Economy

Aliko Dangote, President of the Dangote Group, has expressed concerns over Nigeria’s high interest rates, warning that the current rate of 30 percent is stifling economic growth and job…

The Nigerian National Petroleum Company Limited says it has declared a state of emergency on oil production. It said this was a move towards increasing Nigeria’s crude oil production and…

Nigeria’s debt-to-GDP ratio has surpassed 50% for the first time, according to the latest public debt figures published by the Debt Management Office (DMO). The country’s public debt…

The Federal Government, through the Nigeria Customs Service (NCS), has grounded a Gulfstream G650ER jet registered in the United States and owned by a prominent Nigerian bank. This move…

A former Speaker of the House of Representatives, Rt. Hon. Yakubu Dogara, has called on President Bola Tinubu to develop oil palm cultivation as it could generate up to N16.2 trillion naira…

The domestic crude oil supply crisis that recently led to accusations and denials in the oil sector may warrant an investment plunge in the industry, operators declared on Wednesday. …

President Bola Tinubu will discuss the new national minimum wage with state governors at the 142nd meeting of the National Economic Council at the Aso Rock Villa, Abuja, on Thursday. The…

President Bola Ahmed Tinubu has said that his administration would not rest until banditry, terrorism and other forms of insecurity are eliminated from the country. This was as he also…

The Federal Government, under the administration of President Bola Tinubu, disbursed a total sum of N14.77bn for the repair and maintenance of the presidential air fleet in 11 months. …

Nigeria’s inflation rate hits 33.95% in May -NBS The National Bureau of Statistics (NBS), says Nigeria’s headline inflation rate increased to 33.95 per cent in May 2024. The…