Browsing Tag
Economy
524 posts
Report: Drug smuggling at Nigerian ports endangers national trade and economy
A report from the Sea Empowerment & Research Center warns that drug trafficking at Nigerian seaports is undermining the country's economic stability and international trade reputation, calling for intelligence-led security reforms.
Naira Exchange Rates Against the Dollar for July 21, 2026
The Nigerian naira held steady against the US dollar on July 21, 2026, as the market awaited updates from the Central Bank of Nigeria regarding monetary policy and liquidity.
Unreliable Import Regulations Hinder Nigeria’s Fisheries Sector
A fisheries expert warns that Nigeria's contradictory fish import policies are stifling local aquaculture, causing job losses and draining foreign exchange reserves.
Daily Nigerian News Roundup: Tuesday Updates
Key headlines from Nigeria today, including new federal appointments, legal developments in terrorism cases, legislative moves on state police, and a tragic boat accident in Jigawa.
UK Media Coverage: The Dawn of the Burnham Premiership and the Passing of Kevin Keegan
UK media coverage focuses on Andy Burnham's first day as Prime Minister, his new cabinet appointments, and his economic pledges, while The Sun pays tribute to the late football icon Kevin Keegan.
President Trump enacts 50% import tariffs on Canadian goods
President Donald Trump has announced a 50% tariff on various Canadian imports to address alleged trade imbalances, marking a sharp rise in regional economic tensions.
Federal Government Disputes Claims of Excessive Debt Accumulation
Minister of Finance Taiwo Oyedele clarifies that Nigeria's public debt figures are being misinterpreted, attributing the reported increase to currency revaluation and the formalization of inherited debt rather than new borrowing.
Taiwo Oyedele clarifies causes behind Nigeria’s ballooning public debt
Finance Minister Taiwo Oyedele argues that Nigeria's rising debt figures stem from naira depreciation and accounting adjustments rather than excessive new borrowing by the Tinubu administration.
South African economy suffering after xenophobic attacks on migrant businesses
NICASA President Frank Onyekwelu explains that South African communities are suffering economic hardship following the closure of foreign-owned businesses targeted in recent xenophobic attacks.
Nigerian Government Rebuts Claims of Excessive ₦80 Trillion Debt Under Tinubu
Finance Minister Taiwo Oyedele clarified to the Senate that recent increases in Nigeria's debt figures are largely due to currency adjustments and the recognition of past obligations rather than new borrowing.