Browsing Tag
Economy
524 posts
Commuter Expects Significant Savings from New Bus Fare Cap
A new government initiative capping bus fares at £2 is set to provide financial relief to daily commuters, though rural residents and transport advocates argue that broader infrastructure issues remain.
Atiku Claims APC Defensive Response Over ₦12.8 Trillion Budget Vote Indicates Guilt
Atiku Abubakar has challenged the APC to provide a transparent breakdown of the ₦12.8 trillion Service-Wide Vote, arguing that the party's defensive rhetoric hides an inability to justify the massive budgetary increase.
Oyetola Credits Tinubu Government for Maritime Sector Transformation
Minister Adegboyega Oyetola states that President Tinubu’s reforms have revitalized Nigeria's maritime sector, urging the judiciary to update its expertise to support continued economic growth and investor confidence.
Asagba of Asaba Urges Governments to Address Economic Hardship to Reduce Road Accidents
The Asagba of Asaba, HRM Prof. Epiphany Azinge, has urged governments to tackle economic hardship, identifying it as a major catalyst for dangerous driving and road accidents.
CBN Governor Links Low Circulation of N100 and N200 Notes to Digital Shift
Governor Olayemi Cardoso asserts that N100 and N200 notes are still legal tender, attributing their reduced visibility to the expansion of digital payments and the effects of inflation on purchasing power.
Dubai Introduces Incentive Program for Residents Hosting Visitors
To revitalize the tourism sector, Dubai is offering residents over $800 in incentives for hosting friends and family through the end of October.
Currency Exchange Update: Dollar to Naira Rates for July 22, 2026
On July 22, 2026, the naira traded at ₦1,381.68 per dollar in the official market, while the parallel market saw rates reaching ₦1,413 per dollar.
ECOWAS Confirms 2027 Launch Date for ECO Regional Currency
ECOWAS leaders have officially committed to launching the ECO single currency by 2027 to drive regional integration, while also setting a roadmap for counterterrorism and addressing regional food and security challenges.
Nigeria risks losing significant carbon revenue due to shortage of local expertise
A climate finance expert warns that Nigeria could lose hundreds of millions of dollars in carbon credit revenue to foreign consultants unless it addresses its urgent shortage of skilled local professionals.
Why systemic issues hinder Nigeria’s potential in the global cocoa market
Structural neglect and a weak agricultural value chain have left Nigerian farmers unable to capitalize on the multi-billion dollar global coffee and cocoa market, according to industry experts.