HomeEconomy

Economy

Nigeria Fails to meet OPEC Production Quota Again

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...

Presidency Will Not Bring Back Fuel Subsidy, Oyedele Insists

The Minister of Finance and Coordinating Minister of Economy, Taiwo Oyedele, has insisted that the Presidency will not bring back fuel subsidy, following widespread clamour over the effect of its removal...

₦1million salary worthless without stable Naira – NLC

The Nigeria Labour Congress (NLC) says a monthly salary of ₦1 million is worthless to workers without a stable naira and improved economic conditions. NLC President, Joe Ajaero said this in an...

Governors meet Finance Minister Oyedele, seek prompt resolution of outstanding fiscal issues

State governors, under the umbrella of the Nigeria Governors’ Forum (NGF), met with the new Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, and demanded a prompt resolution...

FULL LIST: 10 new BVN rules Nigerians must know before May 1

The Central Bank of Nigeria (CBN) has outlined 10 key changes to the Bank Verification Number (BVN) system, which will take effect from May 1, as part of renewed efforts to...

Dangote Refinery Has Been Helpful, But We Want To Also Import Fuel – Oil Marketers

Oil marketers have called for liberalisation of the downstream sector, where other players with licenses will be allowed to import more Premium Motor Spirit (PMS) or petrol into the country. National President...

Debt pressure mounts as FG borrows N8.1trn in 2026 already

At the backdrop of rising public debt pressure and concerns over the  impact on the economy, the Federal Government (FG) increased its domestic borrowing by N8.1 trillion in  the first quarter of 2026...

Fuel Prices Biting Hard, But Nigerians Should Thank God They’re Better Off — Tinubu

President Bola Tinubu has acknowledged the growing hardship caused by rising fuel prices, while urging Nigerians to remain hopeful, noting that the country is still better positioned compared to some others. The...

CBN breaks silence as rumours swirl over Okoya buying Polaris Bank

The Central Bank of Nigeria (CBN) has addressed a viral social media post claiming that billionaire businessman Razaq Okoya is set to purchase Polaris Bank following a purported liquidation process. The post,...

JUST IN: Dangote refinery reverses petrol price to N1,200 as crude dips

The Dangote Petroleum Refinery & Petrochemicals has slashed the ex-gantry price of Premium Motor Spirit (petrol) to N1,200 per litre, reversing its earlier increase amid a sharp drop in global crude...

Lagos extends individual tax filing deadline to April 14

The Lagos State Internal Revenue Service (LIRS) has extended the deadline for filing individual annual income tax returns by two weeks, shifting it from March 31 to April 14, 2026. The Executive...

FG defends £746m ports deal, says Nigeria stands to gain more

The federal government has defended its £746 million ports upgrade agreement with the United Kingdom, saying the deal is balanced and designed to deliver major economic benefits to Nigeria despite concerns...
Load more

Most Read