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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.

Fuel Price Hike: Dangote Refinery Raises Petrol Price Amid Global Tensions

By Elizabeth Ugbo Nigeria’s Dangote Refinery has increased petrol prices, effective midnight March 21, 2026, due to rising global uncertainties,…

Nigeria–UK Sign Migration, Security, and Trade Agreements During Tinubu’s Visit

By Elizabeth Ugbo Nigeria and the United Kingdom have signed three major Memoranda of Understanding (MoUs) in London. The agreements…

Power Supply to Improve Soon as Government Tackles Gas Constraints — Adelabu

By Elizabeth Ugbo The Minister of Power, Adebayo Adelabu, on Thursday in Nigeria said Nigerians will soon enjoy better electricity…

Naira-for-Crude Policy Fails to Lower Fuel Prices in Nigeria

By Elizabeth Ugbo Nigeria’s naira-for-crude policy, introduced in 2024 to boost local supply, has not reduced fuel prices in 2025,…

Nigerian Cooking Gas Consumption Drops Amid Middle-East Crisis

By Elizabeth Ugbo Lagos, Nigeria – February 2026: The nation’s cooking gas consumption fell by 20% in February 2026, according…

NAGAFF Inaugurates Trade War Committee to Tackle Port Malpractices in Nigeria

By Elizabeth Ugbo The National Association of Government Approved Freight Forwarders (NAGAFF) has inaugurated a 16-member Trade War Committee in…

Obi Cubana Backs Soludo’s Second Term, Predicts Faster Development in Anambra

By Elizabeth Ugbo Nigerian entrepreneur Obinna Iyiegbu has endorsed the second term of Charles Soludo, who was sworn in on…

EU Leaders Reject Trump’s Call to Secure Strait of Hormuz Amid Oil Crisis

By Elizabeth Ugbo European leaders on Tuesday in Brussels rejected a request by Donald Trump to deploy forces to the…

Kogi Tops Nigeria Inflation Chart as Food Prices Drive February Surge – NBS Report

By Elizabeth Ugbo Nigeria’s National Bureau of Statistics (NBS) reported that Kogi State recorded the highest inflation rates in February…

Nigeria Health Workforce Crisis Deepens as Diaspora Doctors Plan Medical Mission

By Elizabeth Ugbo Nigeria faces a worsening health workforce crisis as Health Minister Iziaq Salako warned on Monday at the…