Economic News

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...

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...

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...

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....

Nigeria’s food security crisis has intensified, with an additional one million people experiencing severe food insecurity in 2024 compared to last year, according to a recent World Bank report. The...

As of 2024, the global manufacturing landscape is shaped by a handful of nations that dominate various sectors of industry, contributing substantially to the world’s output. These countries have positioned...

A recent report from the Central Bank of Nigeria (CBN) has highlighted the increasing financial strain on Nigerians. According to The Punch, the report warns that more citizens may resort...

The Federal Government of Nigeria has introduced a 50% subsidy on electricity costs for public hospitals nationwide. This initiative was unveiled by the Minister of State for Health and Social...

CORBON, the Nigerian Council of Registered Builders, has stated that the expansion of the informal sector has the potential to increase Nigeria's and Africa's economic growth rates. Engr Sam Opaluwah,...

President Bola Tinubu is scheduled to visit the People's Republic of China in early September, a trip aimed at bolstering economic ties and attracting vital investments to Nigeria. This visit...