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Economy
189 posts
Nigeria’s Net Foreign Exchange Inflow Declines by 24 Percent
The Central Bank of Nigeria reported a 24 percent monthly decline in net foreign exchange inflow, dropping to $6.92 billion in February 2026 due to reduced capital activity.
Naira Has Reached Its Appropriate Market Price, Presidency Claims
Bayo Onanuga, a presidential aide, claims that foreign exchange reforms have allowed the naira to settle at its true market value despite current fluctuations.
A Decade After the Vote: Assessing the Economic Toll of Brexit
A decade after the Brexit vote, data indicates that the UK economy has sustained lasting damage due to increased trade friction, investment stagnation, and bureaucratic hurdles for exporters.
President Tinubu promotes Nigeria’s digital-ready workforce to global investors
President Bola Tinubu has emphasized the strength of Nigeria's tech-savvy youth as he welcomed a commitment from Mastercard to help digitize millions of local small businesses.
Public Sector Workers Seek 400% Salary Hike Amid Economic Crisis
Civil servants under the JNPSNC have requested a 400 percent rise in the N70,000 minimum wage to cope with Nigeria's ongoing economic hardship.
Nigeria implements new strategy to combat predatory contracts amidst $2.3 trillion infrastructure gap
The Nigerian government is introducing a standardized Model PPP Agreement to minimize contractual disputes and secure investments as it seeks to bridge a massive $2.3 trillion infrastructure gap.
Air Peace CEO Urges President Tinubu to Address Airline Industry Crisis
Air Peace Chairman Allen Onyema is calling for urgent intervention from President Bola Tinubu to address the rising operational costs and multiple taxes threatening the survival of Nigerian airlines.
CBN Governor Cardoso Establishes Naira Ambassadors Club to Encourage Currency Preservation
Central Bank Governor Olayemi Cardoso has introduced the Naira Ambassadors Club for FCT students to encourage the proper care of Nigeria's currency and reduce replacement costs.
High Clearing Fees Drive Vehicle Smuggling, Customs Reports 870 Seizures
Industry experts attribute the rise in vehicle smuggling to excessive port duties and shipping costs, as Customs reports the seizure of 870 vehicles worth N3.88 billion.
Federal Government Urges Immediate Drop in Cement Prices
Minister of Works David Umahi has called on cement producers to lower their prices to avoid stalling critical infrastructure projects, with government talks scheduled for July.