Browsing Tag
Economy
268 posts
Oil prices retreat as Iran reports ongoing diplomatic channels with US
Oil prices dipped from monthly highs as Iran confirmed continued diplomatic contact with the US, though regional tensions keep market outlooks cautious.
Marketers Warn of Potential Dollar-Based Fuel Sales Amid Dangote Refinery Deal Uncertainty
Petroleum marketers warn that Nigerians might be forced to pay for fuel in US dollars if the federal government does not urgently restore the naira-for-crude supply deal with the Dangote Refinery.
Ryanair Reports Profit Decline Amid Rising Fuel Costs and Middle East Conflict
Ryanair's profits plummeted 34% as Middle East tensions inflated fuel costs and cooled passenger demand, forcing the airline to cut ticket prices.
AERE warns that falling manufacturing tax revenue indicates industrial decline
AERE Chairman Dele Oye warns that a 31 percent drop in manufacturing tax revenue reveals a struggling industrial sector, calling for urgent government and central bank policy reforms.
The misconception that Nigerian states are becoming wealthier
Despite receiving higher monthly allocations, Nigerian states are not becoming richer as inflation and rising operational costs erode their purchasing power.
JMG Advocates for Skill-Based Training to Boost Nigeria’s Economic Prospects
JMG has urged stronger cooperation between government and industry to equip Nigerian youth with essential skills for the modern economy.
Monday Morning Roundup: Top 10 Stories in Nigerian News
This morning's summary covers the new NBA president's victory, APC election preparations, national security operations, labor union wage demands, and Spain's World Cup win.
Dele Sobowale: The Myth of Wealthier States Under Current Revenue Allocations
Dele Sobowale argues that higher FAAC allocations do not equate to wealthier states, as runaway inflation and economic mismanagement by the Federal Government have eroded the purchasing power of all government tiers.
Top 10 African nations with the most extensive road networks by 2026
An overview of the ten African countries leading in total road network length as of 2026, highlighting their roles in economic and regional connectivity.
Atiku Calls for Investigation into Tinubu’s 2026 Budget Over Duplication Concerns
Atiku Abubakar has requested a formal investigation into the 2026 budget, citing over N210 billion in alleged duplications and questioning the government's transparency regarding fuel subsidy spending.