Browsing Tag
Economy
279 posts
Nigerian Gas Stations Close Amid Fuel Price Hike Rumors
Several Nigerian petrol stations have suspended operations as rumors circulate regarding potential fuel price hikes following global crude oil market volatility.
Nigeria Lost $1.5 Billion to Gas Flaring in 2024, Says German Envoy
German Ambassador Annett Günther reported that Nigeria flared 5.3 billion cubic metres of gas in 2024, costing the nation $1.5 billion, while outlining new initiatives to repurpose this waste for economic growth.
Presidency Claims Nigerians At Home Fare Better Than Some Migrants
Daniel Bwala, a presidential aide, argues that many Nigerians living at home are better off than those who emigrated abroad, citing the prevalence of low-skilled labor roles among highly educated migrants.
Central Bank Confirms N100 Note Status as Valid Currency
The Central Bank of Nigeria has confirmed that the standard N100 note remains valid tender following reports of businesses rejecting the currency.
IMF Warns Increasing Costs Will Worsen Poverty Levels in Nigeria
The IMF reports that rising costs for essential goods will continue to drive poverty in Nigeria, even as the nation maintains steady economic growth forecasts.
Bandit levies endanger agricultural output across northern Nigeria
Farmers in northern Nigeria are facing illegal extortion and threats from armed groups, leading to fears of severe food shortages as the planting season progresses.
Wednesday Morning Briefing: Top 10 Nigerian News Highlights
Key updates include the Presidency's rebuttal of Peter Obi's claims, the Sultan of Sokoto's call for unity against insecurity, and major legislative developments in the Senate and Lagos State.
Ekiti Business Owners Call for State Action Against Soaring Product Prices
Traders at Bisi Market in Ado-Ekiti are calling on the government to provide financial relief and support as rising transportation and living costs continue to hurt business turnover.
Russia halts diesel exports to counter domestic shortages after Ukrainian strikes
Russia has stopped diesel exports until the end of July to address severe domestic fuel shortages caused by Ukrainian drone attacks on energy refineries.
APM demands Federal Government explanation regarding ₦8.8 trillion in unbudgeted spending
The Lagos chapter of the APM is requesting a full explanation from the Federal Government regarding ₦8.8 trillion in reported off-budget spending identified by the IMF.