Economy

The governor assured that the new minimum wage would cut across the state and local government civil servants Mohammed Bago, the Governor of Niger State, has stated that the state’s civil servants will be paid a minimum wage of N1…
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IMF stated that the Tinubu’s government independently made the decision to do away with fuel subsidy The International Monetary Fund (IMF) has denied advising the President Bola Tinubu administration to remove fuel subsidy. The…
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The International Monetary Fund (IMF) has projected Nigeria’s economy to expand by 3.2% in the coming year 2025 while inflation is estimated to drop to 25% in the same year. The Fund in its recently published World Economic Outlook…
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In this week's Saturday Tribune column, I analyze the World Bank's callous statement on Monday that for Nigeria to achieve prosperity it must continue its ongoing economic mass murder of its weakest citizens for at least 15 years: …
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The Nigerian House of Representatives has called on the Federal Government to reverse the recent increases in the prices of petrol and cooking gas, citing the severe economic hardship being felt by citizens across the country. The…
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The World Bank has charged Nigerians to support the ongoing economic reforms, warning against opposing or reversing them. It said doing so could have serious negative consequences for the country. The World Bank Country Director…
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Increasing the price of Premium Motor Spirit (PMS), also known as petrol, may reverse the already diminishing effects of fuel subsidy removal in Nigeria, according to the World Bank. The Bretton Wood institution made this warning in…
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Nigeria’s headline inflation rate in September 2024 rose to 32.70%, up from 32.15% in August 2024, marking a 0.55% increase month-on-month. This is the first increase in three months after the country’s inflation rate…
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Nigerians may soon face a renewed inflation surge due to continuous rising petroleum prices as announced by the Nigerian National Petroleum Commission, despite the Central Bank of Nigeria’s (CBN) efforts to curb rising prices. …
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Nigeria’s external debt is projected to approach $50 billion by the end of the third quarter of 2024, as the Debt Management Office (DMO) prepares to release the latest public debt data. As of March 31, 2024, Nigeria’s total public…
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