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Economy
334 posts
SEREC Cautions That New 12.5% U.S. Tariff Threatens Nigerian Exports
The Sea Empowerment & Research Center warns that a new 12.5% U.S. tariff on Nigerian goods could harm non-oil exports, reduce foreign exchange earnings, and threaten the local economy.
Nigeria’s Oil Export Revenue Drops to $31.54 Billion in 2025
A new CBN report shows that Nigeria's crude oil export earnings dropped by over 14 percent in 2025 due to global market supply issues, with Europe remaining the largest buyer.
Rising Burger Costs Fail to Boost Farmer Profits
While consumers face 'burgerflation' and rising prices for summer food staples, farmers and small-scale food producers report that these increased costs are not translating into higher profits for them.
Okonjo-Iweala Urges Nigeria and Africa to Process Minerals Locally Before Export
WTO DG Ngozi Okonjo-Iweala and CBN Governor Olayemi Cardoso advocate for local mineral processing, internal trade integration, and economic reform to secure Africa’s place in the global green energy market.
Nigeria Customs Rolls Out New Fiscal Policy and Tariff Changes
Nigeria Customs has activated the 2026 Fiscal Policy Measures and Tariff Amendments as authorized by President Tinubu to bolster local industry and trade efficiency.
National Assembly Praises SEC for Financial Discipline and Revenue Gains
The National Assembly has commended the Securities and Exchange Commission for its improved revenue generation and prudent financial management, challenging the agency to surpass its 2026 growth targets.
Nigeria’s Millionaire Count Drops by 47% Yet Remains Fourth in Africa
Nigeria has seen its millionaire population drop by 47% over the last ten years, yet it remains Africa's fourth-largest market for high-net-worth individuals.
Why Today’s Young Adults Face Harder Economic Realities Than Previous Generations
A detailed analysis shows that young adults in the UK are struggling with housing affordability, stagnant wages, and lower employment rates compared to their predecessors.
Fixing Nigeria’s Job Crisis: Moving Beyond Training Toward Structural Employment Systems
Nigeria suffers from a systemic employment deficit rather than a lack of training programs. To combat unemployment, the nation must shift its focus from producing graduates to building integrated ecosystems that connect talent with economic opportunity.
Federal Government Pursues Revival of Ajaokuta Steel and Textile Facilities
Minister of State for Industry, Senator John Enoh, confirmed that the federal government is negotiating with investors to reactivate defunct textile factories and the Ajaokuta Steel Company to drive economic growth toward a one-trillion-dollar goal.