Browsing Tag
Economy
274 posts
World Bank Report Indicates 79 Percent of Nigerians Struggle with Poverty Under Tinubu’s Reforms
A World Bank report finds that 79 percent of Nigerians remain impoverished or vulnerable despite recent economic reforms aimed at stabilizing the nation.
Nigerian factories sacrifice margins to move N2 trillion in stock
Facing stagnant demand and high operating costs, Nigerian manufacturers are selling goods below production costs to clear N2 trillion in excess inventory.
Naira Exchange Performance Against Dollar: July 16, 2026
The naira held steady at ₦1,384 per dollar in the official market on July 16, 2026, while the parallel market saw rates fluctuate between ₦1,408 and ₦1,420.
Food Prices Climb Despite Overall Inflation Slowdown
Although headline inflation saw a marginal decline in June 2026, the cost of food items continued to climb across various regions, driven by higher prices for essential produce and grains.
Top Headlines from Nigeria: Thursday Morning News Roundup
This morning's summary covers the forfeiture of assets linked to Abubakar Malami, aviation suspensions, inflation trends, a fatal gas explosion in Kogi, and ongoing security operations across Nigeria.
Transparency Issues and the Tinubu Administration
This analysis explores the systemic financial irregularities under President Tinubu, arguing that despite the existence of regulatory laws, the ruling class uses democratic mechanisms to shield institutionalized looting of the national treasury.
Vice President Shettima Initiates Niger Delta Agricultural Fund
Vice President Kashim Shettima has launched a new investment fund and council to boost agricultural development in the Niger Delta, aligning the region with President Tinubu's economic goals.
June 2026 Federation Account Revenue: Federal, State, and Local Governments Split N2.550 Trillion
Nigeria's three tiers of government shared N2.550 trillion in June 2026 revenue, with the federal, state, and local councils receiving specific allocations based on statutory and VAT earnings.
President Tinubu Highlights Nigeria’s Economic Progress to Deloitte Delegation
President Bola Tinubu met with Deloitte Africa executives to discuss how ongoing fiscal reforms are stabilizing the Nigerian economy and to explore further collaboration on youth training and development.
International Crude Oil Markets Experience Downturn
Global oil benchmarks fell nearly one percent on Wednesday amid Middle East tensions, while Nigerian domestic fuel prices remained stable despite recent shifts in refining and distribution.