Economic News

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...

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...

The federal government is strategizing to expand the tax base by including more eligible individuals and entities. This will boost revenue and fulfil its obligations to citizens. It aims to...

Nigeria's digital services have continued to thrive despite economic challenges, including reduced purchasing power, double-digit inflation, and high petrol prices. The information and communication sector saw a 101.80% increase in...

Dangote Refinery is set to receive 12 million barrels of crude oil from the federal government next month, addressing a significant portion of the country's fuel needs. Aliko Dangote, CEO...

Dangote Group President Aliko Dangote is urging the federal government to immediately end fuel subsidies. In a Bloomberg Television interview, Dangote argued that removing subsidies will reveal Nigeria's true petrol...