Economy

Uber, Bolt drivers resort to offline negotiation | We now operate on a tighter budget – salary earners, artisans | Financial experts share survival strategiesIn Nigeria, where resilience is a way of life, the economic storm is…
Read More...

Commission Chief Executive, NUPRC, Gbenga Komolafe, the Executive Chairman, Zach Adedeji and the CG Customs, BA AdeniyiA report released by the Nigerian Extractive Transparency Initiative (NEITI) has revealed that the Federal Accounts…
Read More...

The latest foreign trade data show that Nigeria recorded a trade balance of N6.52 trillion in the second quarter of this year, according to the National Bureau of Statistics (NBS). Expectedly, President Bola Tinubu seized on the figure…
Read More...

Nigeria is cuddling up to two key points to deliver gas to countries in Europe as the country advances towards export of gas under its gas export target.The first route is through Algeria, and this is a very likely route as the…
Read More...

Nigeria’s external reserves, which represent the country’s stock of foreign currency, have reached a 22-month high of $37.39 billion as of September 19, 2024.Data from the Central Bank of Nigeria (CBN) revealed that as of September…
Read More...

President Bola Tinubu has called on Nigerians to remain patient despite the high cost of living, stating that the country can no longer expect “a free bowl” without addressing its economic challenges.The President made this remark…
Read More...

The Central Bank of Nigeria (CBN) has disclosed its intention to re-introduce and enforce the payment of the controversial Cybersecurity Levy on electronic transactions by Nigerians.The CBN made this known in its Monetary, Credit,…
Read More...

The Nigeria Customs Service (NCS) has disclosed that increasing petrol smuggling is affecting the availability of the country’s foreign exchange (FX).This statement was made by Husseini Ejibunnu, Coordinator of the Operation…
Read More...

The BRICS economic bloc is quickly expanding its influence, with 34 countries expressing interest in joining its activities, according to Russian President Vladimir Putin, reflecting the bloc’s ability to provide an alternative to the…
Read More...

The Central Bank of Nigeria (CBN) has warned that the removal of fuel subsidies, rising import costs, and increased external debt servicing could negatively impact the growth of the nation's external reserves in 2024/2025. This was…
Read More...