Browsing Category
Economy
183 posts
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.
The Economic Impact of the World Cup: Who Gains and Who Loses
An examination of the financial consequences of the expanded World Cup, highlighting how Fifa and advertisers profit while fans and host cities face economic challenges.
Fuel prices climb at various Nigerian retail outlets
Several Nigerian petrol stations have raised their fuel prices by up to N50 per litre, even as other retailers maintain current rates following shifts in ex-depot costs.
President Tinubu Opens Abuja City Walk Experience Centre and Promotes Nigeria as Investment-Ready
President Tinubu has launched the Abuja City Walk Experience Centre, signaling Nigeria's openness to global investment and its commitment to modernizing urban infrastructure.
Tinubu Launches $3 Billion Social and Human Development Initiatives
President Bola Tinubu has unveiled a series of World Bank-backed social and human capital development programs worth $3 billion to tackle poverty and enhance healthcare and education across Nigeria.
Nigerian Government and UNDP Partner to Boost Sovereign Credit Rating
Nigeria has launched a collaborative effort with the UNDP to improve its sovereign credit rating, aiming to reduce borrowing costs and better align its credit profile with current economic reforms.
PETROAN Urges Immediate Reactivation of State-Owned Refineries to Stabilize Fuel Costs
PETROAN is calling for the urgent revival of government-owned refineries to combat rising fuel prices and currency instability following shifts in the downstream oil sector.
Experts and Civil Society Organizations Criticize Four Decades of SAP Privatization in Nigeria
Economists and civil society leaders gathered in Abuja to condemn the long-term impacts of the Structural Adjustment Programme, arguing that reliance on privatization has hindered Nigeria’s development.