Browsing Tag
Economy
524 posts
President Tinubu Promises Economic Prosperity and Enhanced Security to Catholic Bishops
President Bola Tinubu informed the Catholic Bishops' Conference of Nigeria that his administration has successfully stabilized the economy and is actively strengthening security infrastructure to ensure future prosperity.
Daily Newspaper Roundup: Social Care Levies and FIFA Controversies
Newspapers detail proposals for a social care tax, controversy over FIFA's commercial plans for the World Cup, and various national and international news stories.
Nollywood figure Ugo Nwokolo suggests internet fraud sustains Nigeria’s economy
Actor Ugo Nwokolo faces backlash after suggesting that internet fraud helps stabilize the Nigerian economy due to the extreme difficulty of surviving on official salaries.
Federal Government Pursues Revival of Ajaokuta Steel and Textile Facilities
Minister of State for Industry, Senator John Enoh, confirmed that the federal government is negotiating with investors to reactivate defunct textile factories and the Ajaokuta Steel Company to drive economic growth toward a one-trillion-dollar goal.
Nigeria Faces Potential Loss of African Market Share Due to Manufacturing Expenses
Kamar Bakrin of the National Sugar Development Council warns that high operational costs threaten Nigeria's industrial competitiveness within the African trade market.
Bank of Industry Prioritizes Local Funding for Nigeria’s Growth
Dr. Olasupo Olusi and other financial leaders argue that Nigeria must utilize domestic capital to fund essential sectors amid shrinking global financing options.
Federal Government borrowing and elevated interest rates fuel growth in pension fund investments
Pension fund investments in Nigerian government debt securities grew significantly in May 2026, driven by rising yields and the government's increased borrowing requirements.
Daily Nigerian Newspaper Brief: 10 Key Updates for Tuesday
This morning's summary covers major national developments, including a violent attack in Kaduna, a legislative investigation into a fake government council, and local political tensions in Rivers and Ondo states.
Naira experiences decline against dollar in parallel and official markets
The Nigerian naira weakened to N1,407 per dollar in the parallel market and N1,364 in the official market, as trading volumes dropped significantly.
Nigerian Naira Experiences Slight Decline Against US Dollar on July 27, 2026
The Nigerian naira weakened slightly against the US dollar in the official market on Monday, while black market rates remained stable at N1,410.