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Economy
184 posts
Nigerian petrol stations lower fuel costs again
Petrol stations in Abuja have lowered prices for the second time this week, tracking reductions initiated by the Dangote Refinery.
Candid Oil Services Appointed as Official Pre-shipment Inspector for Nigerian Oil Exports
The Central Bank of Nigeria has appointed Candid Oil Services Limited as the pre-shipment inspection agent for oil exports, designating Taurus Oil and Gas Depot as its primary terminal.
World Bank: Nigeria Faces Revenue Shortfalls Rather Than a Debt Crisis
The World Bank asserts that Nigeria's fiscal issues stem from low revenue generation rather than excessive debt, advocating for improved collection to ensure long-term economic stability.
Princess Zahrah Audu Reports High Compliance Rates Among Nigerian Government Agencies
PEBEC Director General Princess Zahrah Audu reports that 98 percent of monitored Nigerian government agencies now utilize effective response mechanisms, marking a shift in service delivery and business ease.
Empowering Nigerian SMEs: The Shift Toward Digital Growth
Dr. Folasade Femi-Lawal explores how Mastercard is supporting Nigerian SMEs through digital payment integration, financial literacy initiatives, and infrastructure improvements to fuel economic growth.
Federal Government Settles ₦39.63 Billion in Pension Debts
The Federal Government has distributed ₦39.63 billion to nearly 25,000 retirees to clear long-standing pension liabilities, marking a significant effort to support the welfare of former public servants.
Afreximbank Urges African Nations to Halt Raw Lithium Exports
Afreximbank’s Dr. George Elombi has urged African nations to process lithium domestically for EV battery production instead of exporting it as a raw material, pledging financial support for local manufacturers.
Nigeria Seeks Enhanced Development Finance and Private Investment to Reach $1 Trillion Goal
To reach a $1 trillion economy, the Nigerian government is prioritizing private sector capital and reformed development finance to supplement national budgets.
Federal Government Expands Domestic Debt Issuance by 241 Percent
The Central Bank of Nigeria plans to raise N5.8 trillion via Treasury Bills in Q3 2026, marking a 241 percent increase over the previous year.
Boosting Nigeria’s Oil Output: Urgent Improvements Needed
Nigeria's recent oil production recovery is a necessary step rather than a total success, as significant structural challenges and industrial-scale theft continue to hinder the sector's potential.