Economy

1018 Articles
Economy

Nigeria’s Inflation Rises to 15.38 Percent in March 2026

Nigeria’s headline inflation rate increased to 15.38 percent in March 2026, up from 15.06 percent recorded in February, according to the latest Consumer...

Economy

Oborevwori Faults Delay in Warri Stadium Project, Demands Quality Delivery

Governor Sheriff Oborevwori has expressed displeasure over delays in the reconstruction of Warri City Stadium, stressing that contractors must respect agreed timelines and...

Economy

FG Probes Loan Apps Over Data Privacy Violations Targets ‘Sharp Sharp’ Operators

The Federal Government has launched an investigation into the activities of so called sharp sharp loan operators over alleged violations of customers’ data...

Economy

Naira Shows Marginal Recovery in Early Tuesday Trading Amid Market Firmness

The Nigerian Naira recorded a slight recovery in early trading hours on Tuesday, April 14, 2026, as the foreign exchange market responded to...

Economy

Nigeria Insurance Industry Records Strong Growth as Premiums Hit N2.3 Trillion in 2025

Nigeria’s insurance sector witnessed significant expansion in 2025, with Gross Premium Written rising by 47.3 percent year on year to N2.301 trillion, up...

Economy

FG Approves N3.3 Trillion Power Sector Debt Payment Amid Ongoing Electricity Crisis

The Federal Government has approved a payment plan to settle N3.3 trillion in outstanding debts owed in the power sector under the Presidential...

Economy

FG Tasks Dangote Sugar to Hit 600,000 Metric Tonnes Output by 2030

The Federal Government has urged the Dangote Group to significantly expand the production capacity of its sugar subsidiary, Dangote Sugar Refinery, targeting 600,000...

Economy

FG Inaugurates Committee to Fix Gas Supply and Boost Power Generation

The Federal Government has inaugurated a Gas to Power Monitoring Committee as part of efforts to resolve persistent gas supply challenges affecting electricity...

Economy

UBA Employs Over 700 Young Graduates to Tackle Youth Unemployment Across Africa

The United Bank for Africa has reaffirmed its commitment to addressing youth unemployment across Africa with the successful recruitment of more than 700...

Economy

Nigeria Borrowing Rises to N8.1 Trillion in Q1 2026 Amid Debt Concerns

Nigeria’s fiscal pressures deepened in the first quarter of 2026 as the Federal Government increased domestic borrowing to N8.1 trillion, representing a 7.4...