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Economy

It’s always about the economy, stupid…

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...
Business

Musk, Bezos, Zuckerberg, Other Billionaires Lose $300 Billion After Trump’s First 100 Days

Jackson Kachi | Senior News Editor -
JERSEY CITY, USA - A new Forbes analysis has revealed that America’s richest individuals, including tech magnates Elon Musk, Jeff Bezos, and Mark Zuckerberg,...
Business

Trump Tariffs: ‘Lesotho Exports $200 Billion’: Okonjo-Iweala Urges African Trade

Jackson Kachi | Senior News Editor -
WASHINGTON, USA - Ngozi Okonjo-Iweala, the Director-General of the World Trade Organisation (WTO), has urged African nations to enhance intra-regional trade and work towards...
Economy

Nigeria Bans Import of Oil Pipelines, Urges Patronage of Local Manufacturers

Jackson Kachi | Senior News Editor -
LAGOS, Nigeria - In a bold move to foster local industries and reduce dependence on imports, the Nigerian government has announced a ban on...
Economy

World Bank Warns More Nigerians to Slip into Poverty by 2027

Jackson Kachi | Senior News Editor -
WASHINGTON, USA - The World Bank has raised alarm over Nigeria's rising poverty rate, projecting that more Nigerians will fall into extreme poverty by...
Business

App-Based Drivers Plan May Day Strike Action, Demand Justice from Uber, Bolt, Others

Jackson Kachi | Senior News Editor -
LAGOS, Nigeria - App-based transport workers in Nigeria, including drivers for ride-hailing platforms such as Uber, Bolt, Lagride, Indrive, and Rida, have announced a...
Economy

JUST IN: NiMet Workers Suspend Strike After Keyamo’s Intervention, Averting Aviation Crisis

Jackson Kachi | Senior News Editor -
ABUJA, Nigeria – Employees of the Nigerian Meteorological Agency (NiMET) have called off their indefinite strike after a successful intervention by the federal government,...
Business

Air Peace Grounds Flights Over NiMet Strike as Other Airlines Continue Operations

Jackson Kachi | Senior News Editor -
ABUJA, Nigeria - Following the ongoing strike by the Nigerian Meteorological Agency (NiMet), which began on April 22, 2025, Air Peace, Nigeria’s largest domestic...
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