Browsing Tag
Economy
288 posts
Nigerian Naira Declines Against Dollar in Both Official and Parallel Markets
The Naira weakened against the dollar in both official and parallel markets yesterday, leading to a wider gap between the two rates as trading volume fell.
Boosting Nigeria’s Oil Output: Urgent Improvements Needed
Nigeria's recent oil production recovery is a necessary step rather than a total success, as significant structural challenges and industrial-scale theft continue to hinder the sector's potential.
Andy Burnham Pledges Serious Approach to Defence Funding if Elected PM
Andy Burnham insists he will prioritize funding the UK's defence investment plan while maintaining fiscal discipline and honoring Labour's tax promises.
President Tinubu Claims Economic Reforms Eliminated State Salary Debt
President Tinubu stated that current economic reforms have bolstered state revenues, ending the cycle of borrowing for salary payments while launching new infrastructure projects.
Nigeria Targets $1 Trillion Economy Through Enhanced Private Investment and Development Funding
Nigerian officials are calling for increased private capital and development financing to reach a $1 trillion economy, moving beyond reliance on annual national budgets.
Nigeria Reduces Vehicle Import Duties and Launches Environmental Surcharge
Nigeria has lowered import levies for new and used vehicles under its 2026 fiscal policy, though the introduction of a new Green Tax leaves dealers uncertain about the net impact on consumer prices.
Analyst Highlights Regulatory Risks Following CBN License Withdrawal for 46 Microfinance Banks
The CBN has revoked the licenses of 46 microfinance banks for failing to meet regulatory standards, a move experts warn could lead to financial instability for local small business owners.
APFFLON Urges Minister Tegbe to Resolve Power Sector Failures Impacting Nigerian Economy
APFFLON has challenged Minister of Power Joseph Tegbe to address Nigeria's ongoing electricity crisis, citing it as a major barrier to investment, job creation, and industrial growth.
Top 10 Headlines from Nigerian Newspapers for Thursday Morning
This morning's summary covers the dismissal of bribery allegations against Femi Gbajabiamila, recent military anti-oil theft operations, and tragic security incidents in Benue and Katsina states.
Harry Kane Leads England Comeback Amidst UK Political and Financial Scrutiny
Harry Kane saves England in a tense football match as national headlines focus on a ballooning defense budget deficit, political power struggles, and concerns over the release of high-profile criminals.