Economy

The Central Bank of Nigeria has approved the appointment of the Governing Council Chairman of Remo Growth and Development Foundation (RemoGDF), Otunba Seni Adetu as well as Dr Sarah Omotunde Alade...

The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has defended the Federal Government’s decision to remove petrol subsidies and deregulate the downstream petroleum sector, saying petrol prices in Nigeria...

The Emir of Kano, His Royal Highness Khalifa Muhammadu Sanusi II, has urged individuals, entrepreneurs and businesses across Kano State to take advantage of the Dangote Petroleum Refinery and Petrochemicals Limited...

Ride-hailing company Uber has announced it will shut down its operations in Nigeria after 12 years, with the decision taking effect on September 2, 2026. The company disclosed the development in a...

The Minister of Information and National Orientation, Mohammed Idris, has cautioned against calls to restore the petrol subsidy, saying a return to the old regime would undermine Nigeria’s improving fiscal position,...

The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has suggested that some students may have received funding from the Nigerian Education Loan Fund without their parents’ knowledge. Oyedele...

The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has rejected calls for the Federal Government to publish details of how it plans to spend funds drawn from...

Nigeria’s dependence on imported textile materials has almost tripled with importation surging by 181 per cent in two years to N1.08 trillion in 2025 from N377.47 billion in 2023, despite repeated...

Nigeria’s petroleum industry is undergoing a shift from an export-driven crude oil model towards greater domestic processing following the operationalisation of the Dangote Petroleum Refinery in Lagos. For decades, Nigeria exported crude...

First Lady Senator Oluremi Tinubu on Monday commended the Minister of the Federal Capital Territory, Nyesom Wike, for transforming Abuja’s City Gate into a major recreational landmark. She lamented that no...

The Federal Government has announced plans to end electricity subsidy payments from 2027 as part of efforts to tackle mounting liabilities in the power sector. This was disclosed by the Minister of...

Nigeria has again failed to meet its 1.5 million bpd crude oil production quota approved by the Organization of the Petroleum Exporting Countries (OPEC). In its National Liquid Hydrocarbon Production Report released...