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Nigeria Economic Crisis

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NNPCL Faces Scrutiny After Spending N17.5tn on Pipeline Security in One Year

NNPCL reports N17.5tn spent on pipeline security and fuel under-recovery in 2024 as analysts demand an audit and clearer government repayment.
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Safe Schools Project Stops in 30 States as Abductions Increase

Thirty states haven’t implemented the Safe Schools plan, leaving classrooms exposed as kidnappers intensify attacks across Nigeria.
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Tinubu Inherits Economic Crisis, Presidency Defends Policies

Facing critical reports, the Nigerian Presidency clarifies the economic challenges inherited by President Tinubu and the strategic measures implemented for recovery.
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Cross River State Workers Disappointed Over New Minimum Wage Announcement

Workers in Cross River State express disappointment after Governor Otu announces a new minimum wage of N40,000, citing insufficient support amid rising costs.
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Nigeria’s Cash Hoarding Crisis Escalates, Impacts Monetary Policy

In Nigeria, over N3.41 trillion, or 92% of all currency, is held outside the banking system, severely disrupting monetary policy and economic stability.
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Akpabio: Government Unsure of Specific Charges for Emefiele

Senate President Godswill Akpabio highlights Nigeria's struggle with past economic policies and the government's indecision on charges against former CBN Governor Emefiele, calling for national patience.
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CUPP Secretary Links Crime Surge to Fuel Subsidy Removal

Peter Ameh blames Nigeria's growing crime and poverty on the federal government's decision to remove fuel subsidies.

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News

NNPCL Faces Scrutiny After Spending N17.5tn on Pipeline Security in One Year

NNPCL reports N17.5tn spent on pipeline security and fuel under-recovery in 2024 as analysts demand an audit and clearer government repayment.
News

Safe Schools Project Stops in 30 States as Abductions Increase

Thirty states haven’t implemented the Safe Schools plan, leaving classrooms exposed as kidnappers intensify attacks across Nigeria.
News

Indian Police Arrest 50 Nigerians in Major Drug Crackdown

Indian police arrest 50 Nigerians in coordinated raids that expose a drug network using encrypted routes, hawala channels and sex-trade links.
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Nigeria Says It Has Met Africa Energy Bank Obligations

Nigeria says it has fully met its Africa Energy Bank obligations, positioning the country for a stronger role ahead of the institution’s launch.

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