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Economy
177 posts
AERE warns that falling manufacturing tax revenue indicates industrial decline
AERE Chairman Dele Oye warns that a 31 percent drop in manufacturing tax revenue reveals a struggling industrial sector, calling for urgent government and central bank policy reforms.
Debate emerges over CBN ending direct funding for manufacturers
Industry experts are debating the impact of the Central Bank of Nigeria's withdrawal from direct manufacturing funding, with some calling for alternative support and others backing the move to refocus the bank's mandate.
The misconception that Nigerian states are becoming wealthier
Despite receiving higher monthly allocations, Nigerian states are not becoming richer as inflation and rising operational costs erode their purchasing power.
Experts Warn Inflation and Policy Shifts Threaten Economic Gains
Financial analysts report that while Nigeria's stock market is poised for growth in late 2026, rising inflation and inconsistent policies remain significant threats to ongoing economic reforms.
Nigeria records 31% drop in agricultural exports amid widespread cargo rejections
Nigeria's agricultural exports fell by over 31% in early 2026, driven by port delays, the use of banned pesticides, and failure to meet international food safety standards.
Victor Eburajolo: Championing Industry Against Nigeria’s Forced Decline
A profile of industrial expert Victor Eburajolo, detailing his career, his failed efforts to prevent the decline of the Nigerian textile industry, and his resistance against corruption within the Nigerian Social Insurance Trust Fund.
IPMAN reports petrol supply freeze due to price instability
IPMAN says independent marketers have paused petrol purchases and closed stations due to price uncertainty caused by the suspension of loading operations at the Dangote Refinery.
Can Nigeria Transition from Crude Oil to Agriculture-Led Exports?
Experts urge Nigeria to pivot from crude oil dependence toward a value-added agricultural economy, emphasizing the need for infrastructure, technology, and policy reforms to unlock the nation's export potential.
Government Plans N729 Billion Bond to Settle Outstanding GenCo Debts
To bolster liquidity and resolve long-standing financial hurdles in the power sector, the Nigerian government is set to issue a N729 billion bond for electricity generation companies.
MRS stations close in Abuja following latest petrol price hike
MRS filling stations in Abuja have shut down for two days due to fuel shortages as petrol prices rise following the dollarization of the downstream oil sector.