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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.

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…

Tinubu Appoints Rilwan Babalola to Lead Power Sector Reset Task Force

By Elizabeth Ugbo President Bola Ahmed Tinubu has appointed Rilwan Lanre Babalola as Special Adviser on Power and Chairman of…

Petrol Prices Surge Above N1,300/Litre in Lagos as Crude Costs Rise

By Elizabeth Ugbo Petrol prices rose sharply on Wednesday across Lagos and South-West states, as filling stations increased pump prices…