Found 93 results for “Economy”
Filling stations across Abuja have raised petrol prices as a direct response to a recent increase in the gantry price set by Dangote Petroleum Refinery. The adjustment marks a significant shift in fuel costs for consumers, with prices now averaging N1,350 per litre.
The recent announcement of a 6.7% increase in petrol and diesel prices by Dangote Petroleum Refinery is set to exacerbate economic challenges for Nigerians. As crude oil prices continue to climb, consumers can expect a ripple effect on living costs across the country.
During the BRICS Summit, Vice President Kashim Shettima met with WTO Director-General Ngozi Okonjo-Iweala, emphasizing Nigeria's commitment to multilateral trade and the significant contributions of its diaspora. Shettima's discussions highlighted the importance of global cooperation in addressing economic challenges.
A delegation from Katsina State, led by its Agriculture Commissioner, has explored the successful model of the Jigawa Research Institute, aiming to establish a similar agricultural research center in Katsina. This initiative signals a commitment to enhancing agricultural productivity and innovation within the state.
The National Agricultural Seed Council has entered into a two-year partnership with PIND aimed at bolstering community seed enterprises and improving quality assurance in Nigeria's seed industry. This strategic collaboration is set to attract significant investments into the domestic seed sector.
As Nigeria witnesses a surge in cashless transactions, significant portions of rural women and cross-border traders remain excluded from this financial evolution. The disparity highlights the urgent need for inclusive strategies that cater to the needs of these underserved communities.
In a groundbreaking move, the National Theatre has convened its first creative summit outside Lagos, bringing together practitioners from the creative economy in Kano. The two-day event focuses on enhancing access to funding, financial literacy, and practical skills for industry professionals.
As Nigeria's government celebrates a re-basing of its Gross Domestic Product to N372.8 trillion, experts warn that the figures do not translate to tangible benefits for citizens. The Minister of State for Industry highlights the urgent need for stronger industrial capacity to match the statistical growth.
The latest 'BudgIT 2026 State of States Report' has recognized Abia State as a top performer in key areas such as fiscal management, education, and health. This achievement highlights the state's commitment to fiscal discipline and effective leadership.
Traders at Lafia Tomato Market report a staggering 70% drop in customer footfall, attributing the decline to deteriorating road conditions and a severe water shortage. These issues are threatening the livelihoods of many vendors and the local economy.
In a significant breakthrough, Nigerian police have arrested an individual in connection with false reports alleging a shutdown of the fintech company OPay. The arrest follows a thorough forensic investigation that aimed to uncover the source of the misleading information.
As international crude oil prices surpass $100 per barrel, Nigerian marketers are preparing for price hikes on petroleum products, sparking calls for government intervention to cushion the impact on consumers. Experts warn of rising costs in diesel, transport, and freight services, amid concerns about the broader economic implications.
A National Assembly committee has committed to thoroughly investigating the NNPC and oil marketers regarding their outstanding ₦432 billion debt, ensuring transparency in the process. The scrutiny will include examining payment histories and actions taken by authorities to recover the owed amounts.
Britain and France, among other nations, are set to impose sanctions on Israel in response to its controversial settlement activities in the West Bank, which have been condemned as violations of international law. The Israeli government, led by Prime Minister Netanyahu, has faced intense criticism and accusations of supporting ethnic cleansing in the region.
The Central Bank of Nigeria (CBN) has announced a renewed focus on supervising terrorism financing, emphasizing the importance of risk management and transaction monitoring. This initiative aims to enhance the implementation of targeted financial sanctions and improve the reporting of suspicious transactions linked to terrorism financing.
