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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 Subnational Debt Crisis Deepens as State Borrowing Rises by N392bn

By Elizabeth Ugbo Nigeria’s subnational debt crisis intensified in 2025 as state governments increased borrowing despite economic pressures. Data from…

President Assents to ₦68.32 Trillion 2026 Budget, Extends 2025 Capital Spending

By Elizabeth Ugbo President Bola Ahmed Tinubu has signed the 2026 Appropriation Bill into law in Abuja on April 1,…

Professor Pat Utomi vs. President Bola Ahmed Tinubu: A Critical Look at the Reform Debate

By Elizabeth Ugbo In Abuja, Professor Pat Utomi recently criticized President Bola Ahmed Tinubu’s economic reforms, calling them “ridiculous” and…

Nigeria Petrol Supply Hits 40.1ml/d in March 2026 as Imports Support Market Stability

By Elizabeth Ugbo Nigeria’s petrol supply rose to 40.1 million litres per day in March 2026, according to the Nigerian…

Nigeria Records 3.38 Million IDPs in 2023 as NBS Releases Demographic Bulletin

By Elizabeth Ugbo The National Bureau of Statistics (National Bureau of Statistics) released its 2023 Demographic Bulletin in Abuja, Nigeria,…

Nigeria Power Sector Faces Over N300bn Losses as Subsidy Hits N418.79bn in Q4 2025

By Elizabeth Ugbo In Q4 2025, Nigeria’s electricity sector recorded major financial strain, as the Federal Government of Nigeria absorbed…

US Fertility Rate Hits Record Low as Childcare Costs and Policy Debates Intensify

By Elizabeth Ugbo The United States recorded its lowest fertility rate in 2025, as confirmed by the Centers for Disease…

Poverty in Nigeria Hits 63% in 2025 Despite Lower Inflation – World Bank

By Elizabeth Ugbo Nigeria’s poverty rate rose to 63% in 2025, affecting about 140 million people, according to the World…

Nigeria Boosts Oil Production to 1.84 Million Barrels Per Day Amid Anti-Theft Crackdown

By Elizabeth Ugbo Nigeria’s crude oil production has risen to 1.84 million barrels per day as government efforts to curb…

FG Sets Aside N135.22bn for 2027 Election Disputes

By Elizabeth Ugbo The Federal Government of Nigeria has allocated N135.22 billion in the 2026 budget to handle election-related court…