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Economy

Explore updates on inflation rates, employment data, government policies, exchange rates, and business activity. Get expert insights into economic shifts and financial stability.

Dangote Group Denies Rift With Elumelu, Slams Viral Refinery Funding Claims

By Elizabeth Ugbo Dangote Group has denied claims that Aliko Dangote fell out with Tony Elumelu over refinery funding, stating…

Nigeria Workers’ Day 2026: Civil Servants Demand Living Wage Amid Rising Costs

By Elizabeth Ugbo On May 1, 2026, Nigerian civil servants across all states gathered at parade grounds to mark Workers’…

President Bola Ahmed Tinubu Nominates Joseph Tegbe as Minister of Power

By Elizabeth Ugbo President Bola Ahmed Tinubu has nominated Joseph Olasunkanmi Tegbe as Minister of Power. The nomination was announced…

Tinubu Appoints Rilwan Babalola to Lead Power Sector Reset Task Force

By Elizabeth Ugbo President Bola Ahmed Tinubu has appointed Rilwan Lanre Babalola as Special Adviser on Power and Chairman of…

Petrol Prices Surge Above N1,300/Litre in Lagos as Crude Costs Rise

By Elizabeth Ugbo Petrol prices rose sharply on Wednesday across Lagos and South-West states, as filling stations increased pump prices…

Senate Approves $516.3m Loan for Sokoto–Badagry Superhighway Project

By Elizabeth Ugbo The Senate on Wednesday approved a $516.3 million loan request for the federal government in Abuja. Lawmakers…

Tinubu Removes NMDPRA Boss, Nominates Rabiu Umar as Replacement

By Elizabeth Ugbo President Bola Tinubu has removed Saidu Mohammed as Chief Executive of the Nigerian Midstream and Downstream Petroleum…

AXA Mansard, Herconomy Launch 2026 Enterprise Challenge to Empower Nigerian Women Entrepreneurs

By Elizabeth Ugbo AXA Mansard Insurance Plc has renewed its partnership with Herconomy to host the 2026 Enterprise Challenge, aimed…

East Africa Attracts $4.1bn Investment as Kenya Leads Private Capital Drive

By Elizabeth Ugbo East Africa attracted $4.1bn in investments between 2021 and 2025, according to data released at the 22nd…

Edun’s Exit and Oyedele’s Rise: What It Means for Nigeria’s Economy

By Elizabeth Ugbo The removal of Wale Edun and the appointment of Taiwo Oyedele by President Bola Tinubu have triggered…