Peionews

Nigeria Economy

Why Wale Edun Was Removed: Inside Tinubu’s Cabinet Shake-Up

By Elizabeth Ugbo President Bola Ahmed Tinubu removed Finance Minister Wale Edun in April 2026 in Abuja, Nigeria, amid rising…

Tinubu Approves ₦17bn Community Fund for Grassroots Development Across Nigeria

By Elizabeth Ugbo President Bola Ahmed Tinubu has approved a ₦17 billion Community-Based National Social Action Fund to drive grassroots…

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…

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…

Tinubu Reaffirms Commitment to Nigerians at Renewed Hope Meeting

By Elizabeth Ugbo President Bola Ahmed Tinubu met the Renewed Hope Ambassadors on Thursday in Abuja to reaffirm his commitment…

Borrowing, Ports, and Policy: Why Nigeria’s Economic Debate Needs Facts, Not Outrage

By Elizabeth Ugbo The Nigerian government, alongside critics like Suyi Ayodele, is currently engaged in a heated debate over borrowing…

Nigeria Records $6.44bn Capital Importation in Q4 2025 as Foreign Investment Rises

By Elizabeth Ugbo Nigeria recorded a total capital importation of $6.44bn in the fourth quarter of 2025, according to the…

Dangote Succession Plan: Daughters Take Charge of Africa’s Largest Empire

By Elizabeth ugbo On February 16, 2026, Dangote Industries Limited announced major executive appointments in Lagos, Nigeria. The company elevated…

Fuel Price Hike: Dangote Refinery Raises Petrol Price Amid Global Tensions

By Elizabeth Ugbo Nigeria’s Dangote Refinery has increased petrol prices, effective midnight March 21, 2026, due to rising global uncertainties,…

Tinubu Says Nigeria’s Economy Recovering as States Stop Borrowing for Salaries

By Elizabeth Ugbo President Bola Ahmed Tinubu on Monday in Abuja said Nigeria has overcome major economic challenges and state…