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Nigeria Economy

Ogun health workers begin 72-hour warning strike after colleague is stabbed at Abeokuta hospital

Health workers at the Federal Medical Centre, Abeokuta, began a 72-hour warning strike after a laboratory scientist was allegedly stabbed by a patient’s relative at the hospital.

Obasanjo says 13% derivation is only a start for oil-producing states

Former president Olusegun Obasanjo says the 13% derivation is only a starting point for oil producing states, as Bayelsa governor Douye Diri calls it inadequate.

Nigeria Assures Investors About Market After US Backed Strike

Nigeria’s finance minister says a joint security operation with the United States will strengthen stability, reassure investors and support continued economic growth.

Economic Hardship Debate Deepens As Radda Says FG Controls 52% Of Federation Revenue

Governor Dikko Radda says the Federal Government controls most federation revenue and should share responsibility for Nigeria’s economic hardship.

Peter Obi: 80% Youth Unemployment Shows Leaders Have Failed Nigeria

Key Points Peter Obi links Nigeria’s 80% youth unemployment rate to leadership failure and...

More Funds, More Pains As Nigeria’s Allocations Double While Poverty Deepens

Nigeria shared record FAAC revenue, yet rising prices, poverty growth, and limited grassroots impact left millions worse off nationwide today.

Dangote Reclaims $30 Billion Net Worth as Cement Lifts Fortune

Aliko Dangote’s net worth has climbed back to $30 billion as rising cement shares and aggressive refinery expansions recharge his business empire.

How Remote Work Is Transforming Nigerian Economy

Remote work has shifted from a pandemic necessity to a structural economic force in Nigeria, reshaping hiring, productivity, lifestyle, and global employment access.

BOI Disburses N1.27 Trillion Across Key Sectors

BOI disbursed N1.27 trillion across 14 sectors, strengthening industrial growth and supporting nearly 900,000 jobs through expanded credit programs.

South-East Residents Explain Monday Business Shutdowns

South-East residents say ongoing fears and uncertainty still force many businesses to remain closed on Mondays despite efforts to restore normal activity.

AEDC Lays Off 800 Workers as Power Supply Worsens

AEDC fires 800 workers after restructuring, raising concerns over worsening electricity supply and poor sector performance.

Food Imports Surge 45% as Local Production Struggles to Keep Up

Nigeria’s food imports jumped 45% in H1 2025 as insecurity and weak agricultural output hurt local production capacity.

Lekki Zone MD: Nigeria Remains Investor-Friendly

Lekki Free Zone MD Val Attah insists Nigeria remains viable investment destination, backed by reforms and strong investor confidence.

Fuel Tax Won’t Begin Until Naira Strengthens or Oil Price Falls — Oyedele

Oyedele says Nigeria will delay 5% fuel surcharge until naira appreciates or oil prices drop to avoid price hikes.

Latest articles

Ogun health workers begin 72-hour warning strike after colleague is stabbed at Abeokuta hospital

Health workers at the Federal Medical Centre, Abeokuta, began a 72-hour warning strike after a laboratory scientist was allegedly stabbed by a patient’s relative at the hospital.

Obasanjo says 13% derivation is only a start for oil-producing states

Former president Olusegun Obasanjo says the 13% derivation is only a starting point for oil producing states, as Bayelsa governor Douye Diri calls it inadequate.

Nigeria spent N7.7 trillion on debt interest in six months, 124% of its revenue, World Bank says

Nigeria spent N7.7 trillion on interest in the first half of 2026, equal to 124.2% of its N6.2 trillion revenue, according to the World Bank.

Nigeria opens 2026 licensing round with 40 oil blocks as output hits 1.82 million barrels a day

Nigeria has launched its 2026 oil licensing round, offering 40 blocks across land, shallow water and deepwater, as crude and condensate output rises to 1.82 million barrels a day.