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Economy
334 posts
Nigeria records two months of economic growth despite industrial sector slowdown
Nigeria's economic activity grew for a second month in July 2026, driven by gains in agriculture and services, despite a slight contraction in the industrial sector.
NRS Report Links Nigerian Economic Rebound to Tinubu Administration Reforms
The Nigeria Revenue Service reports that recent government reforms have stabilized the national economy, resulting in higher oil production, increased tax revenue, and a lower debt-to-GDP ratio.
Nigeria Labour Congress urges radical restructuring of energy sector
The NLC has criticized Nigeria's power sector privatization, demanding a transition to a citizen-centered energy policy that focuses on development rather than profit from scarcity.
Federal Mortgage Bank Introduces N100 Million Diaspora Loans to Encourage Home Ownership
The Federal Mortgage Bank of Nigeria has launched a loan program allowing Nigerians abroad to borrow up to N100 million at a 9% interest rate to buy homes back home.
Taraba State disputes N1.2 trillion debt report as inaccurate
The Taraba State government has dismissed reports of a N1.2 trillion debt burden, clarifying that authorized credit lines and proposed financing should not be conflated with the state's actual current liabilities.
Minister Musa praises modernization of Alaba International Market
Defence Minister Gen. Christopher Gwabin Musa (retd.) celebrated the transformation of Alaba International Market, highlighting its impact on economic growth, innovation, and national development during a special event in Lagos.
PTDF Launches New Training Plan to Help Nigeria Reach $1 Trillion GDP Goal
The PTDF has introduced a human capital development strategy focusing on specialized education and technical skills to support the Nigerian government's goal of a $1 trillion economy by 2030.
US Job Market Stumbles in July with Unexpected Losses
The US economy lost 23,000 jobs in July, falling far short of expectations and signaling mounting caution among employers regarding new hires.
RMAFC Reports N1.16 Trillion Fuel Subsidy Expenditure for 2021
RMAFC Chairman Mohammed Shehu informed the Senate that Nigeria spent N1.16 trillion on fuel subsidies in 2021 while highlighting concerns over revenue calculation practices and official absences at hearings.
President Tinubu Praises Economic Team and NGX for Market Recovery
President Bola Tinubu commended his economic team and the Nigerian Exchange Group for the significant growth of the capital market and their efforts to stabilize the nation's financial landscape.