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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’s Food and Beverage Industry Faces Fresh Job Cuts as Rising Costs Squeeze Manufacturers

By Elizabeth Ugbo Nigeria’s food and beverage industry is witnessing rising job losses as manufacturers battle soaring production costs, foreign…

Senate Urges FG to Ban Textile Imports, Revive Nigeria’s Textile Industry

By Elizabeth Ugbo The Senate on Tuesday called on the Federal Government to ban the importation of foreign textile materials…

FG Approves Payment of Verified Contractor Debts Across MDAs

By Elizabeth Ugbo The Federal Ministry of Finance has approved the payment of verified outstanding obligations owed to more than…

FG Introduces New Imprest Limits, Tightens Financial Controls for MDAs in 2026

By Elizabeth Ugbo The Federal Government has introduced new imprest limits and stricter financial controls for Ministries, Departments, and Agencies…

FCC, Pi-CNG & EV Strengthen Collaboration on Fair Access to Emerging Opportunities

By Elizabeth Ugbo The Federal Character Commission (FCC) on Thursday received the Chairman and Chief Executive Officer of the Presidential…

Tinubu Celebrates Senator John Owan Enoh at 60

By Elizabeth Ugbo President Bola Tinubu, on June 4, 2026, in Nigeria, congratulated Senator John Owan Enoh, Minister of State…

VP Shettima Urges States to Maximise $750 Million SABER Programme

By Elizabeth Ugbo Vice President Kashim Shettima on Tuesday urged state governments to fast-track business reforms under the $750 million…

CBN Redeploys Four Deputy Governors in Major Management Reshuffle

By Elizabeth Ugbo The Central Bank of Nigeria (CBN) has redeployed its four Deputy Governors in a major management reshuffle…

Supreme Court Ends Legal Battle Over Providus Bank-Unity Bank Merger

By Elizabeth Ugbo The Supreme Court on Monday ended a prolonged legal dispute over the merger between Providus Bank Limited…

Nigeria Governors Propose N100,000 Minimum Wage Amid Rising Cost of Living

By Elizabeth Ugbo State governors under the Nigeria Governors’ Forum (NGF) have proposed a new national minimum wage of ₦100,000…