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Economy
183 posts
Senate Committee and NNPC Officials Refute Claims of ₦210 Trillion Missing from Financial Records
Bala Wunti and Senator Ibrahim Dankwambo have publicly stated that there is no proof of ₦210 trillion missing from NNPC accounts, attributing the confusion to a misinterpretation of financial data.
UK economic output edges upward during leadership transition
The UK economy grew by 0.1 percent in May, supported by the services sector, as the nation prepares for Andy Burnham to take office as prime minister.
World Bank Report Indicates 79 Percent of Nigerians Struggle with Poverty Under Tinubu’s Reforms
A World Bank report finds that 79 percent of Nigerians remain impoverished or vulnerable despite recent economic reforms aimed at stabilizing the nation.
Federal Government Introduces Labor Reform Strategy, Calls for Private Sector Cooperation
The Nigerian government has launched a new labor reform initiative, urging private sector partners to collaborate on job creation and modernizing workplace standards to drive economic growth.
Nigeria Industrial Policy 2025: Prioritizing MSMEs for National Growth
The Nigeria Industrial Policy 2025 identifies MSMEs as the core of industrial development, promising financial support, procurement advantages, and infrastructure to drive local manufacturing.
Nigerian factories sacrifice margins to move N2 trillion in stock
Facing stagnant demand and high operating costs, Nigerian manufacturers are selling goods below production costs to clear N2 trillion in excess inventory.
Food Prices Climb Despite Overall Inflation Slowdown
Although headline inflation saw a marginal decline in June 2026, the cost of food items continued to climb across various regions, driven by higher prices for essential produce and grains.
FAAC Distributes N2.6 Trillion Revenue to Federal, State, and Local Governments
The Federation Account Allocation Committee has disbursed N2.551 trillion in June 2026 revenue to the three tiers of government, driven by strong growth in statutory collections.
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.