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Economy
64 posts
Finance Minister Defends Borrowing as Strategic Growth Tool
Finance Minister Taiwo Oyedele asserts that responsible borrowing drives growth and calls for a specialized tribunal to speed up commercial dispute resolution in Nigeria.
President Trump Demands Immediate Gasoline Price Reductions for American Consumers
President Donald Trump has pressured gasoline retailers to cut prices immediately, citing the decline in crude oil costs and threatening consequences for price gouging.
Shettima Stresses Importance of Private Sector Engagement for Economic Success
Vice President Kashim Shettima asserts that the government must actively engage with employers, pledging to reduce bureaucratic bottlenecks and simplify tax processes to foster economic growth.
Customs agents urge government to halt Green Tax on vehicle imports
The Association of Nigerian Licensed Customs Agents is calling for a suspension of the upcoming Green Tax Policy, citing poor stakeholder consultation and concerns over retroactive financial burdens.
Domestic Flight Costs Jump Over 20 Percent in May
New data from the National Bureau of Statistics shows that domestic airfares increased by 20.8 percent in May 2026, alongside sharp price hikes across bus, motorcycle, and water transport sectors.
Healthy Food Daily Cost Climbs to N1,589
The National Bureau of Statistics reported a 3.12 percent rise in the daily cost of a healthy diet to N1,589 in April 2026, driven by widespread food price increases.
Nigerian Petrol Stations Prepare for Price Cuts Toward N1,000 per Litre
Fuel retailers in Nigeria are adjusting petrol prices downward, with expectations of reaching N1,000 per litre as global crude costs stabilize.
Federal Government Consults With Petroleum Marketers To Address Fuel Pricing Concerns
The Federal Government is engaging with regulators and fuel marketers to ensure fair, transparent pricing that protects consumers while maintaining business sustainability.
Five Nations in Africa Rank Among Largest Debtors to IMF
New IMF data reveals five African countries are among the ten largest borrowers globally, while Nigeria remains outside the top list despite its own escalating debt obligations.
Vice President Shettima Asserts That Government Collaboration with Employers is Essential for Economic Success
Vice President Kashim Shettima highlights the necessity of government-employer collaboration for economic growth and reaffirms the administration's pledge to simplify business operations through digitalization and reform.