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Economy
334 posts
Nigerian onion suppliers call on Ghana to release detained shipments
The Regional Observatory of Onion in West and Central Africa has urged the Ghanaian government to intervene after five trucks carrying Nigerian onions were blocked from unloading at Kotoku Market.
US Implements Fresh Tariffs Against 60 Nations
The Trump administration is launching new tariffs on 60 countries to address forced labor concerns, utilizing a legal framework intended to better withstand court challenges.
Global oil prices reach $100 per barrel amidst Middle East tensions
Oil prices have climbed to $100 per barrel for the first time since May as renewed conflict in the Middle East sparks supply concerns and fuels inflation fears.
Private sector lending reaches N83 trillion amid rising money supply
Central Bank of Nigeria data indicates private sector credit grew to N83.3 trillion in June 2026, while broad money supply increased to N133.2 trillion amid a decline in cash held outside the banking system.
The Economic Ripple Effects of President Tinubu’s Health Sector Overhaul
Beyond improving medical care, President Tinubu's health sector reforms are building a productive economy through increased manufacturing, skilled job creation, and substantial long-term investment.
Nigeria Foreign Exchange Reserves Reach $52.73 Billion, Says CBN Governor
Central Bank Governor Olayemi Cardoso announced that Nigeria's external reserves have grown to $52.73 billion, while also reporting success in the recent banking recapitalization exercise.
CBN Governor Olayemi Cardoso Affirms Economic Stability Amid Global Headwinds
CBN Governor Olayemi Cardoso defends Nigeria's economic resilience during a Senate hearing, while Finance Minister Taiwo Oyedele addresses controversy surrounding national debt figures.
Federal Government Unveils N500 Billion Credit Initiative for Young Entrepreneurs
The Federal Government has launched the YouthCred program, offering collateral-free loans up to N2 million to 500,000 young entrepreneurs based on their financial responsibility rather than traditional security requirements.
Nigeria Sets Regulatory Benchmark as Africa Battles $17.8 Billion Illegal Gambling Market
A report by Gaming Compliance International reveals Nigeria leads Africa in gambling regulation, despite a massive $17.8 billion illegal betting market.
NNPCL Raises Petrol Costs Again Within 48 Hours
The NNPCL has hiked its petrol prices for the second time in two days, moving the rate to N1,335 per litre amid ongoing volatility in the oil market.