Sunday, January 26, 2025
Economic News
Nigerian Fears Over N70,000 Minimum Wage — NECA
The Nigeria Employers' Consultative Association (NECA) has raised worry over rising living costs, stating that "the minimum wage of N70,000 has actually been eroded by the current realities." Adewale-Smatt Oyerinde,...
Read moreDetailsTop 10 Richest African Countries Based on Natural Resources
Africa is one of the richest continents in terms of unrealised economic potential because of its abundance of natural resources in some African countries. The top ten African nations with...
Read moreDetailsTinubu’s tax reform will destroy North — Gov Zulum
Governor Babagana Umara Zulum of Borno State has rejected the tax reform bills backed by President Bola Tinubu's administration, claiming they will devastate the north. The laws, which attempt to...
Read moreDetailsI’m excited by economic growth says Tinubu
President Bola Tinubu has expressed excitement over the latest report from the National Bureau of Statistics (NBS) that the nation's economy grew in the third quarter more than last quarter...
Read moreDetailsInvestment focus in livestock sector will end herder-farmer clashes, eradicate hunger – Tinubu
President Bola Tinubu assured on Thursday that his administration's renewed focus on driving international and local investments into the livestock sector of the agricultural value chain will end the recurring...
Read moreDetailsNNPCL’s importation of fuel killing Nigeria economy
A group called as the Stand-Up South South Security Group (SSSSG) has accused Nigerian National Petroleum Company Limited (NNPCL) and oil cartels of destroying the country's economy through the import...
Read moreDetailsLet’s build Ondo State together, Aiyedatiwa to opposition parties
Governor Lucky Aiyedatiwa of Ondo State has asked opposition parties to help him in developing the state. Aiyedatiwa made the call after the Independent National Electoral Commission (INEC) certified him...
Read moreDetailsTinubu congratulates Aiyedatiwa on election victory
President Bola Tinubu congratulated Governor Lucky Aiyedatiwa of the All Progressives Congress (APC) on his re-election in the Ondo State governorship election on Saturday. The President also praised the process's...
Read moreDetailsLow Income and Inflation Drive 14 Million Nigerians into Poverty – World Bank Report
The World Bank has reported that, amid rising inflation, low labour income has driven approximately 14 million Nigerians into poverty in 2024. According to its latest "Macro Poverty Outlook: Country-by-Country...
Read moreDetailsNigeria’s Inflation Rate Climbs to 32.70% in September 2024 – NBS Reports
The National Bureau of Statistics’ latest CPI report shows that Nigeria’s inflation rate climbed to 32.70% in September 2024, after moderate decreases over the prior two months, July and August....
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