Browsing Tag
Economy
276 posts
Trade unions urge President Tinubu to establish highway taskforce against illegal levies and checkpoints
Various trade and labor unions have asked President Tinubu to form a national taskforce to dismantle illegal highway checkpoints and combat multiple taxation affecting interstate commerce.
IPMAN Urges Federal Government Action as Dangote Refinery Shifts to Dollar-Based Sales
IPMAN warns that fuel prices could surge after the Dangote Refinery ended its naira-for-crude sales agreement, prompting calls for government intervention.
Crude prices climb following new US strikes as global stock markets gain ground
Oil prices rose further on Tuesday after US strikes against Iran intensified regional tensions, while global stock markets staged a cautious recovery.
Nigeria records economic recovery while consumer confidence remains low, CBN reports
The CBN reports that Nigeria's economy exited contraction in June due to agricultural growth, though household sentiment remains cautious as citizens prioritize essentials over major investments.
Retired Officers Argue New 100,000 Naira Salary Fails to Meet Soldiers Needs
Retired military officers argue that although the government increased soldier salaries to 100,000 Naira, the amount fails to address rising living costs and systemic issues like equipment shortages.
Nigeria Currency Update: Naira and Dollar Exchange Rates for July 14, 2026
The Nigerian naira remained stable in official markets on July 14, 2026, while the parallel market continued to trade at a premium of approximately ₦30 per dollar.
Experts demand investigation into Nigeria’s N34 trillion import waiver loss
Financial experts are calling for a formal inquiry after it was revealed that Nigeria lost N34 trillion to import duty waivers in 2025, a sum equivalent to 61 percent of the national budget.
Nigerian Lawmakers Push for Reforms to Halt Illegal Mining and Financial Crimes
Nigerian lawmakers are launching a comprehensive review of the mining sector to address rampant illegal exploitation, money laundering, and the resulting loss of national revenue.
Nigeria records highest oil production in over six years
Nigeria has reached a 74-month production high of 1.56 million barrels per day, exceeding its OPEC target through improved security and stable operations.
Peter Obi applauds fee suspension, labels basic education a public right
Peter Obi praises the federal government's decision to drop new examination fees, insisting that basic education should be treated as a right rather than a revenue stream.