Browsing Tag
Economy
524 posts
Why temporary political empowerment grants often fail
Politically-motivated cash grants are frequently criticized as short-term campaign tools rather than effective economic empowerment, as seen in the recent controversy surrounding the First Lady's small business stipends.
Naira Exchange Rates: July 13, 2026 Update
On July 13, 2026, the naira traded at ₦1,382.33 in the official market while maintaining a higher rate in the parallel market due to persistent demand.
Nigeria records 2.3 percent growth in daily oil output reaching 1.74mbpd
Nigeria has reached a production milestone by exceeding its OPEC quota for two months running, with daily crude and condensate output climbing to 1.74 million barrels in June.
ADC Criticizes Tinubu Administration for Widespread Failures
The ADC has accused the Tinubu administration of failing in key governance areas and expressed disapproval over the government's stance on Nigerians living abroad.
Automotive traders offer varied feedback on recent import duty cuts
Nigerian car dealers report mixed views on government import duty reductions, citing the potential for lower prices alongside concerns regarding currency exchange rates and existing stock inventory.
Kogi State Prohibits Highway Revenue and Haulage Charges
The Kogi State Internal Revenue Service has banned all forms of roadside tax and haulage fee collection to align with new national tax laws and improve the local business environment.
Analyst Praises Governor Makinde for Economic Progress and Governance in Oyo State
Olufemi Aduwo, an international governance expert, assesses Governor Seyi Makinde’s seven-year tenure in Oyo State, highlighting improvements in infrastructure, agricultural commercialisation, and healthcare as key drivers of the state's recent economic growth.
Escalating graduation costs burden Nigerian families
Nigerian parents are expressing concern over the rising financial burden of school graduation ceremonies, arguing that the focus has shifted from academic achievement to costly and competitive displays of wealth.
Nigeria Petrol Prices Drop Following Crude Oil Market Trends
Fuel prices in Nigeria are witnessing a sustained decline as global crude oil rates ease, with retail costs in Abuja dropping significantly over the past three weeks.
Reeves advises incoming PM Burnham to prepare a detailed governing strategy
Chancellor Rachel Reeves has advised incoming Prime Minister Andy Burnham to establish a clear, actionable plan before taking office, as she reflects on the economic challenges and personal difficulties of her two-year tenure.