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Economy

It’s always about the economy, stupid…

Economy

Fuel Subsidy Removal: Arewa Citizen Watchdog Calls for Resignation of NNPCL MD, Mele Kyari

Salisu Sulaimon | Sub-Editor -
KADUNA, Nigeria — The Arewa Citizens Watch for Good Governance, ACWGG, an advocacy group for good governance, has announced plans to organize massive protests...
Economy

Tinubu’s Broken Promises: Fuel Subsidy Removal Leaves Nigerians Struggling with Economic Pain

Bayo Adegbite | Politics Reporter -
LAGOS, Nigeria — Two months after President Bola Tinubu took the step of removing fuel subsidy, promising that the move would free up funds...
Economy

On the Brink: Labour’s Strike Threat Over Fuel Subsidies Risks Nationwide Standstill

Salisu Sulaimon | Sub-Editor -
LAGOS, Nigeria — A nationwide strike called by the Nigeria Labour Congress, NLC, over the removal of fuel subsidies and rising cost of living...
Economy

Nigeria’s Apex Oil Company Battles Crude Oil Theft, Discovers 162 Illegal Pipeline Connections

Kenneth Ebelemi | Sub Editor -
BAYELSA, Nigeria - The Nigerian National Petroleum Company Limited, NNPCL, has announced the discovery of 162 illegal pipeline connections and refineries predominantly in Bayelsa,...
Economy

Nigeria’s Central Bank Hikes Interest Rates Amid Rising Inflation

Manny Akpan | Business & Economy Editor -
LAGOS, Nigeria — The Central Bank of Nigeria's Monetary Policy Committee has announced a modest increase in monetary policy rates to 18.75 percent, a...
Economy

More Hardships: Fuel Price Soars to N1,000 per Litre in Ogun Border Communities

Manny Akpan | Business & Economy Editor -
ABEOKUTA, Nigeria - In Ogun State, Nigeria, the adjustment of petrol pump price by the Nigerian National Petroleum Corporation, NNPC, has pushed the cost...
Economy

Skyrocketing Fuel Prices: Nigerians Groan Under the Harsh Economic Climate

Manny Akpan | Business & Economy Editor -
LAGOS, Nigeria - The removal of fuel subsidies in Nigeria has left its citizens grappling with skyrocketing fuel prices, leading to a widespread lifestyle...
Economy

Nigerian Labour Congress Rejects Fuel Price Inflation and Tinubu’s Financial Agenda

Ima Matthew | Sub Editor -
ABUJA, Nigeria — The Nigerian Labour Congress, NLC, has vehemently rejected the Federal Government's new fuel pricing policy and its plan to distribute N8,000...
Economy

Petroleum Marketers Push for Presidential Action on Spiralling Fuel Prices

Silas Ebeh | Crime Reporter -
LAGOS, Nigeria — The Independent Petroleum Marketers Association of Nigeria, IPMAN, has called on President Bola Tinubu to declare an emergency on the nation's...
Economy

Nigeria’s Central Bank Clamps Down, Revokes 2,698 Bureau de Change Licenses

Manny Akpan | Business & Economy Editor -
ABUJA, Nigeria — The Central Bank of Nigeria, CBN, dramatically curtailed the number of authorized Bureau de Change, BDC, dealers on Wednesday, July 19,...
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