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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 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…

Nigerian Resident Doctors Strike Again Over Unpaid Allowances, Policy Reversal

By Elizabeth Ugbo Resident doctors under the Nigerian Association of Resident Doctors (NARD) began a nationwide strike on April 7,…

Naira to Dollar Exchange Rate in Nigeria – April 6, 2026 Market Update

By Elizabeth Ugbo The Central Bank of Nigeria (CBN) and foreign exchange traders in Nigeria recorded a stable Naira on…

Geopolitical Tensions Push Nigerian Manufacturers Into Cost Crisis

By Elizabeth Ugbo The Manufacturers Association of Nigeria (MAN) has warned on Monday that rising geopolitical tensions in the Middle…

Tinubu Approves ₦3.3 Trillion Power Sector Debt Plan to Boost Electricity Supply in Nigeria

By Elizabeth Ugbo President Bola Ahmed Tinubu has approved a ₦3.3 trillion payment plan to clear longstanding debts in Nigeria’s…