Video - Unilever Nigeria reports 65 percent surge in Q1 profit, driven by strong sales

Unilever Nigeria reported a Q1 profit of $6.7 million, a 65 percent increase. This surge was primarily driven by strong sales in its food products segment, followed by personal care and beauty, and wellbeing categories.

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Video - Nigerian legendary artist Femi Kuti gives new album fresh perspective

Femi Kuti is set to release his new album this week. He is known for his critiques of political corruption and social injustice. However, Kuti says his latest release is more introspective, with introspective reflections on family, life, and personal growth.

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Related story: Femi Kuti breaks saxophone world record

Video - Nigeria significantly cuts electricity subsidies, sparks public discontent

The Nigerian government announced a 35 percent reduction in electricity subsidies, following tariff hikes for major consumers implemented in April last year. While the move has reportedly saved the government millions of dollars, many Nigerians are unhappy as they continue to struggle with high energy costs and unreliable distribution.

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Video - Nigeria food crisis deepens

Nigeria is in the grip of a worsening food crisis. Inflation is crippling farmers and traders, and millions face hunger. Despite a new emergency plan, critics say lasting solutions are still missing.

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Video - Nigerian teen sets record with massive artwork

At just 15 years old, Kaneyachukwu Tagbo Okeke has made history with a painting that spans over 130,000 square feet. Titled “Impossibility is a Myth,” the Guinness World Record breaking artwork gives a voice to the nonverbal artist and a message of hope to the world.

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Video - Nigeria taps creative industry to boost economic growth

Nigeria is turning to its creative industry to drive economic growth and job creation. The sector already contributes $5.6 billion to the country's GDP.

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Video - Boko Haram attacks on military formations concern Nigerian authorities

Boko Haram launched a wave of attacks on military bases in Nigeria's Borno State. Governor Babagana Zulum responded with a call for aggressive military action, warning the group may be regrouping and retaking territory. Officials said the renewed violence could derail efforts to resettle displaced residents.

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Video - Nigerian exporters brace for impact as U.S. tariff pause sparks urgency

While the temporary suspension of 14 percent U.S. tariffs offered brief relief, experts warned Nigeria must act fast to negotiate a long-term solution with U.S. President Donald Trump or risk deeper economic fallout and declining investor confidence.

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Video - Cryptocurrency in Nigeria

Cryptocurrency in Nigeria.

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Related stories: President Tinubu signs law classifying crypto as securities

Video - Nigerian farmers look to capitalize on rising cocoa prices

Nigeria's cocoa industry is booming as prices hit record highs. However, behind the price surge lie challenges and opportunities as farmers face significant rewards and risks in this volatile market.

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Video - Millions of Nigerian landowners lack government-issued titles

According to Nigerian government data, less than 10 percent of land is officially documented, leaving millions of landowners without government-issued titles. This lack of formal recognition has become a significant barrier for landowners seeking loans. Experts point to bureaucracy and corruption within Nigeria's land ownership system as key factors contributing to the issue.

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Video - Nigeria aims to construct over 500,000 housing units annually

According to industry experts, achieving this ambitious goal requires over $6.25 billion annually, a target hindered by a struggling local manufacturing sector and a heavy reliance on imported materials.

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Video - Police ban Durbar Festival in Northern Nigeria

Authorities canceled the event for the second consecutive year due to security concerns.

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Video - Unilever Nigeria reports 79 percent profit surge in 2024

The company says growth in its food and personal care segments helped fuel the profits. However, Unilever remains cautious about macroeconomic risks, citing volatile oil prices, forex shortages, and unfavorable fiscal policies.

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Video - Food prices drop in Nigeria, but many remain cautious

Experts attribute the decline in food prices to enhanced security for farmers in rural areas. While this reduction offers some relief in a country grappling with high inflation, many still feel that prices remain prohibitively high for the average person.

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Video - Nigeria’s kidney crisis as experts push for reforms

Chronic kidney disease affects 15 percent of Nigeria's population, with an estimated 45,000 deaths annually due to kidney failure. A new subsidy has however cut dialysis costs by 80 percent in select hospitals.

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Video - Nigeria advocates for China tariff exemptions

Nigeria and China have maintained a strong trade relationship, with transactions surpassing $21 billion in 2024. While China recently granted tariff exemptions to 33 African countries, Nigeria was not included, raising concerns about Nigeria's trade policies and its competitiveness.

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Video - Nigeria's petrol import expenditure soars to all-time high in 2024

Nigeria spent $9.64 billion on petrol imports in 2024, a 105 percent increase from 2023. This sharp rise underscores the country’s continued reliance on imported fuel despite efforts to boost domestic refining capacity.

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Video - Nigerian farm milks scorpions for venom, eyes lucrative global market

A farm is turning scorpion venom into a lucrative business in Lagos, Nigeria. With over 10,000 scorpions, farmers extract the highly valuable venom for use in pharmaceuticals, biotech, and cosmetics.

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Video - Nigeria sets ambitious 7% GDP growth target for 2025

Achieving this goal will require significant policy changes, private-sector expansion, and increased investment in key sectors. Experts warn that reducing dependence on imports and improving local production will be essential for sustainable growth.

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