A major protest erupted across Lagos ports on Wednesday as maritime truckers and fleet owners marched from the Lilypond Truck Park in Ijora to the […]
Category: Economy
Economy
Presidency Clarifies Tinubu’s $20bn Borrowing Plan, Dismisses Misconceptions
The presidency has debunked widespread reports suggesting that President Bola Ahmed Tinubu is seeking to borrow a lump sum of $20 billion, clarifying that the […]
CBN Cuts Net Loans by N4.1tn, Recovers N253bn Intervention Funds Amid Tightening Reforms
The Central Bank of Nigeria (CBN) recorded a sharp reduction of N4.145 trillion in net loans and receivables in 2024, driven by a sweeping retrenchment […]
World Bank Flags Nigeria’s 2025 Budget as Overly Ambitious, Warns of Recourse to CBN’s Overdraft
The World Bank has described Nigeria’s record-breaking ₦54.99 trillion 2025 federal budget as overly ambitious, cautioning that revenue shortfalls may force the Federal Government to […]
NNPC & Dangote Refinery Forge New Era of Collaboration After Price War
After months of heated rivalry and public disagreements, Nigeria’s top oil refiners—NNPC Limited and Dangote Petroleum Refinery & Petrochemicals—have agreed to put their differences behind […]
ECOWAS Commissioner Blasts High Air Travel Costs, Calls for Reform to Boost Regional Integration
The cost of air transport within the West African sub-region remains the highest globally, according to Mr. Sédiko Douka, the ECOWAS Commissioner for Infrastructure, Energy, […]
Yewa North Lawmaker Lauds Tinubu for Lifting Petroleum Supply Restrictions in Border Communities
Gboyega Isiaka, the House of Representatives member for Yewa North/Imeko-Afon Federal Constituency, has commended President Bola Tinubu for lifting the six-year-old restrictions on the sales […]
EFCC Traces CBEX Cryptocurrency Scam Funds to Four Countries, Warns Victims of Limited Restitution
The Economic and Financial Crimes Commission (EFCC) has revealed that funds linked to the collapsed CBEX cryptocurrency bridge exchange scheme have been traced to at […]
US Accuses Nigeria of Blocking US Agricultural Imports, Nigeria Customs Hits Back with Strong Rebuttal
The ongoing trade dispute between Nigeria and the United States has taken a new turn, with the US government accusing Nigeria of continuously delaying import […]
Gold Hits Record $3,500 an Ounce Amid Trump’s Tariffs and Fed Criticism
Gold surged to a historic high of $3,500.10 per ounce on Tuesday, driven by escalating trade tensions sparked by US President Donald Trump’s tariffs and […]