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Economy

It’s always about the economy, stupid…

Economy

Nigeria Awaits Energy Independence: Oil Marketers Hold Off Imports in Anticipation of Local Refining

Manny Akpan | Business & Economy Editor -
PORT HARCOURT, Nigeria - Nigerian oil marketers are suspending plans to import Premium Motor Spirit, PMS, commonly known as petrol, as they eagerly await...
Economy

Aviation Sector: Beyond Tinubu’s Abu Dhabi Diplomatic Stop-Over, By Reuben Abati [MUST READ]

Reuben Abati | Op-Ed Contributor -
Next week, he goes off to New York, United States for the United Nations General Assembly (UNGA). When Tinubu returns to Nigeria, before he...
Economy

University of Lagos Stands Firm on 400% Fee Hike, Citing Quality and Rising Costs

Doyin Ajayi | Sub-Editor -
LAGOS, Nigeria - The University of Lagos, UNILAG, embroiled in a crisis over a substantial fee hike, is not backing down. Vice-Chancellor Prof. Folashade Ogunsola...
Economy

Tony Elumelu Denies Speculation He’s Being Tipped as Next Central Bank Governor

Ima Matthew | Sub Editor -
LAGOS, Nigeria — Tony Elumelu, the chairman of Heirs Holdings and founder of the Tony Elumelu Foundation, has publicly denied rumors that he is...
Economy

Nigeria’s Central Bank Probes $1 Billion Currency Counterfeit Deal

Manny Akpan | Business & Economy Editor -
ABUJA, Nigeria — The Central Bank of Nigeria, CBN, has initiated a probe into an alleged currency counterfeiting operation involving a sum of $1...
Economy

Naira’s Nosedive: Nigeria’s Currency Hits Rock Bottom Despite Economic Reforms

Manny Akpan | Business & Economy Editor -
LAGOS, Nigeria — Nigeria's currency, the Naira, has plunged to the bottom of the African currency rankings, despite a string of economic reforms implemented...
Economy

Fueling Change: Petrol Consumption Plummets 30% After Subsidy Cut in Nigeria

Manny Akpan | Business & Economy Editor -
ABUJA, Nigeria — The Group Managing Director of the Nigerian National Petroleum Company Limited, NNPCL, Mele Kyari, disclosed on Friday, September 1, 2023, that...
Economy

Schools Reopen Amid Rising School Fees and Hardships: The Dark Side of Nigeria’s Fuel Subsidy Cut

Manny Akpan | Business & Economy Editor -
NIGERIA - As primary and secondary schools across Nigeria reopen for a new academic session this September, parents are voicing their angst over rising...
Economy

Nigeria’s Daily Oil Leak: A Staggering 400,000 Barrels Lost, Warns National Security Adviser

Salisu Sulaimon | Sub-Editor -
OWAZA, Nigeria - Nigeria continues to lose 400,000 barrels of crude oil daily to theft and vandalism, despite efforts to combat this enduring issue,...
Economy

N13 Billion Weekly Losses: Northern Forum Urges Tinubu to Reopen Borders with Niger Republic

Doyin Ajayi | Sub-Editor -
ABUJA, Nigeria — Business leaders under the umbrella of the Arewa Economic Forum, AEF, have urgently called the Federal Government to reopen specific northern...
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