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5 Smart Saving Strategies for Nigerians Without Steady Income
Discover practical financial tips for Nigerians with irregular income to manage money, cut expenses, and build savings despite rising living costs and economic challenges.
Category : Economy
Condom Prices May Rise 30% Due to Iran War Supply Disruption
Karex, the world's largest condom manufacturer, warns of potential 30% price increases as the Iran war disrupts oil and petrochemical shipments through the Strait of Hormuz, affecting production costs.
Edun's Economic Scorecard: Mixed Results After Removal
Former Finance Minister Wale Edun's economic record reveals a mixed legacy, with inflation and GDP growth improving but debt and fuel prices surging during his tenure from 2023 to 2026.
Illicit Spirits Trade Costs Nigeria N428bn Yearly
The Spirits and Wines Association of Nigeria reveals illicit trade causes N428 billion in lost government revenue, undermines legitimate businesses, and poses public health risks.
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Kenyan Youths Protest Fuel Price Surge and High Cost of Living
Youth-led demonstrations erupt across Kenya as record-high fuel prices drive up transport and food costs, with protesters blaming government policies and economic mismanagement for the crisis.
Nigeria car tariff cut to 40% but prices may not fall
Nigeria slashes car import tariffs to 40%, but experts say currency volatility and extra charges may keep prices high, frustrating consumers.
Wale Edun Speaks Out After Tinubu Sacks Him
Wale Edun reflects on his tenure as Finance Minister, calling it an honour. He highlights economic growth from 2% to 4% and inflation drop from 35% to 15%.
Wale Edun's 7 Economic Policies and Their Impact on Nigerians
An analysis of Finance Minister Wale Edun's seven major economic policies, including naira float and subsidy removal, and their profound effects on Nigerian households and businesses during his tenure.
Poor Infrastructure Hinders Intra-African Trade and Integration
A new report reveals that dilapidated infrastructure is a major barrier to intra-African trade, with logistics costs far exceeding global benchmarks, hampering regional integration efforts.
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Nigeria's Economic Vulnerability and the Need for Reform
This analysis critiques Nigeria's economic policies, highlighting failures in steel production, energy, and youth unemployment, urging strategic reforms to secure global influence amid geopolitical tensions.
Experts Urge Long-Term Wealth Plans for Economic Stability
Financial experts at The Global Wealth and Legacy Forum in Lagos emphasize the critical need for long-term wealth planning and global investment strategies to combat inflation and currency volatility, highlighting legacy planning and offshore solutions.
Africa's $1 Trillion Savings Dilemma: Bridging Investment Gap
African economies hold $1 trillion in domestic savings but lack pathways to productive investment. Development banks must align regulations, build platforms, and create analytical infrastructure to channel capital effectively.
Infrastructure Gaps Hamper Intra-African Trade, Integration
A new report reveals that dilapidated infrastructure is a major barrier to intra-African trade, with logistics costs far exceeding global benchmarks, undermining regional integration efforts across the continent.
Nigeria's Export Growth Needs Execution, Not Just Access
Industry leaders stress that Nigeria must focus on execution and quality standards to unlock its export potential, as market access alone is insufficient for global competitiveness.
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Minister Lists Reform Gains, Experts Warn on Policy Inconsistency
Minister Jumoke Oduwole outlines reforms like the National Single Window and tax changes to boost MSMEs, but experts caution that policy inconsistency could undermine these efforts.
Middle East Crisis Risks Nigeria's 2026 Budget Implementation
Economist Dr Muda Yusuf warns that the Middle East crisis could disrupt Nigeria's 2026 budget execution despite potential oil revenue gains, citing volatility and existing commitments.
Nigeria's Domestic Debt Servicing Hits N8.6 Trillion
Nigeria's domestic debt servicing surged by 46% to N8.61 trillion in 2025, now exceeding external debt costs. Treasury bill interest payments tripled, highlighting growing fiscal pressures as debt servicing surpasses capital expenditure by N3.9 trillion.
Wale Edun Thanks Tinubu, Highlights Economic Gains
Former Finance Minister Wale Edun expressed gratitude to President Tinubu and Nigerians for the opportunity to serve, noting economic growth rose from 2% to over 4% and inflation dropped from 35% to 15% under the administration's reforms.
Edun Thanks Tinubu, Notes Economic Gains from Reforms
Former Finance Minister Wale Edun expressed gratitude to President Tinubu for the opportunity to serve, highlighting economic growth rising from 2% to over 4% and inflation dropping from 35% to 15% under the administration's reforms.
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Soft Life on a Budget: Nigerian Salary Earners Guide
Discover practical strategies for Nigerian salary earners to redefine comfort, plug financial leaks, and enjoy life sustainably despite rising inflation and economic pressures.
Dollar Hits 7-Day High, Naira Weakens, Reserves Drop $1.4B
The US dollar surged to a 7-day high due to escalating US-Iran tensions, while Nigeria's naira depreciated to around ₦1,349.67 per dollar and external reserves fell by $1.4 billion, raising economic concerns.
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Nigeria's Domestic Debt Hits ₦80.49 Trillion
Nigeria's domestic debt has surged to ₦80.49 trillion following a ₦100 billion borrowing from unclaimed private funds, signaling growing fiscal pressure and a shift toward unconventional financing sources under the Finance Act 2020.
Nigeria's $250B Waste Loss Becomes Economic Opportunity
Nigeria loses $250 billion annually from poor waste management, but a new initiative led by Amb. Dr. Ekpoye Promise Nakus aims to convert this crisis into wealth through recycling plants and job creation.
Nigeria's Vulnerability in Global Wars and Economic Order
Analysis of Nigeria's economic and strategic weaknesses amid global conflicts, highlighting reliance on oil, food imports, and lack of industrial capacity, with comparisons to historical and contemporary nations.
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Nigeria's Reforms Shift from Fragility to Growth, Edun States
Finance Minister Wale Edun asserts that Nigeria's economic reforms under President Tinubu are transitioning the country from vulnerability to a stable, growth-oriented path, as discussed at the World Bank-IMF Spring Meetings.
Economist Warns Over Unbudgeted Public Spending Concerns
Chief Economist Paul Alaje expresses worry over reports of unbudgeted government expenditures, emphasizing risks to fiscal discipline and transparency amid World Bank data controversy.
Family Income in Nigeria: A Deep Dive into Household Earnings
Explore the complexities of family income in Nigeria, including average earnings, income brackets, and practical steps to assess household economic status in Africa's largest economy.
Nigeria's Debt Hits N159 Trillion, Analysts Call for Fiscal Discipline
Cowry Asset Management warns Nigeria's rising debt could hinder growth, stressing the need for revenue expansion and prudent spending to ensure sustainability amid N159.28 trillion debt.
FG Denies Revenue Leakage in World Bank Report
The Federal Government clarifies that FAAC deductions are legitimate fiscal obligations, not revenue diversions, as per the World Bank's Nigeria Development Update.
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FG Borrows ₦100 Billion from Unclaimed Funds, Debt Hits ₦80.49 Trillion
Nigeria's domestic debt has surged to ₦80.49 trillion following the Federal Government's ₦100 billion borrowing from unclaimed private assets, signaling growing fiscal pressure and a shift toward unconventional funding sources.
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