Economy

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...

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...

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...

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...