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Economy
180 posts
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.
International Oil Prices Jump by Over Four Percent
Global crude oil prices rose by over 4 percent due to Middle East tensions, causing local fuel price adjustments in Nigeria.
President Tinubu Issues Directive to Oversee Cryptocurrency and Virtual Assets
President Bola Tinubu has implemented a new executive order to coordinate the regulation of virtual assets in Nigeria, led by the CBN, SEC, and NRS to combat fraud and improve oversight.
Experts Call for Reliable Power to Boost National Economic Development
Government officials and stakeholders gathered in Abuja to discuss shifting the focus of electrification toward sustainable economic productivity.
Finance Minister Oyedele Announces New Metrics to Gauge Reform Impact on Nigerian Households
Minister Taiwo Oyedele states that the government will track poverty, income, and inequality metrics to demonstrate the real-world impact of economic reforms on Nigerian families.
Nigeria’s external reserves reach $52 billion as net reserves surpass $40 billion
Central Bank Governor Olayemi Cardoso reports that Nigeria's external reserves have hit $52 billion, with net reserves exceeding $40 billion, driven by successful policy reforms.
Petrol Importers Raise Depot Prices to N1,350 Per Litre
Petrol importers are raising depot prices to N1,350 per litre starting July 17, citing increased import costs and global shipping disruptions.
Former NAPIMS Head Dismisses Claims of N210 Trillion Missing from NNPC
Bala Wunti, former head of NAPIMS, testified before the Senate that the rumored disappearance of N210 trillion from NNPC accounts is due to a misinterpretation of standard financial accounting practices.