Browsing Tag
Economy
524 posts
RMAFC Reports N1.16 Trillion Fuel Subsidy Expenditure for 2021
RMAFC Chairman Mohammed Shehu informed the Senate that Nigeria spent N1.16 trillion on fuel subsidies in 2021 while highlighting concerns over revenue calculation practices and official absences at hearings.
Businesses anticipate a drop in loan interest rates within three months
A recent survey by the Central Bank of Nigeria reveals that businesses expect a slight decline in borrowing costs over the next three months despite current financial pressures.
Manufacturing sector optimism rises despite ongoing economic hurdles
Nigerian manufacturers report increased confidence in the second quarter of 2026, though operational challenges like high interest rates and power deficits persist.
Friday Morning Roundup: Key Highlights from Nigerian News
This morning's summary covers President Tinubu's intervention in Osun's bank freeze, the Vice President's leave, major Customs seizures at Tincan Island, and significant health sector challenges in Lagos.
UK Headlines: Tory housing proposals and pub seating controversy
Newspapers detail the Conservative Party's plan to exclude foreign nationals from social housing, alongside controversies surrounding pub standing policies and academic integrity scandals.
President Tinubu Praises Economic Team and NGX for Market Surge and Financial Stability
President Bola Tinubu highlighted the success of his economic reforms as the Nigerian Exchange Group reported a significant market rebound from N30 trillion to N160 trillion, signaling potential for a one trillion-dollar economy.
TUC Urges Federal and State Authorities to Prioritize Living Wage and Fair Employment
The Trade Union Congress has urged the government to implement a living wage and improve labor conditions to boost worker productivity and economic stability.
APC Chair Claims Tinubu’s Economic Policies Are Paving Way to $1 Trillion Goal
APC National Chairman Nentawe Yilwatda Goshwe argues that President Tinubu's economic reforms are successfully boosting GDP and infrastructure, aiming for a $1 trillion economy.
Federal Government Anticipates Increased Mining Investment Through Nigeria NOW! Expo
The Nigerian government expects the Nigeria NOW! Global Investors Expo 2026 to boost investment in solid minerals and foster long-term economic growth.
Central Bank of Nigeria asserts that reforms are securing future economic prosperity
The Central Bank of Nigeria reports that recent policy reforms are successfully stabilizing the economy and fostering long-term development through improved financial infrastructure.