Economy and Business
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National Assembly Faces Backlash as Nigeria’s Debt Climbs to N138tn
The National Assembly has come under heavy criticism for the swift approval of President Bola Tinubu’s loan requests, raising Nigeria’s…
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Minister Edun Blames Past Administrations for Nigerians’ Economic Pain
Minister of Finance Wale Edun has attributed the economic challenges Nigerians face under President Bola Ahmed Tinubu’s administration to past…
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Economic hardship: More woes for Nigerians as cooking gas prices skyrocket nationwide
Nigeria’s economic hardship is deepening as citizens are now grappling with soaring cooking gas prices. According to the National Bureau…
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Fuel import surges despite NNPCL’s local refinery assurance
The Nigerian National Petroleum Corporation Limited (NNPCL) is under intense scrutiny as fuel importation costs hit nearly ₦3 trillion between…
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BREAKING: Nigeria’s inflation Rate Rises to 33.88%
Nigeria’s inflation rate has risen to 33.88% in October 2024, up from 32.7% in September 2024. According to the latest…
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Taraba Community Protests Rising Costs of Sachet Water
Residents of Taraba’s capital, Jalingo, have voiced mounting frustration over the recent surge in sachet water prices, which have spiked…
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Cost of Cement Rises to N8,800 Amid Skyrocketing Building Material Prices
The cost of building materials in Nigeria has risen sharply, exacerbating the country’s already dire housing crisis and threatening to…
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FG Announces N75bn Single-Digit Interest Loans for MSMEs
The Federal Government of Nigeria has introduced a N75 billion loan programme aimed at supporting 75,000 Micro, Small, and Medium…
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Hardship: Cost of goods to rise as bank network issues delay container pick-ups at ports
Persistent network issues caused by electronic banking portal upgrades at some commercial banks are currently disrupting cargo clearance at Apapa…
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Economic hardship: Nigerian children face malnutrition as food costs skyrocket
Soaring food prices in Nigeria are forcing families to make difficult decisions, with severe consequences for nutrition and health. As…
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FG Secures Agreement with Airport Taxi Operators for CNG Conversion Initiative
In a significant move towards sustainable transportation, the Nigerian government signed an agreement on Tuesday with taxi operators at Nnamdi…
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Fuel Supply to Increase as FG Grants Licenses for Companies to Operate Refineries in Nigeria
Nigeria’s fuel supply is set to increase as the Federal Government, through the Nigerian Midstream and Downstream Petroleum Authority (NMDPRA)…
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FG Offers 50% Tax Cut to Encourage Companies to Raise Employee Wages
The Federal Government has proposed a 50% tax cut for companies that increase wages or provide transportation subsidies to low-income…
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NNPCL Begins $6 Billion Debt Repayment Process, FG Reveals
The Nigerian National Petroleum Company Limited (NNPCL) has officially commenced the process of settling its $6 billion debt, according to…
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BREAKING: Naira showing signs of recovery – IMF declares
The International Monetary Fund (IMF) has reported that Nigeria’s currency, the naira, is showing signs of stability due to recent…
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BREAKING: IMF lowers Nigeria’s 2024 growth projection over insecurity, severe flooding
The International Monetary Fund (IMF) has downgraded Nigeria’s economic growth to 2.9 per cent in 2024. The fund, in its Global Economic…
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TCN Reveals Reason for Latest National Grid Collapse
The Transmission Company of Nigeria (TCN) has said the breakdown of the national grid, which occurred early Saturday morning, was…
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Energy Expert Exposes How Dangote Failed to Deliver 25 Million Litres of Petrol Per Day as Planned
An energy expert, Dr Tayo Douglas, has revealed details about the inability of Dangote Refinery to meet its promised daily…
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“I Generate 15% of Nigeria’s Power Supply” – Davido’s Father, Deji Adeleke Claims
Deji Adeleke, a prominent businessman and father of Nigerian musician Davido, recently stated that his company contributes significantly to Nigeria’s…
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‘Women can expect greater financial access’ – CBN boss
At the 30th Nigeria Economic Summit held in Abuja, Central Bank of Nigeria (CBN) Governor Yemi Cardoso emphasised the institution’s…
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