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Economy
334 posts
Emir Sanusi Credits CBN Reforms for Economic Growth Outpacing Population
Emir Muhammadu Sanusi II claims Nigeria's economy is finally outpacing population growth due to the Central Bank's successful stabilization efforts.
ATM Transaction Values Surge by 208% to Reach N89 Trillion
Data from the Central Bank of Nigeria shows that ATM transaction values reached N89.12 trillion in 2025, a 208 percent increase driven by infrastructure growth and changing consumer preferences.
Government and Labor Unions Diverge Over Allocation of Fuel Subsidy Savings
The Nigerian Federal Government and labor unions are at odds over the use of fuel subsidy savings, with officials citing debt servicing and salary hikes while union leaders demand evidence and allege financial mismanagement.
Wamakko Calls for State of Emergency on Building Expenses
Former REDAN president Dr. Aliyu Wamakko argues that the federal government must address the surging cost of construction materials rather than implementing rent controls to solve Nigeria's housing crisis.
Bank of England maintains rates while monitoring Middle East conflict
The Bank of England has held interest rates at 3.75% but warned that further conflict in the Middle East could force an increase to combat rising energy-driven inflation.
Taiwo Oyedele outlines federal allocation of subsidy removal savings
Taiwo Oyedele confirms that savings from scrapped fuel and foreign exchange subsidies are funding national debt, the new minimum wage, and student loan programs.
Taiwo Oyedele outlines allocation of federal subsidy savings
Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, explains that savings from subsidy removals are funding debt servicing, wage increases, and student loans.
Wammako Urges President Tinubu to Address Soaring Building Material Prices
Former Real Estate Developers Association head Aliyu Wammako calls on President Tinubu to tackle the rising costs of construction materials to naturally lower skyrocketing house rents.
WTO chief confirms 72 percent of international trade remains under its oversight
WTO Director-General Dr. Ngozi Okonjo-Iweala states that 72 percent of global trade is still conducted under the organization's framework, despite ongoing geopolitical and policy challenges.
Okonjo-Iweala Reveals Role of Strategic Communication in Nigeria’s Paris Club Debt Deal
Ngozi Okonjo-Iweala highlights how effective public communication was vital to securing Nigeria's historic $30 billion Paris Club debt relief under President Olusegun Obasanjo.