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Economy

It’s always about the economy, stupid…

Economy

Over One Million Nigerians Facing Extreme Hunger over Food Security Crisis – World Bank

Manny Akpan | Business & Economy Editor -
ABUJA, Nigeria — Nigeria is grappling with a deepening food security crisis, with over one million more people falling into severe food insecurity in...
Economy

Fuel Price Hike: NLC Accuses Tinubu of Betraying the Wage Bill

Julius Okeke | Political Reporter -
LAGOS, Nigeria — The Nigeria Labour Congress, NLC, has accused President Bola Tinubu of betraying organized labour over the recent hike in petrol prices,...
Economy

Nigeria: Adamawa, Kebbi, and Borno Lead in Food Inflation for August 2024

Abdul Jummai | Politics Reporter -
ABUJA, Nigeria - The National Bureau of Statistics (NBS) has reported that Adamawa, Kebbi, and Borno states recorded the highest month-on-month food inflation rates...
Economy

Local and Foreign Companies Boost Nigeria’s Tax Revenue in Q2, Contributing Over N2 Trillion

Manny Akpan | Business & Economy Editor -
ABUJA, Nigeria – The National Bureau of Statistics, NBS, reported a significant rise in corporate tax contributions in the second quarter (Q2) of 2024,...
Economy

Reuben Abati: The Return Of Fuel Subsidy [MUST READ]

Reuben Abati | Op-Ed Contributor -
I was away on vacation for just two weeks only to return to meet fuel queues still on the streets of Nigeria with the...
Business

Dangote Refinery Raises Alarm on Stiff Opposition Amid Efforts to Lower Nigeria’s Fuel Prices

Manny Akpan | Business & Economy Editor -
LAGOS, Nigeria — Local and international vested interests are allegedly working to thwart the progress of the newly established Dangote Oil Refinery and Petrochemicals,...
Business

Nigeria’s Central Bank Revokes Heritage Bank’s License

Manny Akpan | Business & Economy Editor -
ABUJA, Nigeria — The Central Bank of Nigeria, CBN, has announced the immediate revocation of Heritage Bank Plc's operating license. This decisive action, authorised under...
Economy

National Grid Collapses as Electricity Workers Join Mininum Wage Strike

Manny Akpan | Business & Economy Editor -
LAGOS, Nigeria — Nigeria has been plunged into a nationwide blackout after electricity workers shut down the national grid in compliance with a joint...
Business

Microsoft Pulls Plug in Nigeria, 200 Workers Face Uncertain Future

Ella Ukairo | Tech Reporter -
LAGOS, Nigeria - Microsoft is reportedly considering shutting down its African Development Centre (ADC) in Lagos, Nigeria. This decision has sent shockwaves through the local...
Economy

Naira’s Revalution: Consumer Protection Commission Investigates Soaring Food Prices

Manny Akpan | Business & Economy Editor -
ABUJA, Nigeria - In a determined bid to address the persistent rise in food prices across Nigeria, the Federal Competition and Consumer Protection Commission,...
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