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Nigeria's Foreign Reserves Gain $1bn in June as FX Stability Improves

Nigeria, June 17 -- New data from the Central Bank of Nigeria reveal a two-week increase of almost $1.01 billion in gross foreign reserves from $49.80 billion on June 1 to $50.81 billion by June 15. ... Read More


Spain Held by Cape Verde as Yamal Finds Support After World Cup Frustration

Nigeria, June 16 -- The News Chronicle reports that Spain controlled possession and created numerous scoring opportunities at the Mercedes-Benz Stadium in Atlanta, but failed to convert their chances ... Read More


Food Prices Drive Inflation Higher as Nigeria Records 16.96% Food Inflation Rate

Nigeria, June 16 -- Rising prices of important staples including tomatoes, onions, maize, cassava products, yam, pepper, cowpea, ginger, and plantain kept driving food prices higher all across the nat... Read More


IMF Tax Proposal Sparks Backlash as Nigerians Reject Fresh Telecom and Fuel Levies

Nigeria, June 15 -- The News Chronicle reports that telecom customers and business leaders who contend that Nigerians are already burdened by many taxes and worsening economic difficulties are worried... Read More


Amad Diallo Fires Ivory Coast to Africa's First Victory at 2026 World Cup

Nigeria, June 15 -- The News Chronicle reports that before the Manchester United winger made a late game-winning play the African champions seemed doomed to settle for a goalless draw in Philadelphia.... Read More


Manufacturing Drives N329.6bn VAT Revenue as Sector Strengthens Nigeria's Non Oil Economy

Nigeria, June 15 -- The News Chronicle reports that the latest figures released by the National Bureau of Statistics show that VAT revenue from manufacturing activities rose significantly from N286.95... Read More


Dangote Refinery Hits $39 Billion Valuation as Investors Rush $1 Billion Share Offer

Nigeria, June 11 -- The News Chronicle reports that the refinery is issuing 3 billion ordinary shares at $0.35 each in a capital-raising effort intended to raise around $1 billion. People conversant w... Read More


World Cup 2026 Set to Miss Cole Palmer And Other Global Stars Due To Injuries And Team Omissions

Nigeria, June 11 -- The News Chronicle reports that although supporters anxiously await the most important World Cup ever, the absence of some of the most well-known stars is the subject of much debat... Read More


World Bank Warns 53 Million People Across Region Could Face Food Crisis

Nigeria, June 11 -- The News Chronicle reports that between June and August 2026, some 52.9 million people, many of them in northern Nigeria, will suffer from severe food and nutrition insecurity. Th... Read More


Isaac Fayose Sparks Debate Over Taxes and Insecurity in Nigeria

Nigeria, June 10 -- Rising living expenses and the continuing threat of kidnapping and ransom requests across parts of the nation, Fayose voiced worry in a social media post about the burden of taxes ... Read More