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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.

Gulf War Echoes: Why the New Middle East Conflict Matters for Africa

By Elizabeth Ugbo Thirty-five years after Operation Desert Storm, the Middle East again sits at the center of a dangerous…

Kano–Kongolom Road Upgrade: Yusuf Hails Tinubu Over N334bn FEC Approval

By Elizabeth Ugbo Abba Yusuf has praised Bola Tinubu after the Federal Executive Council approved the review and upgrade of…

Reps Move to Recover $7bn Airline Debt from FAAN

By Elizabeth Ugbo The House of Representatives, on Tuesday in Abuja, began moves to recover over $7bn allegedly owed to…

Fuel Price Hike in Nigeria: Petrol Nears N1,000 as Global Oil Shock Deepens Inflation Fears

By Elizabeth Ugbo Rising global oil prices have triggered fresh fuel hikes across Nigeria, as depot owners, marketers and the…

Tinubu’s Petroleum Industry Executive Order Sparks Transparency Debate

By Elizabeth Ugbo President Bola Ahmed Tinubu has issued a new petroleum industry directive in 2026. The order seeks to…

Nigeria Oil Revenue and Petrol Prices: Middle East Crisis Raises Fresh Concerns

By Elizabeth Ugbo Nigeria could earn higher oil revenue as tensions rise between the United States, Israel, and Iran, but…

Oil Prices Surge as US-Israel Strikes on Iran Threaten Global Economy

By Elizabeth Ugbo Oil prices are set to surge on Monday after US and Israeli forces struck Iran, escalating tensions…

FG Unveils NEXTGEN Innovation Challenge 2026 to Drive Investment and Tech Growth

By Elizabeth Ugbo The Federal Government has unveiled the NEXTGEN Innovation Challenge 2026 in Abuja, with boot camps starting immediately…

Nigeria’s IDA Loan Exposure Rises to $18.7bn in 2025

By Elizabeth Ugbo Nigeria’s debt to the International Development Association (IDA) rose to $18.7bn as of December 31, 2025, according…