Economic News

According to the National Bureau of Statistics (NBS), Nigeria witnessed a notable surge in unemployment rate during the third quarter of 2023, with a 0.8% increase from the preceding quarter....

The African Development Bank (AfDB) has voiced concern over the potential for social unrest in Nigeria and other African nations due to escalating fuel and commodity prices. The bank highlighted...

The House of Representatives’ Special Committee on Crude Oil Theft has joined forces with the Nigerian Navy to enhance the protection of pipelines and critical assets in the oil and...

The National Youth Service Corps (NYSC) has refuted claims circulating on social media alleging exorbitant food prices in orientation camps, dismissing them as unfounded and deliberately misleading. Eddy Megwa, the...

Rice millers in Gombe State have attributed the escalating price of rice to the shortage of paddy available for processing, which they attribute to hoarding by certain merchants. Paddy serves...

FLour Mills of Nigeria (FMN) has addressed the inevitable rise in prices of its products, attributing it to the adverse effects of the escalating Naira-Dollar exchange rate on its business...

Food prices, according to the latest report released by the National Bureau of Statistics (NBS), there has been a notable uptick in both headline inflation and food inflation rates in...

The Federal Government announced yesterday that it has issued a warrant for the arrest of Odoh Ocheme, a staff member of the Central Bank of Nigeria (CBN), along with two...

A Federal High Court in Lagos has directed the Federal Government to establish the prices of goods and petroleum products within seven days starting from today. Justice Ambrose Lewis-Allagoa issued...

The Minister of Environment, Balarabe Abbas Lawal, highlighted the crucial role of the National Biosafety Management Agency (NBMA) in the Federal Government's pursuit of food security. During a visit to...