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Economy
184 posts
Dangote Refinery implements fourth fuel price cut in one month
The Dangote Refinery has cut petrol prices for the fourth time in a month, marking a cumulative reduction of N200 per litre as it seeks to stabilize local energy costs.
Chidioka pushes for Onitsha to become banking hub for South-East
Former Minister Osita Chidioka has called for South-East governors to incentivize banks to move their headquarters to Onitsha, aiming to improve regional credit access and boost local economic growth.
Nigeria Targets $1 Trillion Economy Through Enhanced Private Investment and Development Funding
Nigerian officials are calling for increased private capital and development financing to reach a $1 trillion economy, moving beyond reliance on annual national budgets.
Nigeria Reduces Vehicle Import Duties and Launches Environmental Surcharge
Nigeria has lowered import levies for new and used vehicles under its 2026 fiscal policy, though the introduction of a new Green Tax leaves dealers uncertain about the net impact on consumer prices.
APFFLON Urges Minister Tegbe to Resolve Power Sector Failures Impacting Nigerian Economy
APFFLON has challenged Minister of Power Joseph Tegbe to address Nigeria's ongoing electricity crisis, citing it as a major barrier to investment, job creation, and industrial growth.
IMF Reports N8.8 Trillion in Unaccounted Federal Government Spending
The IMF has identified N8.8 trillion in off-budget spending by the Nigerian government, noting that the exclusion of these costs obscures the country's true fiscal deficit and borrowing needs.
Nigeria lowers vehicle import charges as traders wait for Green Tax specifics
Nigeria has cut vehicle import levies under new 2026 fiscal guidelines, but industry experts remain cautious as they await clarity on a newly introduced Green Tax.
Governor Namadi Calls on Investors to Prioritize Tangible Projects in Jigawa
Governor Umar Namadi has urged investors at the J-INVEST 2026 summit to move past empty promises and commit to projects that deliver measurable economic growth and job creation for the people of Jigawa.
Finance Minister Taiwo Oyedele Claims Nigeria Has Attained Macroeconomic Stability
Minister of Finance Taiwo Oyedele asserts that Nigeria has achieved macroeconomic stability following critical reforms aimed at preventing economic collapse and enabling long-term growth.
Vice President Shettima Urges States to Prioritize Economic Independence for National Development
Vice President Kashim Shettima challenges Nigerian states to leverage their unique assets to boost economic growth, emphasizing that national success depends on local prosperity.