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Economy
334 posts
Manufacturing rebound in Nigeria faces risk from surging production expenses
Nigeria's manufacturing sector shows signs of stabilization with a rise in the PMI, but experts warn that high energy costs and difficult financing could derail the recovery.
Daily Fuel Theft Hits £200,000 as UK Petrol Prices Climb Amid Middle East Conflict
Daily fuel theft at UK petrol stations has surged to nearly £200,000 as prices rise following the start of the Iran conflict.
CPPE Urges Structural Reform in Development Finance to Tackle N50 Trillion Funding Deficit
Dr. Muda Yusuf of the CPPE identifies a N50 trillion financing gap and suggests systemic reforms to support Nigeria’s productive sectors through better access to long-term capital.
Governor Buni Authorizes Building of Four New Modern Markets in Yobe
Governor Mai Mala Buni has approved the construction of four additional modern markets in Yobe State to drive economic development and enhance commercial facilities.
Global Leaders in Minimum Wage Standards for 2026
A look at the top 10 nations offering the highest statutory minimum wages in 2026, featuring leaders like Luxembourg, Australia, and Germany.
TCN admits to N1.28 billion spending on solar streetlights outside its primary duties
The Transmission Company of Nigeria confirms it spent N1.28 billion on government-mandated solar streetlight projects, noting these were assigned by the National Assembly and funded via federal budget appropriations.
Nigerian Petrol Stations Cut Prices Following Dangote Refinery Supply
MRS and other Nigerian filling stations have lowered petrol prices by up to N40 per litre following recent supply initiatives from the Dangote Refinery.
WTO Chief Highlights Global Trade Stability and African Opportunities
WTO Director-General Dr. Ngozi Okonjo-Iweala reaffirms the resilience of global trade rules and urges African nations to leverage manufacturing and digital trade opportunities.
Nigerian Government Plans to Eliminate Electricity Subsidies by 2027
Minister of Power Joseph Tegbe says the federal government will phase out power sector subsidies by 2027 to resolve mounting debt, while maintaining that electricity services and current tariffs will remain stable.
Nigeria Targets 2027 for Ending Electricity Subsidies
Minister of Power Joseph Tegbe announced that Nigeria will phase out electricity subsidies by 2027 to stabilize the sector, while confirming there are no current plans to increase consumer tariffs.