Browsing Tag
Economy
524 posts
Domestic Flight Costs Jump Over 20 Percent in May
New data from the National Bureau of Statistics shows that domestic airfares increased by 20.8 percent in May 2026, alongside sharp price hikes across bus, motorcycle, and water transport sectors.
Nigeria Morning Briefing: Top 10 News Headlines for Tuesday
This morning's summary covers the NYSC overhaul, successful hostage rescues, fuel pricing directives, and an industrial action threat from ASUU.
Nigerian Government Pressures Marketers to Lower Petrol Prices Amid Global Market Shifts
The Nigerian government has directed regulators to prevent price exploitation by fuel marketers, as domestic pump prices remain high despite a significant decline in global crude oil costs.
New Asylum Regulations Require Refugees to Repay 10,000 Pounds in Housing Costs
New government proposals mandate that refugees repay 10,000 pounds toward their housing and support costs once they secure employment, a move intended to balance humanitarian aid with fiscal responsibility.
Federal Government Consults With Petroleum Marketers To Address Fuel Pricing Concerns
The Federal Government is engaging with regulators and fuel marketers to ensure fair, transparent pricing that protects consumers while maintaining business sustainability.
Federal Government Authorizes ₦286 Billion for Maritime Safety and Infrastructure
The Federal Government has approved ₦286 billion for four maritime projects, including dredging the Escravos Channel and acquiring specialized vessels for pollution control, pilotage, and firefighting.
Five Nations in Africa Rank Among Largest Debtors to IMF
New IMF data reveals five African countries are among the ten largest borrowers globally, while Nigeria remains outside the top list despite its own escalating debt obligations.
Vice President Shettima Asserts That Government Collaboration with Employers is Essential for Economic Success
Vice President Kashim Shettima highlights the necessity of government-employer collaboration for economic growth and reaffirms the administration's pledge to simplify business operations through digitalization and reform.
Federal Employees in Oyo Demonstrate Over Security Concerns and Unpaid Benefits
Federal workers in Oyo State organized a protest at the Ikolaba secretariat to demand the payment of outstanding allowances and address growing insecurity and economic hardship.
Ahmed Bala urges Nigerians to focus on productivity instead of politicizing Oluremi Tinubu’s remarks
Ahmed Bala of the RTIFN group has defended First Lady Oluremi Tinubu, urging Nigerians to view her recent remarks on small-scale entrepreneurship as a call for productivity rather than a political issue.