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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.

President Bola Ahmed Tinubu Reshuffles Cabinet, Appoints New Finance and Housing Ministers

By Elizabeth Ugbo President Bola Ahmed Tinubu on Tuesday approved a Federal Executive Council reshuffle in Abuja, removing Wale Edun…

Kathmandu: Nepal Government Amends Financial Procedures to Speed Up Project Payments

By Elizabeth Ugbo The Government of Nepal has amended financial procedures in Kathmandu to fix delayed payments for development projects.…

Gaza Reconstruction: UN, EU Push for Palestinian-Led Recovery

By Elizabeth Ugbo The United Nations and European Union have called for Gaza’s reconstruction to be Palestinian-led. They made this…

FG Dismisses Claims of Revenue Diversion, Clarifies World Bank Report Findings

By Elizabeth Ugbo The Federal Ministry of Finance has dismissed claims of revenue diversion in Nigeria, stating on Monday in…

British Pound Holds Firm Against Naira as New Week Trading Begins

By Elizabeth Ugbo The British Pound opened trading on Monday, April 20, 2026, in Nigeria at around ₦1,817.83 in the…

Strait of Hormuz Reopens as Iran and US Signal De-escalation, Oil Prices Drop

By Elizabeth Ugbo Iran’s Foreign Minister Abbas Araghchi and United States President Donald Trump announced on Friday that the Strait…

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…