Friday, September 18, 2026
Economic News
Report: China Contributes 30% to Global Manufacturing Value in 2023
China contributed approximately 30 percent of the world's manufacturing value in 2023, solidifying its role as a global leader in the industry, according to a recent report by China Briefing,...
Read moreDetailsOver 30 Million Nigerians Financially Excluded – NESG
The Nigerian Economic Summit Group (NESG) has raised concerns about the country's financial inclusion efforts, revealing that over 30 million Nigerians remain financially excluded. This was highlighted during a webinar...
Read moreDetailsNigerian’s Inflation Rate Drops to 33.4% in July
Nigeria's inflation rate eased to 33.4% in July, a decrease of 0.79 percentage points from June's 28-year high of 34.19%, according to the National Bureau of Statistics (NBS). The Consumer...
Read moreDetailsTinubu: CNG-Powered Transportation to Boost Economy
The Federal Government's initiative to introduce Compressed Natural Gas (CNG)-powered vehicles for public transportation gained significant momentum yesterday with the arrival of 90 high-capacity buses. President Bola Ahmed Tinubu emphasized...
Read moreDetailsSERAP Gives Tinubu 7 Days to Probe Misuse of $1.5 Billion World Bank and $3 Billion Chinese Loans
The Socio-Economic Rights and Accountability Project (SERAP) has given President Bola Tinubu a seven-day ultimatum to instruct the Attorney General of the Federation, Lateef Fagbemi, SAN, and relevant anti-corruption agencies...
Read moreDetailsNigeria’s Inflation Risks Rising as Money Supply Reaches ₦101.34 Trillion
Nigeria faces potential inflationary pressures as the country's money supply (M3), which represents the total money within the economy, surged to an unprecedented ₦101.34 trillion in June 2024. Recent data...
Read moreDetailsOver 1 Million Households Benefit from Government Cash Transfer Scheme – Wale Edun
Finance Minister, Wale Edun, announced that since the relaunch of the federal government's cash transfer program, nearly one million households have received benefits. Entrepreneurng learnt that this information was shared...
Read moreDetailsNigeria’s Currency in Circulation Surpasses ₦4 Trillion in June 2024 for the First Time
Recent data from the Central Bank of Nigeria (CBN) reveals that the currency in circulation (CIC) reached a historic high of ₦4.05 trillion in June 2024, marking a 56% increase...
Read moreDetailsRising Energy Costs and Import Restrictions Drive Q2 Food Price Hike – Report
SB Morgen (SBM) Intelligence, a geopolitical research firm, has highlighted persistent challenges to food security in West Africa, including conflicts in food-producing regions, climate change, and pest infestations. In its...
Read moreDetailsNBS Report Reveals Over 300% Increase in Key Food Prices: Tomatoes, Beans, and Garri Hit Record Highs
According to the latest report from the National Bureau of Statistics (NBS), there has been a significant shift in food prices. Tomatoes, beans, and garri have seen dramatic increases exceeding...
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