Economy

965 Articles
Economy

Over 25 Million Nigerians Require Humanitarian Assistance Annually – Minister

No fewer than 25 million Nigerians require humanitarian assistance each year, the Minister for Humanitarian Affairs and Poverty Reduction, Dr. Bernard Doro, has...

Economy

10 African Countries with the Smallest Proven Oil Reserves in 2025

Africa’s oil wealth is concentrated in a few countries, leaving many nations with limited crude reserves that play only a minor role in...

Economy

United States Threatens Tariffs on Countries Supplying Oil to Cuba

The United States has threatened to impose tariffs on countries that continue supplying oil to Cuba, escalating its rhetoric toward governments doing business...

Economy

Air Peace Denies Allegations of Misleading Public Over Lagos–São Paulo Route

Nigeria’s largest airline, Air Peace, has rejected claims that it collaborated with the Federal Government to mislead Nigerians over the proposed Lagos–São Paulo...

Economy

Naira Breaks N1,400/$1 Barrier on Official Market After Over a Year

Nigeria’s naira has traded below the N1,400 to the dollar mark on the official foreign exchange market for the first time in over...

Economy

IMPI Projects Nigeria’s GDP Growth at 5.5% in 2026, Cites Tinubu’s Economic Model

The Independent Media and Policy Initiative (IMPI) has projected that Nigeria’s Gross Domestic Product will grow by 5.5 per cent in 2026, attributing...

Economy

Courier Services Power Nigeria’s E-Commerce Boom Despite Lingering Hurdles

Courier operators are increasingly serving as the backbone of Nigeria’s fast-growing e-commerce ecosystem, efficiently connecting sellers and buyers and driving sharp growth in...

Economy

Telcos to Boost Network Investment Beyond $1bn in 2026 — NCC

Nigeria’s mobile network operators are set to significantly increase spending on telecommunications infrastructure in 2026, pledging to invest more than the over $1bn...

Economy

Nigerian Railway Corporation Targets 10,000km Rail Network in Five Years

The Nigerian Railway Corporation (NRC) has unveiled plans to expand the nation’s rail network from the current 4,000 kilometres to 10,000 kilometres within...

Economy

PenCom Approves Historic 1,173% Pension Hike for NSITF Retirees

The National Pension Commission (PenCom) has approved a landmark upward review of pensions for 2,116 retirees under the Nigeria Social Insurance Trust Fund...