Browsing Tag
Economy
524 posts
Minister Umahi Defends First Lady Over Comments on Vocational Work
Minister of Works David Umahi defends First Lady Oluremi Tinubu's call for vocational work, citing his own parents' humble history as examples of dignity in labor.
Afreximbank Urges African Nations to Halt Raw Lithium Exports
Afreximbank’s Dr. George Elombi has urged African nations to process lithium domestically for EV battery production instead of exporting it as a raw material, pledging financial support for local manufacturers.
Nigerian public sector unions threaten industrial action over unpaid salary adjustments
Public sector unions in Nigeria are threatening government authorities with industrial action due to the failure of various states to implement the N70,000 national minimum wage and other welfare benefits.
Nigeria Seeks Enhanced Development Finance and Private Investment to Reach $1 Trillion Goal
To reach a $1 trillion economy, the Nigerian government is prioritizing private sector capital and reformed development finance to supplement national budgets.
President Tinubu jokes about First Lady’s ‘Iya Alakara’ label
President Bola Tinubu playfully nicknamed First Lady Oluremi Tinubu 'Iya Alakara' during a dinner, referencing recent public debates over her comments on small-scale trading and government empowerment initiatives.
Naira Exchange Rate Analysis: July 3, 2026
The Nigerian Naira showed steady performance against the Dollar on Friday, with rates aligning closely between official and parallel markets as liquidity stabilizes.
Nigerian Naira Declines Against Dollar in Both Official and Parallel Markets
The Naira weakened against the dollar in both official and parallel markets yesterday, leading to a wider gap between the two rates as trading volume fell.
Boosting Nigeria’s Oil Output: Urgent Improvements Needed
Nigeria's recent oil production recovery is a necessary step rather than a total success, as significant structural challenges and industrial-scale theft continue to hinder the sector's potential.
Andy Burnham Pledges Serious Approach to Defence Funding if Elected PM
Andy Burnham insists he will prioritize funding the UK's defence investment plan while maintaining fiscal discipline and honoring Labour's tax promises.
President Tinubu Claims Economic Reforms Eliminated State Salary Debt
President Tinubu stated that current economic reforms have bolstered state revenues, ending the cycle of borrowing for salary payments while launching new infrastructure projects.