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Nigeria Economy

Defence Minister Says No Punishment for Soldier on Lawful Duty

Defence Minister Mohammad Badaru says soldiers on lawful duty will not face punishment, pledging stronger troop welfare and modernisation efforts.

Buratai Warns Wike-Navy Clash Poses Threat to National Security

Buratai warns Wike’s clash with a naval officer poses a danger to national security, igniting debate over civil-military relations.

Nigeria’s Inflation Crisis Pushes Workers and Employers to the Edge

Nigeria’s inflation crisis is eroding wages and threatening jobs, NECA warns, urging government action to stabilize businesses and protect workers.

Tinubu Moves to Borrow $2.3bn, Float $500m Sukuk for 2025

Tinubu seeks NASS approval for $2.3bn external borrowing and $500m Sukuk to fund 2025 budget and refinance Eurobond.

Naira Gains to N1,480 per Dollar on Parallel Market

The naira rises to N1,480 per dollar in the parallel market as CBN reforms improve liquidity and restore trader confidence.

School Fees Soar, Parents Flock to ₦20,000 Jelesimi Centers

As school fees skyrocket, more Nigerian parents are returning to Jelesimi day care centers, exposing the growing education crisis and economic strain.

Lagos Shuts Ojota Chemical Market Over Fire Safety Dispute

Lagos shuts Ojota Chemical Market over fire safety rules, leaving traders counting heavy losses as Nigeria battles fragile economic recovery.

Nigeria at 65: How Oil Mismanagement Stalled Industrial Growth

Nigeria’s reliance on crude oil revenue derailed manufacturing growth, leaving the nation dependent on imports and facing deep economic struggles.

Cleric Says Nigeria’s Economic Struggles Mirror Global Crisis

Pastor Samuel Oladele says Nigeria’s economic challenges part of global crisis, urging resilience, reforms, and unity to overcome hardship.

Muazzam Mairawani Plans $600 Million Cement Plant in Kebbi

Muazzam Mairawani plans $600 million cement plant in Kebbi to rival Dangote and Rabiu while preparing a $225 million U.S. IPO.

Police Intensify Efforts to End Anambra ‘Sit-At-Home’

The Anambra police force has augmented their operations to stop disruptive Monday 'sit-at-home' orders and revive the local economic activities primarily in Nnewi and Ihiala.

NYSC Members React to Increased Allowance: “₦77K is Barely Enough”

The Federal Government begins disbursing ₦77,000 to NYSC members, but many express concerns that the amount is still insufficient for today’s economy.

Lagos Levies Disrupt LPG Supply As Marketers Warn Of Scarcity

Lagos state levies create disruptions in the supply capabilities of the Dangote Refinery leading to concerns about an imminent cooking gas shortage throughout the country.

Diaspora Remittances Surge 79 Percent To $4.18billion– Cardoso

CBN reports diaspora remittances up 79 Percent to $4.18bn in 9M’24.

Latest articles

Defence Minister Says No Punishment for Soldier on Lawful Duty

Defence Minister Mohammad Badaru says soldiers on lawful duty will not face punishment, pledging stronger troop welfare and modernisation efforts.

Buratai Warns Wike-Navy Clash Poses Threat to National Security

Buratai warns Wike’s clash with a naval officer poses a danger to national security, igniting debate over civil-military relations.

Senate Approves Tinubu’s N1.15 Trillion Domestic Borrowing Plan

Senate approves Tinubu’s N1.15 trillion domestic borrowing to fund the 2025 budget deficit and sustain critical government programmes.

Civil Defence Board Urges Early Login For CBT

The Civil Defence Board directs shortlisted candidates to log in 30 minutes before their scheduled CBT to ensure a smooth online recruitment test