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Economy
335 posts
June 2026 Federation Account Revenue: Federal, State, and Local Governments Split N2.550 Trillion
Nigeria's three tiers of government shared N2.550 trillion in June 2026 revenue, with the federal, state, and local councils receiving specific allocations based on statutory and VAT earnings.
New Government Proposals Require Salary Disclosure in Job Postings
New government initiatives aim to mandate salary transparency in job postings across England, Wales, and Scotland to curb discrimination and help candidates make informed career choices.
President Tinubu Highlights Nigeria’s Economic Progress to Deloitte Delegation
President Bola Tinubu met with Deloitte Africa executives to discuss how ongoing fiscal reforms are stabilizing the Nigerian economy and to explore further collaboration on youth training and development.
Federal Government and NDDC Launch $500 Million Fund to Boost Niger Delta Agriculture
The Nigerian government and the NDDC have unveiled a $500 million agricultural fund aimed at diversifying the Niger Delta economy, boosting food security, and replacing the regional reliance on oil production with sustainable agribusiness.
President Tinubu Authorizes N3.6bn Funding for Tailoring Skill Development Scheme
President Tinubu has allocated N3.6 billion to the ITF Skill-Up Artisans program to train 200,000 tailors and strengthen Nigeria's local technical workforce through certification and business incubation.
China’s economic expansion slows, falling below official projections
China's GDP growth hit 4.3% in the second quarter, trailing annual targets as internal market weakness offset strong export gains in technology and vehicles.
PenCom Rejects Police Exit from Pension Scheme, Prioritizes Enhanced Benefits
PenCom Director-General Omolola Oloworaran confirms the police remain part of the Contributory Pension Scheme, pledging to negotiate improved benefits for officers while bolstering the safety and growth of pension investments.
Zamfara Governor Inaugurates $200 Million Lithium Facility Expected to Employ 2,000 People
Governor Dauda Lawal has launched a $200 million lithium plant in Zamfara, a project expected to create 2,000 jobs and boost the state's economic industrialization efforts.
Taiwo Oyedele Urges Shift from Economic Planning to Tangible Results
Finance Minister Taiwo Oyedele has launched a new advisory committee, tasking its members with ensuring that national economic reforms yield tangible, real-world benefits for Nigerian businesses and the public.
IPMAN Urges Federal Government Action as Dangote Refinery Shifts to Dollar-Based Sales
IPMAN warns that fuel prices could surge after the Dangote Refinery ended its naira-for-crude sales agreement, prompting calls for government intervention.