FirstBank Chair
Ibukun Awosika's journey from a Chemistry graduate to becoming the first woman to chair the board of First Bank of Nigeria Limited is one...
When N125 Could Buy 25 Bags of Rice
There was a time when a Nigerian worker could look forward to payday with a different sense of financial security. A salary, even at...
They Went to Recover a Debt. Hours Later, Four Students Were Dead
The four young men did not leave that morning knowing they were walking into a death trap.They had gone to Omuokiri, Aluu, in Rivers...
Nigeria’s $12.4 Billion Oil Accounts: 7 Crucial Findings
Nigeria’s $12.4 Billion Oil Accounts occupy a prominent place in the economic and political history of Nigeria’s military era. Between 1988 and June 1994,...
Naira Under Pressure: The Long, Unfinished Story of Currency Devaluation in Nigeria
In Nigeria, the value of money is rarely still.One week, a trader in Aba adjusts her prices. The next, a spare parts dealer in...
Why Intra African Trade Remains Weak Despite Massive Continental Potential
Across Africa, trucks loaded with goods often travel hundreds of kilometers only to spend days at a single border post. Markets on both sides...
The Import Addiction: How Nigeria Shifted from a Production Powerhouse to a Consumption Economy
In the bustling markets of Lagos, Kano, and Port Harcourt, the story of Nigeria’s economy is written in the most ordinary things: rice from...
From Groundnut Pyramids to Imported Goods: How Nigeria Slowly Lost Its Export Strength
There was a time when Nigeria’s economy moved with the confidence of a producing nation.Before crude oil became the center of national wealth, ships...
Before Imports Took Over: When Nigeria Produced More of What It Consumed
There was a time when Nigeria’s economy felt closer to the people who lived inside it.In Kano, traders moved groundnuts, leather, and cotton across...
From Oil Boom to Economic Strain: How Nigeria’s Wealth Became Its Weakness
When crude oil first surged into the center of Nigeria’s economy in the early 1970s, it did not arrive quietly. It arrived like a...