Browsing Tag
Economy
524 posts
Thames Water issued £1m recruitment bonus to finance head
Struggling utility giant Thames Water issued a £1 million signing bonus to its finance chief while grappling with £20 billion in debt and the threat of temporary nationalisation.
NACCIMA Seeks Chinese Investment to Drive Nigeria’s $1 Trillion Economy Goal
NACCIMA is set to host a major business forum in Guangzhou to attract Chinese investment, aiming to support Nigeria's goal of reaching a $1 trillion economy by 2030.
Manufacturers Association of Nigeria reports ongoing struggles with redundant taxation
The Manufacturers Association of Nigeria reports that the Nigeria Tax Act 2025 has failed to stop the practice of multiple taxation on businesses.
Nigeria records 148% surge in foreign investment amid regional downturn
Nigeria saw a 148% increase in foreign direct investment in 2025, reaching $4.01 billion, driven primarily by energy sector deals despite a continental decline in investment.
CBN Data Reveals Rise in Nigerian Home Loan Borrowing
New Central Bank of Nigeria data shows Nigerians are borrowing more for home purchases, accompanied by a decline in loan default rates across various sectors.
Nigeria records two months of economic growth despite industrial sector slowdown
Nigeria's economic activity grew for a second month in July 2026, driven by gains in agriculture and services, despite a slight contraction in the industrial sector.
Public Backlash Follows NRS Chairman’s Claims About President Tinubu’s Modest Lifestyle
NRS Chairman Zacch Adedeji is under fire for claiming President Tinubu walks to his office and eats only once a day to justify the current cost of governance.
NRS Report Links Nigerian Economic Rebound to Tinubu Administration Reforms
The Nigeria Revenue Service reports that recent government reforms have stabilized the national economy, resulting in higher oil production, increased tax revenue, and a lower debt-to-GDP ratio.
Atiku criticizes Tinubu administration over fiscal waste and rising insecurity
Atiku Abubakar labels the death of over 5,000 Nigerians in three months a failure of the Tinubu administration, blaming government waste and budget padding for the security crisis.
Osita Okechukwu Argues Modern Technology Trumps Salary Hikes in Nigerian Counter-Terrorism Efforts
APC chieftain Osita Okechukwu asserts that Nigeria must prioritize technological investment over military salary hikes to effectively combat modern terrorism and insurgency.