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Economy

It’s always about the economy, stupid…

Business

Nigerian Banks Lost N42.6 Billion to Fraud in Q2 2024, Says AMMBAN

Manny Akpan | Business & Economy Editor -
BENIN CITY, Nigeria — Nigerian banks lost a staggering N42.6 billion to fraud in the second quarter of 2024, according to the Association of...
Economy

Blue Economy: Bayelsa Governor Seeks Federal Support to Develop Agge Deep Seaport

Kenneth Ebelemi | Sub Editor -
ABUJA, Nigeria — Bayelsa State Governor, Senator Douye Diri, has called on the Federal Government to collaborate with his administration in the development of...
Economy

Lagos Government Increases Minimum Wage to N85,000

Ekamma Jacobs | Staff Reporter -
LAGOS, Nigeria — Lagos State Governor Babajide Sanwo-Olu has announced a significant increase in the state's minimum wage, raising it to N85,000. The governor made...
Economy

Nigeria’s Inflation Rate Rises to 32.7% in September, Breaking 2-Month Decline

Manny Akpan | Business & Economy Editor -
ABUJA, Nigeria — Nigeria's annual inflation rate increased in September, marking the end of a two-month streak of declining inflation. The National Bureau of Statistics...
Economy

ActionAid Nigeria Rebukes World Bank’s Endorsement of Tinubu’s ‘T-Pain’ Reforms

Manny Akpan | Business & Economy Editor -
ABUJA, Nigeria — ActionAid Nigeria has strongly condemned recent comments made by World Bank Senior Vice President and Chief Economist Indermit Gill, calling his...
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...
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