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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.

Nigeria ESG Sustainability Summit 2026 to Drive Sustainable Business and Governance Practices

By Elizabeth Ugbo Stakeholders from the public and private sectors will gather on 3 July 2026 at the Lagos Oriental…

Violent Conflict Deepens Poverty Across Northern Nigeria, New Report Reveals

By Elizabeth Ugbo A new report has revealed that violent conflict is driving more households into poverty across Northern Nigeria.…

NEC Approves N83.2bn to Tackle Flooding, Climate Emergencies Across Nigeria

By Elizabeth Ugbo The National Economic Council (NEC) has approved N83.2 billion to reduce the impact of flooding and other…

Tinubu Appoints Kunle Elebute as FRCN Board Chair to Strengthen Corporate Governance

By Elizabeth Ugbo President Bola Ahmed Tinubu has appointed Kunle Elebute as the Chairperson of the Governing Board of the…

CBN Allocates Two Additional Crude Oil Export Terminals to Swede Control Intertek

By Elizabeth Ugbo The Central Bank of Nigeria (CBN) has allocated two additional crude oil export terminals to Swede Control…

Nigeria Battles Rising Cost of Living and Insecurity as Citizens Demand Urgent Action

By Elizabeth Ugbo Nigeria is battling a severe cost-of-living crisis and worsening insecurity, leaving millions of citizens struggling to survive.…

Nigeria’s Food and Beverage Industry Faces Fresh Job Cuts as Rising Costs Squeeze Manufacturers

By Elizabeth Ugbo Nigeria’s food and beverage industry is witnessing rising job losses as manufacturers battle soaring production costs, foreign…

Senate Urges FG to Ban Textile Imports, Revive Nigeria’s Textile Industry

By Elizabeth Ugbo The Senate on Tuesday called on the Federal Government to ban the importation of foreign textile materials…

FG Approves Payment of Verified Contractor Debts Across MDAs

By Elizabeth Ugbo The Federal Ministry of Finance has approved the payment of verified outstanding obligations owed to more than…

FG Introduces New Imprest Limits, Tightens Financial Controls for MDAs in 2026

By Elizabeth Ugbo The Federal Government has introduced new imprest limits and stricter financial controls for Ministries, Departments, and Agencies…