Browsing Tag
Economy
280 posts
Nigerian Naira Faces Decline Across Currency Markets on July 3, 2026
The Nigerian Naira weakened in both official and black market trading on Friday, July 3, 2026, despite a rise in the nation's external reserves.
World Bank: Nigeria Faces Revenue Shortfalls Rather Than a Debt Crisis
The World Bank asserts that Nigeria's fiscal issues stem from low revenue generation rather than excessive debt, advocating for improved collection to ensure long-term economic stability.
Emir Sanusi Advocates for Entrepreneurial Growth in Nigeria
Emir Hameem Nuhu Sanusi advises Nigerians to focus on entrepreneurship over certificates, while Sokoto State University introduces new tech-focused degree programs.
Orji Kalu Links Economic Reform Challenges to Illegal Arms Influx
Senator Orji Uzor Kalu states that illegal weapons entering Nigeria from neighboring regions are hindering President Tinubu's economic reform initiatives.
President Tinubu Highlights 61 Federal Road Initiatives Across North Central Zone
President Tinubu announced that his administration is executing 61 road projects across North Central Nigeria, citing the development as the largest infrastructure program in the nation's history.
Adesina Attributes Nigeria’s Stagnation to Corruption and Ineffective Leadership
Former presidential aide Femi Adesina contends that Nigeria's vast potential remains untapped due to pervasive corruption and a history of ineffective political leadership.
Minister Umahi Defends First Lady Over Comments on Vocational Work
Minister of Works David Umahi defends First Lady Oluremi Tinubu's call for vocational work, citing his own parents' humble history as examples of dignity in labor.
Afreximbank Urges African Nations to Halt Raw Lithium Exports
Afreximbank’s Dr. George Elombi has urged African nations to process lithium domestically for EV battery production instead of exporting it as a raw material, pledging financial support for local manufacturers.
Nigerian public sector unions threaten industrial action over unpaid salary adjustments
Public sector unions in Nigeria are threatening government authorities with industrial action due to the failure of various states to implement the N70,000 national minimum wage and other welfare benefits.
Nigeria Seeks Enhanced Development Finance and Private Investment to Reach $1 Trillion Goal
To reach a $1 trillion economy, the Nigerian government is prioritizing private sector capital and reformed development finance to supplement national budgets.