Browsing Tag
Economy
524 posts
Nigerian Naira Strengthens Against Dollar Following CBN Rate Decision on July 21, 2026
The Naira gained value in the official market on July 21, 2026, while the CBN opted to keep the interest rate unchanged at 26.50 percent.
British High Commissioner Endorses President Tinubu’s Economic Policy Shifts
Outgoing British High Commissioner Richard Montgomery has voiced support for President Tinubu's economic reforms, asserting they are vital for long-term growth despite current challenges.
Prime Minister Andy Burnham prioritizes living costs in inaugural cabinet meeting
Andy Burnham has launched his premiership by tasking his cabinet with tackling the cost of living, while sparking a row over the funding of a major VAT cut on energy bills.
US Prepares Fresh Tariffs as Trump’s Global Levy Nears Expiration
The Trump administration is set to introduce new tariffs on 60 trading partners over forced labor concerns as an existing 10-percent global levy reaches its expiration date.
The Economic Role of Football in Empowering Nigerian Youth
Football acts as a critical driver for Nigeria's youth economy, providing diverse employment opportunities in logistics, media, and digital services while creating structured paths for professional development.
Central Bank of Nigeria keeps interest rate at 26.50 percent
For the second straight meeting, the Central Bank of Nigeria has held the Monetary Policy Rate at 26.50 percent to help stabilize the economy and manage inflation.
Unpredictable Weather and Economic Pressures Hamper Agriculture in Yobe
Erratic rainfall and lingering economic losses from last year's poor market prices have brought farming operations in Yobe State to a standstill.
Fuel Costs Climb as Abuja Filling Stations Shut Down Amid Pricing Turmoil
Abuja experiences fuel shortages and price hikes as marketers struggle with dollar-denominated product sales and unresolved crude supply disputes following the Dangote Refinery's policy shift.
A Year of Economic Progress: How President Tinubu’s Tax Reforms Are Shaping Nigeria
One year after President Tinubu signed major tax reforms into law, Nigeria is seeing record-breaking revenue growth and a reduced reliance on volatile oil income.
Nigerian Government Rejects Allegations of Excessive Borrowing
Finance Minister Taiwo Oyedele clarifies that the reported N80tn debt surge under President Tinubu's administration is largely attributed to accounting adjustments and currency depreciation rather than new loans.