Browsing Tag
Economy
288 posts
June 30, 2026: Nigerian Naira Experiences Initial Gains Against the Dollar
The Nigerian Naira recorded a minor gain against the dollar in the official market on June 30, 2026, marking its first appreciation in nearly a week.
Shetland Islands Council Expected to Approve £1.5bn Subsea Tunnel Network
Shetland Islands Council is moving forward with a £1.5bn proposal to build subsea tunnels connecting its islands, aiming to replace outdated, costly ferry services and boost local economic development.
President Trump Demands Immediate Gasoline Price Reductions for American Consumers
President Donald Trump has pressured gasoline retailers to cut prices immediately, citing the decline in crude oil costs and threatening consequences for price gouging.
Shettima Stresses Importance of Private Sector Engagement for Economic Success
Vice President Kashim Shettima asserts that the government must actively engage with employers, pledging to reduce bureaucratic bottlenecks and simplify tax processes to foster economic growth.
Domestic Flight Costs Jump Over 20 Percent in May
New data from the National Bureau of Statistics shows that domestic airfares increased by 20.8 percent in May 2026, alongside sharp price hikes across bus, motorcycle, and water transport sectors.
Nigeria Morning Briefing: Top 10 News Headlines for Tuesday
This morning's summary covers the NYSC overhaul, successful hostage rescues, fuel pricing directives, and an industrial action threat from ASUU.
Nigerian Government Pressures Marketers to Lower Petrol Prices Amid Global Market Shifts
The Nigerian government has directed regulators to prevent price exploitation by fuel marketers, as domestic pump prices remain high despite a significant decline in global crude oil costs.
New Asylum Regulations Require Refugees to Repay 10,000 Pounds in Housing Costs
New government proposals mandate that refugees repay 10,000 pounds toward their housing and support costs once they secure employment, a move intended to balance humanitarian aid with fiscal responsibility.
Federal Government Consults With Petroleum Marketers To Address Fuel Pricing Concerns
The Federal Government is engaging with regulators and fuel marketers to ensure fair, transparent pricing that protects consumers while maintaining business sustainability.
Federal Government Authorizes ₦286 Billion for Maritime Safety and Infrastructure
The Federal Government has approved ₦286 billion for four maritime projects, including dredging the Escravos Channel and acquiring specialized vessels for pollution control, pilotage, and firefighting.