Economic News

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...

Dangote Group subsidiaries secured significant foreign exchange (FX) in the latest CBN Retail Dutch Auction, buying $105.33 million worth of successful bids, accounting for approximately 13% of the total $876.26...

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...

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...

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...

Telecommunications giant MTN has closed all its stores and service centers throughout Nigeria. The company made this announcement in a brief statement on X (formerly known as Twitter) on Tuesday,...

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...

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...

Nigeria’s fiscal landscape has seen notable improvements, marked by a significant drop in debt service costs coupled with a sharp rise in non-oil revenue. Finance Minister Wale Edun highlighted these...

Aliko Dangote, the Chairman of Dangote Group, has expressed his willingness to sell the $20 billion Dangote Refinery to Nigerian National Petroleum Corporation (NNPC) Limited. This revelation was made by...