Nigeria’s external reserves have surged to $41 billion as of Tuesday, August 2025 – the highest level since December last year. Data published by the […]
Category: Economy
Tinubu’s Naira Devaluation Wipes Out Minimum Wage Gains – US Report
The United States has declared that President Bola Tinubu’s ₦70,000 minimum wage is worthless in real terms, thanks to naira devaluation and soaring inflation. In […]
President Tinubu scraps 5% Telecoms Tax tn Telecommunication
President Bola Tinubu has scrapped the controversial 5 percent excise duty on telecommunications services, following several criticism from industry players and consumers. Executive Vice-Chairman of […]
Japan exports drops by 2.6 percent
Japan has suffered its sharpest export decline in over four years, as new finance ministry data shows that the impact of U.S. tariffs under President […]
Pencom Blacklists Seven Mortgage Banks Over Housing Loans Breach
The National Pension Commission has directed Pension Fund Administrators and Pension Fund Custodians to immediately stop accepting or processing equity contribution applications submitted by seven […]
China grants Nigeria Zero-Tariff access as Cultural Festival deepens ties
Nigeria has been handed a major trade lifeline as China officially announced zero-tariff treatment for all Nigerian exports, joining 53 African countries set to enjoy […]
Food Prices Still Soaring Despite Fourth Inflation Drop – CPPE
The Centre for the Promotion of Private Enterprise (CPPE) has warned that Nigerians are still groaning under rising food prices, despite the country recording its […]
Oil Prices Rise Ahead of US-Russia Summit
Global markets closed on a mixed note as investors weighed a sharp rise in US wholesale inflation and looked ahead to a crucial meeting between […]
President Tinubu to Revenue Agencies: Stop Holding Back the Nation’s Purse
On Wednesday in Abuja, President Bola Tinubu delivered a clear message to Nigeria’s big‐earning government agencies: “Every naira counts – and we need to stop […]
Dangote Refinery Shuts Down Price Rumours — Petrol Still ₦850
Dangote Petroleum Refinery has rubbished speculation that it has halted production or raised petrol prices, insisting Premium Motor Spirit remains ₦850 per litre. “The refinery […]