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Economy

Buhari’s Excessive Borrowing and Money Printing Wrecked Naira, Says Oshiomhole

BENIN CITY, Nigeria — Senator Adams Oshiomhole, the legislator representing Edo North, has attributed the collapse of the naira and the ongoing cost of living...

Nigeria Ranked 12th Poorest Country Globally by GDP Per Capita in 2025 — IMF Report

ABUJA, Nigeria — Nigeria has been ranked the 12th poorest country in the world by gross domestic product (GDP) per capita, according to new...

Senate Gives NNPC 10-Day Ultimatum Over N210 Trillion Financial Discrepancy

ABUJA, Nigeria — The Senate Committee on Public Accounts has issued a 10-day ultimatum to the Nigerian National Petroleum Company (NNPC) Limited to respond...

Tinubu Signs 4 Tax Bills Into Law, Implementation Set for 2026

ABUJA, Nigeria — The Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has announced that the newly signed tax reform laws will...

NNPC Raises Petrol Price to ₦915 in Lagos, ₦945 in Abuja

LAGOS, Nigeria — The Nigerian National Petroleum Company (NNPC) Limited has increased the pump price of petrol to ₦915 per litre in Lagos and...

NLC Begins Negotiations with FG, Demands ₦1 Million Minimum Wage

ABUJA, Nigeria — The Nigeria Labour Congress (NLC) has formally initiated negotiations with the Federal Government for a revised national minimum wage of ₦1...

Senate Orders NNPCL to Explain ₦210 Trillion Audit Discrepancy

ABUJA, Nigeria — The Senate on Wednesday, June 18, 2025, issued a one-week ultimatum to the Nigerian National Petroleum Company Limited (NNPCL) to clarify discrepancies...

Ndokwa Residents Protest Over 16-Year Power Outage

KWALE, Nigeria — Hundreds of residents from the Ndokwa area of Delta State on Monday, June 16, 2025, staged a large-scale protest over the...

Emefiele Granted ₦2 Billion Bail Over Alleged Estate Fraud, Proxy Accounts

ABUJA — A High Court of the Federal Capital Territory (FCT) on Monday, June 16, 2025, granted bail in the sum of ₦2 billion...

Mohammed Abacha Escalates Malabu Oil Battle to Supreme Court in Bid to Reclaim Controversial Asset

ABUJA, Nigeria — Mohammed Abacha, son of the late military Head of State, General Sani Abacha, has initiated legal proceedings to appeal a recent...

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