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Nigerian Economy

Yakubu Steps Down as INEC Chair, Says It’s Time for Fresh Leadership

Yakubu steps down as INEC chairman after 10 years, saying his decision allows a smooth transition and continued electoral reform ahead of 2027 elections.

Nigeria’s Deadly Highways: Motorists Endure Fear, Frustration and Loss

Across Nigeria, crumbling federal highways have turned travel into a deadly gamble as motorists battle potholes, bandits, and government inaction.

Imported Petrol Landing Cost Drops to N900 Per Litre

Nigeria’s oil dependence exposes its economy to price shocks, but diversification into agriculture, tech, and minerals aims to ensure economic stability

In Five Years, FAAN Remits Over N218bn to Federation Account

For 2020 to 2024, FAAN remits over N218bn to Nigeria's Federation Account and N352.2m in stamp duty payments.

Nigeria’s Oil Dependence and Path to Economic Diversification

Nigeria’s oil dependence exposes its economy to price shocks, but diversification into agriculture, tech, and minerals aims to ensure economic stability

The Tax Reform Bills Suggest A 55% Share of VAT To States

Senate passes tax bills that raise VAT share to states by 40%.

How Currency Devaluation Impacts Nigerians’ Everyday Lives

Currency devaluation impacts Nigerians through rising prices, reduced purchasing power, and economic challenges for businesses across Nigeria

CBN Strengthens Diaspora Ties to Boost Nigeria’s Economic Growth

CBN strengthens ties with the Nigerian diaspora, aiming to boost remittance flows and encourage investments that support Nigeria’s economic growth and stability

Dangote Urges Government to End Fuel Subsidies Immediately

Aliko Dangote calls for an immediate end to fuel subsidies in Nigeria, explaining how it could reduce costs and stabilize the economy

Over 50 Nigerian Firms Shut Down Amid Economic Turmoil

Nigeria's manufacturing sector faces a severe crisis as over 50 firms shut down, leading to massive job losses. Industry leaders urge government intervention to prevent further economic decline.

Nigeria’s Revenue Soars to N9.1 Trillion in First Half of 2024

Nigeria’s revenue hit N9.1 trillion in the first half of 2024, reflecting the government's strategic economic policies and improved tax collection.

FG Pleads for Patience Amid Nationwide Protest Plans

The Federal Government appeals for patience and postponement of the planned nationwide protest, citing ongoing efforts to address economic hardships.

Tinubu Pleads with Youths to Shelve Planned Protest

President Bola Tinubu urges Nigerian youths to reconsider their planned protest over the high cost of living, assuring them that their grievances are being addressed by the government.

Tinubu’s N100,000 Wage Blocked by Governors

The NLC Lagos Council criticizes the new N70,000 minimum wage as inadequate for Lagos workers, citing high living costs and governors' influence on the decision.

Latest articles

Yakubu Steps Down as INEC Chair, Says It’s Time for Fresh Leadership

Yakubu steps down as INEC chairman after 10 years, saying his decision allows a smooth transition and continued electoral reform ahead of 2027 elections.

Nigeria’s Deadly Highways: Motorists Endure Fear, Frustration and Loss

Across Nigeria, crumbling federal highways have turned travel into a deadly gamble as motorists battle potholes, bandits, and government inaction.

Emefiele’s $4.5bn Fraud Trial Delayed Over Phone Evidence Dispute

Emefiele’s $4.5bn fraud trial stalled again after EFCC and defence clashed over phone forensic test procedures in Lagos court.

Oyedele: 98% of Nigerians to Get Tax Cut or Exemption by 2026

About 98 percent of Nigerians will enjoy reduced or no tax under the new fiscal reform expected to take effect in January 2026.