Abaribe: Tax Without Impact is Extortion at CITN Event
Senator Abaribe and stakeholders warn that tax collection without visible public impact is extortion, as 1,400 new professionals join CITN amid Nigeria's tax reforms.
Category : Economy
Cost-of-Living Crisis Overshadows May Day in Nigeria
Nigerian workers mark May Day under severe cost-of-living pressures as N70,000 minimum wage loses value amid inflation, fuel price surge, and food price hikes.
Nigeria's $1 Trillion Economy Threatened by Skills Gap
Stakeholders at a NACCIMA TVET summit in Lagos call for urgent reforms to tackle Nigeria's skills gap, warning it threatens the $1 trillion economy target.
Nigeria Business Activity Contracts in April 2026
Nigeria's PMI fell to 49.4 in April 2026, first contraction in 16 months, driven by rising costs and weakening demand across industry and services.
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Tinubu Hails CBN Reforms and Bank Recapitalisation Efforts
President Tinubu commended CBN Governor Cardoso for foreign exchange reforms and bank recapitalisation, boosting investor confidence during Ogun airport inauguration.
Meta Shares Plunge 10% as Google Surges on AI Earnings Divergence
Meta shares fell nearly 10% after earnings, while Google soared over 6%. Investors distinguish between Big Tech AI spending strategies.
Nigeria's 2026 budget: ₦15.81tn for debt servicing
Nigeria allocates ₦15.81 trillion for debt servicing in 2026, a major portion of the ₦68.32 trillion budget, raising concerns over fiscal sustainability.
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University Non-Teaching Staff to Strike Indefinitely Friday
University administrative and non-teaching staff in Nigeria will begin an indefinite strike on Friday after failed negotiations with the federal government over unpaid salaries and welfare issues.
Woman Installs 2kVA Solar Inverter, Shares Cost and Message
A Nigerian businesswoman installed a 2kVA solar inverter with 4 panels costing 1.4 million naira, powers two freezers, and advises others to invest amid blackouts.
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France Economy Posts Zero Growth in First Quarter
France's economy stalled in Q1 2026 with zero growth due to weak domestic demand and declining exports, surprising analysts who expected modest expansion.
SABMF Unveils 8-Point Agenda for Rebuilding North
The Sir Ahmadu Bello Memorial Foundation calls for urgent action to rebuild Northern Nigeria's economy, focusing on education, youth, women, and governance through an 8-point agenda.
Risk Management Basics for African Forex Traders
Learn essential risk management strategies for Forex trading in Africa, including position sizing, stop-loss, and risk-reward ratios.
Apapa LG Chairman Disburses ₦30m in ACREPEGED Phase Two
Apapa LG Chairman Idowu Adejumoke Senbanjo disburses ₦30 million to 300 residents in phase two of ACREPEGED, reaching 600 beneficiaries so far with plans for 4,000.
CBN Releases New FX Rate as Naira Rebounds, Dollar Supply Surges
The Nigerian naira recovers modestly against the US dollar as CBN data shows improved liquidity, with interbank turnover hitting $249.9 million and oil prices rising.
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CBN Advises Nigerian Students on Wealth Creation, Money Management
The Central Bank of Nigeria urges secondary school students to prioritize financial literacy, treating money as an investment tool for long-term wealth.
Reps propose 50-year economic plan to end policy flip-flops
Nigeria's House of Representatives introduces a bill for a 50-year National Economic Plan (2026-2076) to enforce policy continuity and boost investor confidence.
Lagos Power Deals: Decentralised Energy to Boost Economy
Lagos State signs power purchase agreements with three IPPs, aiming to boost economic growth through decentralised electricity generation and efficient PPP delivery.
Pre-Engagement Sessions Key to Minimum Wage Harmony
NECA's Director-General, Adewale-Smatt Oyerinde, advocates pre-engagement sessions with labour to prevent industrial crisis ahead of 2027 minimum wage negotiations.
Nigeria's Green Tax: Climate Action or Revenue Drive?
Nigeria's 2026 green tax on vehicles sparks debate: is it climate action or a revenue grab? Experts question its effectiveness amid weak infrastructure and inequality.
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Is Nigeria Rich or Poor? Detailed Analysis
Nigeria is a lower-middle-income country with a GDP per capita of $824, yet 63% of its population experiences multidimensional poverty, creating a wealth paradox.
North-West Climate Summit Targets Investment, Jobs, Green Growth
The North-West Climate Summit 2026 aims to reposition the region from climate vulnerability to a hub for investment, resilience, and green economic growth.
Naira Falls Again as Banks Quote Higher Dollar Rates
Nigerian naira weakens against dollar amid surging demand and liquidity challenges. Banks adjust rates as FX pressure mounts.
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Nigerians Face Higher Cooking Gas Costs as LPG Prices Jump
Nigerians face higher cooking gas costs as LPG prices jump to ₦7,655 for 5kg in March 2026, driven by forex pressures and global energy trends, NBS reports.
Naira Mixed: Black Market Gains, Official Rate Falls to N1,383/$1
The naira strengthened to N1,390 per dollar in the parallel market but depreciated by N14 to N1,383 at the official NFEM window, narrowing the gap to N7.
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World Bank Sees 16% Spike in Commodity Prices This Year
The World Bank forecasts a 16% rise in commodity prices in 2026, driven by Middle East conflict and energy disruptions, impacting global inflation and growth.
Reps Approve $516.3M Loan for Sokoto-Badagry Highway
The House of Representatives approved a $516.3 million loan for the Sokoto-Badagry Superhighway. The National Assembly will adjourn for party primaries ahead of 2027 elections.
Nigeria Seeks Investors at London NCIS, Energy Transition Push
Nigeria scouts for global investors at the inaugural Nigeria Climate Investment Summit in London, focusing on energy transition and carbon markets.
Cartoon: Nigeria's Economic Challenges in 2024
A cartoon commentary on Nigeria's economic struggles in 2024, highlighting inflation, unemployment, and policy impacts on citizens.
China Shock 2.0: Global Efficiency and the Case for Change
China Shock 2.0 brings high-tech exports, lower prices, and green tech. Despite protectionist fears, it offers a deflationary lifeline for the global middle class.
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NNPC Ltd and the Future of Nigeria: A Critical Analysis
An analysis of NNPC Ltd's structural challenges, governance issues, and the path to reform, highlighting the need for institutional performance over optimism.
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