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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.

FG Unveils $500 Million Annual Research Fund to Boost Nigeria’s Knowledge Economy

By Elizabeth Ugbo The Federal Government has approved the National Research and Innovation Development Fund (NRIDF) to strengthen Nigeria’s knowledge…

Tinubu Appoints Arinola Ogbara-Banjoko to Nigeria Commodity Exchange Board

By Elizabeth Ugbo President Bola Tinubu has appointed Mrs Arinola Ogbara-Banjoko as a Non-Executive Director on the board of the…

Abdul Samad Rabiu Becomes Africa’s Second-Richest Billionaire

By Elizabeth Ugbo Rabiu Surpasses Johann Rupert in Bloomberg Ranking Abdul Samad Rabiu has emerged as Africa’s second-richest individual after…

Tegbe Promises End to Grid Collapse as Senate Confirms Him Minister of Power

By Elizabeth Ugbo Senate Confirms Tegbe Amid Power Sector Crisis The Nigerian Senate on Wednesday confirmed Olasunkanmi Tegbe as Minister…

Dangote Group Denies False Claims Linking Aliko Dangote to Tony Elumelu Rift and Financing Allegations

By Elizabeth Ugbo The Dangote Group has, in Nigeria and across Africa, on Monday, through its management, firmly denied recent…

Nigeria States External Debt Rises by $884.66m in 2025 Despite Higher FAAC Allocations

By Elizabeth Ugbo Nigeria’s 36 states and the Federal Capital Territory increased their external debt by $884.66m between December 2024…

President Tinubu Begins France, Kenya, Rwanda Tour to Boost Economic Partnerships

By Elizabeth Ugbo President Bola Ahmed Tinubu has departed Nigeria on Sunday from Nnamdi Azikiwe International Airport for France, marking…

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…