Found 93 results for “Economy”
Recent weeks have seen a dramatic surge in fuel and cooking gas prices in Nigeria, exacerbating the daily struggles of citizens grappling with dwindling resources. The rising costs, driven by international tensions and high crude oil prices, are set to further strain household budgets and the national economy.
The Economic and Financial Crimes Commission (EFCC) has initiated an investigation into a suspect apprehended with counterfeit currency amounting to $212,200 in Kano. The suspect, Mr. Ibrahim, was previously detained by the NDLEA before being transferred to the EFCC for further inquiry and potential prosecution.
The Chairman of the Nigerian Exchange Group has emphasized that the recently launched Dangote IPO showcases the market's ability to support large-scale businesses. He believes this significant event will bolster investor confidence and attract further investments into the Nigerian economy.
A crude oil spill in the remote community of Ntafre in Akwa Ibom has contaminated local waterways, severely affecting fishing activities and access to safe drinking water. The National Oil Spill Detection and Response Agency (NOSDRA) has launched an investigation to identify the source of the spill.
Former First Lady Aisha Buhari recently met with ex-Vice President Atiku Abubakar in Abuja, amid escalating political activities ahead of the 2027 elections. While the details of their discussion remain undisclosed, Atiku emphasized the importance of prioritizing citizens' welfare in the current economic climate.
Former Central Bank Governor Muhammad Sanusi II emphasizes the need for the Central Bank of Nigeria (CBN) to utilize fintech data to enhance savings and insurance services, connecting the financial system with productive sectors of the economy. He argues that a holistic approach is essential to moving beyond mere transaction facilitation to fostering economic growth.
As Gastech 2026 kicks off in Bangkok with over 50,000 attendees, Nigeria aims to leverage its vast gas resources for national growth and energy security. Minister Ekperikpe Ekpo emphasizes the need for infrastructure and investment to transform gas potential into tangible economic benefits.
In a revealing interview, Acting High Commissioner Temitope Ajayi discusses the reasons behind the vulnerability of Nigerians to xenophobia in South Africa and the necessary steps governments can take to alter this troubling narrative. Ajayi emphasizes the need for better support systems to aid undocumented Nigerians and foster a more positive perception abroad.
Eight microchip designers under the Kaduna State Human Capital Development Initiative have received both specialized training and financial support from Governor Uba Sani. This initiative underscores the government's dedication to fostering innovation and technological advancement in the region.
In a decisive operation, security forces in Benue State successfully rescued seven individuals who had been kidnapped, targeting a suspected enclave of criminals. This intervention highlights ongoing efforts to combat the rising threat of kidnapping in the region.
The South East Development Commission (SEDC) is gearing up to launch its first agro-mechanisation project in Enugu, a significant step towards enhancing agricultural productivity in the region. Managing Director Mark Okoye announced the initiative during a recent community engagement in Nomeh Unateze.
The National Bureau of Statistics reports a drop in Nigeria's headline inflation rate to 15.39% in August, marking a continued easing trend. This decline is attributed to lower core inflation rates and a slowdown in food price increases.
Traders at the Lagos Trade Fair Complex have expressed their concerns over the alleged involvement of Chinese retailers in local markets, prompting calls for government intervention. This protest highlights ongoing tensions surrounding foreign participation in Nigeria's small and medium-scale enterprises.
United Bank for Africa (UBA) has opened a subscription channel for the highly anticipated Initial Public Offering (IPO) of Dangote Refinery, allowing both Nigerian and eligible international investors to partake in this significant industrial opportunity. This move positions UBA as a key facilitator in connecting investors with one of Africa's most impactful economic ventures.
The Federal Government has expressed its support for the MyCityApp's initiative aimed at launching a comprehensive 100-day tourism calendar designed to stimulate Nigeria's economy. This announcement was made during the Ember2Remember National Stakeholders' Conference held in Victoria Island, Lagos.
