Browsing Tag
Economy
524 posts
Escalating Economic Distress Fuels Surge in Nigerian Emigration
A surge in Nigerians fleeing to neighboring African nations is being driven by severe economic hardship and widespread insecurity, according to government reports and experts.
June Market Downturn: Investors Shed N13.3 Trillion Amid Profit-Taking
Investors on the Nigerian Exchange lost N13.3 trillion in June as profit-taking dominated, while FTSE Russell delayed Nigeria’s Frontier Market status due to settlement cycle concerns.
Wednesday Morning Brief: Top 10 Nigerian News Stories
This morning's summary covers the APC's candidate list reshuffle, President Tinubu's praise for Nyesom Wike, ongoing evacuations from South Africa, and various security and political updates across Nigeria.
Nigerian Government Offers Incentives to Boost Local Smartphone Manufacturing
The Nigerian government is offering tax waivers and special incentives to phone manufacturers who commit to building production plants in Nigeria by November to improve device affordability.
A New Exodus: Are Nigerians Turning Their Backs on Their Homeland?
A shifting trend of migration sees Nigerians increasingly looking abroad, including to Egypt, for better prospects, highlighting a growing crisis of confidence in the nation's capacity to provide a stable future.
Why Gen Z is preparing for a future without state pensions
A significant portion of Gen Z doubts the future of the state pension, leading many to reassess their saving habits, career paths, and retirement expectations in an increasingly uncertain financial landscape.
June 30, 2026: Nigerian Naira Experiences Initial Gains Against the Dollar
The Nigerian Naira recorded a minor gain against the dollar in the official market on June 30, 2026, marking its first appreciation in nearly a week.
Shetland Islands Council Expected to Approve £1.5bn Subsea Tunnel Network
Shetland Islands Council is moving forward with a £1.5bn proposal to build subsea tunnels connecting its islands, aiming to replace outdated, costly ferry services and boost local economic development.
President Trump Demands Immediate Gasoline Price Reductions for American Consumers
President Donald Trump has pressured gasoline retailers to cut prices immediately, citing the decline in crude oil costs and threatening consequences for price gouging.
Shettima Stresses Importance of Private Sector Engagement for Economic Success
Vice President Kashim Shettima asserts that the government must actively engage with employers, pledging to reduce bureaucratic bottlenecks and simplify tax processes to foster economic growth.