Tag: Nigeria Economy
Petrol Discount Policy Faces Fierce Criticism
Abuja, Nigeria — The Federal Government’s recent announcement of a 30-day petrol discount has ignited sharp criticism from…
Nigeria’s Investment Drive Lacks Capacity
Lagos, Nigeria — A senior lecturer at the University of Lagos (UNILAG) has raised concerns over Nigeria’s economic…
Oshiomhole Slams Atiku Over Subsidy Reversal
Adams Oshiomhole has sharply criticised Atiku Abubakar’s recent pledge to restore fuel subsidy if elected in 2027, recalling…
N3.9tn Debt Threatens 22 Nigerian Firms, Job Loss raise Concerns
A growing debt burden estimated at N3.9 trillion is emerging as a major threat to the sustainability of…
Fuel Subsidy Return Will Deepen Economic Crisis — Minister Idris
Abuja, Nigeria — The Minister of Information and National Orientation, Mohammed Idris, has cautioned against calls to reinstate…
Fuel Subsidy Debate: Tinubu, Atiku Clash Over Policy Direction
The removal of fuel subsidy in Nigeria has sparked a fresh political debate between President Bola Tinubu and…
From Ban to Blueprint: How Tinubu’s Crypto Order Can Unlock Nigeria’s Digital Economy
Nigeria's 29 million crypto users have been waiting for this moment. The July 17 executive order is the…
Nigeria Food Import Bill Falls 7.4% to $2.34bn in 2025 Despite Higher Imports
LAGOS — Nigeria's spending on food imports declined by 7.4 percent year-on-year to $2.34 billion in 2025, signalling…
Nigeria Capital Importation Surges 83% to $10.37bn in Q1 2026
ABUJA — Nigeria's capital importation surged to $10.37 billion in the first quarter of 2026, representing an 83.83…
Tinubu Hails Nigerian Navy as Critical Pillar of Economic Security
ABUJA — President Bola Ahmed Tinubu has described the Nigerian Navy as a critical pillar in protecting and…
Naira Stays Stable on Friday as CBN Sustains Holiday FX Support
LAGOS — The Nigerian naira maintained relative stability against the United States dollar on Friday, May 29, 2026,…
Nigeria’s Foreign Reserves Rise Above $50bn in Major Milestone
ABUJA — The Central Bank of Nigeria has confirmed that Nigeria's foreign exchange reserves have risen above $50…
