FAAC distributes record N2.225trn in August
The Federation Account Allocation Committee (FAAC) has disbursed a record N2.225 trillion to the three tiers of government and other…
Category: Economy
Latest Nigeria economy news and analysis on inflation, naira exchange rate, fuel prices, business trends, and government policies. Follow real-time updates on Nigeria’s economic growth, cost of living, trade, and financial markets
Dangote declares Ajaokuta steel company ‘will not work’, calls for forward thinking
President and Chief Executive Officer of Dangote Refinery, Aliko Dangote, has expressed strong doubts about the revival of the Ajaokuta…
Dangote blames investment fears, denies monopoly amid fuel dispute
President and Chief Executive Officer of Dangote Refinery, Aliko Dangote, has said many wealthy Nigerians are unwilling to invest in…
NNPC Chief urges stronger African collaboration for energy security
The Group Chief Executive Officer of NNPC Limited, Bayo Ojulari, has called on African nations to forge stronger partnerships to…
Why every Nigerian business needs SCUML
SCUML stands for Special Control Unit against Money Laundering
Nigeria’s inflation reduced to 20.12% in August
Nigeria’s inflation rate slowed in August 2025, with the National Bureau of Statistics (NBS) reporting a headline figure of 20.12…
Nigeria’s inflation falls for fifth month, raising pressure on CBN to cut interest rates
Nigeria’s inflation rate has declined for the fifth consecutive month, increasing pressure on the Central Bank of Nigeria (CBN) to…
Shettima urges rail renewal to make Nigeria Africa’s logistics hub
Vice President Kashim Shettima has declared that revitalising Nigeria’s railway system is essential for the nation to maintain its position…
Sanwo-Olu pledges to leave no youth behind as 5,000 job seekers attend Lagos fair
The Lagos State government has reaffirmed its commitment to youth empowerment and job creation at the 2025 Lagos State Job…
Oyebanji pushes for equitable tax system, praises national tax reforms
Ekiti State Governor, Biodun Oyebanji, has called on the Joint Tax Board (JTB) to establish an effective and equitable tax…