Economy

Archbishop of the Aba Ecclesiastical Province and leader, Southern Nigeria Bishops Conference, Church of Nigeria (Anglican Communion), Dr Isaac Nwaobia, has declared that there is no hope for the country under the Bola Tinubu…
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Crude Oil and Dollar The naira has remained firm against the dollar since the country received $925m additional inflow from ‘Project Gazelle Funding Limited’, a crude oil forward sales deal between the Nigerian National Petroleum…
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At a time prices of essential commodities have skyrocketed in Nigeria with apparent lack of price control mechanism, Senegal’s new government has announced measures to cut prices on the same commodities, including rice, oil, bread,…
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By William Emmanuel Ukpoju Diageo, the parent company of Guinness Nigeria Plc, has announced its decision to withdraw from the Nigerian market after a 75-year presence. This move has ignited a flurry of reactions across social media…
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Civic-tech organization,  BudgIT disclosed Tuesday that up to N132.2 billion were budgeted for frivolities in the 2024  budget, funds that could be used to pay up to 55,083 workers a minimum wage of N100,000 monthly for 2 years. In…
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The African Export-Import Bank (Afreximbank), has released $925 million to Nigeria under a $3.3 billion syndicated credit facility sponsored by the Nigerian National Petroleum Company, Ltd. (NNPC), bringing total disbursements to…
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African Export-Import Bank (Afreximbank) has announced an additional disbursement of US$925 million under the syndicated US$3.3 billion crude oil-backed prepayment facility sponsored by the Nigerian National Petroleum Company (NNPC)…
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Despite consistent hike in Nigeria’s benchmark interest rates making fixed income securities attractive, the equities market maintained upward trajectory, rising by N15.25 trillion in value in the first five months of 2024. This…
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President Bola Tinubu has directed Minister of Finance, Wale Edun, to present a template for a new minimum wage. Minister of Information and National Orientation, Mohammed Idris, said this in Abuja on Tuesday after a Federal…
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A signed document between the Federal Government and Organized Labour has sparked widespread criticism and outrage among Nigerians. The document, shared on social media, reveals that the President has committed to paying a national…
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