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Economy

It’s always about the economy, stupid…

Economy

FG Blasts DisCos for Undermining Power Sector Gains, Warns of N4 Trillion Subsidy Crisis

Jackson Kachi | Senior News Editor -
ABUJA, Nigeria — Nigeria’s Minister of Power, Bayo Adelabu, has sharply criticised electricity distribution companies (DisCos) for their poor performance, accusing them of frustrating...
Business

Petroleum Marketers Issues 21-Day Ultimatum to Soludo Over Alleged Harassment, Threaten Shutdown

Jackson Kachi | Senior News Editor -
AWKA, Nigeria — The Independent Petroleum Marketers Association of Nigeria (IPMAN), Anambra State Chapter, has issued a 21-working-day ultimatum to the state government, threatening...
Business

Angry Businessman Files £990 Trillion Lawsuit Against CBN Governor, Others Over Alleged Rights Abuse

Jackson Kachi | Senior News Editor -
ABUJA, Nigeria — Justice James Omotosho of the Federal High Court in Abuja has adjourned ruling to Wednesday June 4, 2025, on a preliminary...
Economy

President Tinubu Calls for Transparent Tax System as Cornerstone of Nigeria’s Development

Jackson Kachi | Senior News Editor -
ABUJA, Nigeria — President Bola Tinubu has reiterated the importance of a transparent and equitable tax system as the cornerstone of government financing and...
Business

‘Only 2,000 People Downloaded a CBN Document’: Cardoso Says Nigerians Don’t Read

Jackson Kachi | Senior News Editor -
ABUJA, Nigeria — Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has called on Nigerians—particularly policymakers and stakeholders—to pay closer attention to critical...
Economy

World Bank Questions NNPCL Over Withheld Petrol Subsidy Savings

Jackson Kachi | Senior News Editor -
ABUJA, Nigeria - The World Bank has raised serious concerns over the handling of petrol subsidy savings by the Nigerian National Petroleum Company Limited...
Business

FG to Launch Pilot Overhaul of Two Failing DisCos in Nationwide Power Sector Reform

Jackson Kachi | Senior News Editor -
ABUJA, Nigeria — The Federal Government has unveiled plans to pilot a sweeping reform of the country’s electricity distribution sector, beginning with a major...
Economy

Nigeria Clears $3.4 Billion IMF COVID-19 Loan Ahead of Schedule

Jackson Kachi | Senior News Editor -
ABUJA, Nigeria — Nigeria has fully repaid the $3.4 billion loan secured from the International Monetary Fund (IMF) in 2020 under the Rapid Financing...
Economy

Presidency Rebukes Akinwunmi Adesina Over Claims That Nigerians Are Worse Off Than in 1960

Jackson Kachi | Senior News Editor -
ABUJA, Nigeria - The Nigerian presidency has rejected a claim by African Development Bank (AfDB) President Akinwumi Adesina that Nigerians are economically worse off...
Economy

‘We Will Exit En Masse’: Nigerian Ride-Hailing Drivers Threaten Bolt, Uber, Others

Jackson Kachi | Senior News Editor -
LAGOS, Nigeria - Drivers under the Amalgamated Union of App-Based Transporters of Nigeria (AUATON), Lagos Council, have issued a stern ultimatum to ride-hailing giants...
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