Economy

Latest Economy News

FG Inaugurates NUPRC Board to Boost Oil Sector Governance

The Nigerian Government has inaugurated a new board for the Nigerian Upstream Petroleum Regulatory Commission, NUPRC. The government charged members to strengthen governance, improve transparency, and guide Nigeria’s upstream petroleum…

Kabiru Abdulrauf Kabiru Abdulrauf

Reps Approve $516m Highway Loan

The House of Representatives has approved President Bola Ahmed Tinubu’s request for a 516 million dollar loan to support the construction of key sections of the Sokoto-Badagry Super Highway. The…

Khadija Muhammed Khadija Muhammed

Students Block OAU Gate Over Welfare Complaints

Students of Obafemi Awolowo University Students’ Union staged a protest on Tuesday, demanding urgent action on welfare and academic challenges. Videos from the protest ground showed large numbers of students…

Kareemat Mohmood Hassan Kareemat Mohmood Hassan

NUPENG Warns Of Job Losses In Oil Sector

The Nigeria Union of Petroleum and Natural Gas Workers has raised fresh concerns over rising job losses and growing suppression of workers’ rights in Nigeria’s oil and gas industry. Outgoing…

Kareemat Mohmood Hassan Kareemat Mohmood Hassan

NGX Extends Trading Hours, Boosts Market Flexibility

The Nigerian Exchange Limited has officially launched its extended trading session, increasing daily market hours from the previous 9:30 a.m.–2:30 p.m. window to a new 9:00 a.m.–4:00 p.m. schedule. The…

Hadiza Galadima Hadiza Galadima

Sokoto Fires Destroy Onion Stocks Worth ₦500m

An inferno Destroy Onion Stocks Worth ₦500m, after a series of outbreaks swept through key farming communities in Sokoto State, leaving farmers with heavy losses and raising fresh concerns about…

Kareemat Mohmood Hassan Kareemat Mohmood Hassan

Lagos Targets Tech Dominance with $1.2bn Push

Lagos State is ramping up its ambition to become Africa’s leading technology hub, unveiling a $1.2 billion investment portfolio aimed at strengthening digital infrastructure and driving economic growth. The announcement…

Hadiza Galadima Hadiza Galadima

NNPC Women Shine at 2026 Ascent Africa Awards

Women from NNPC Limited took centre stage at the 2026 Ascent Top 100 Career Women in Africa Awards held in Lagos. The event celebrated outstanding female leaders across the continent.…

Kabiru Abdulrauf Kabiru Abdulrauf

Ojulari Wins Vanguard Energy Innovation Award

Bashir Bayo Ojulari, Group Chief Executive Officer of NNPC Limited, has received the Vanguard Newspapers’ 2025 Energy Innovation and Reform Icon of the Year Award. The award recognises Nigerians making…

Kabiru Abdulrauf Kabiru Abdulrauf

Nigeria Approves Salary Increase, New Benefits for Civil Servants

The Federal Government of Nigeria has approved a wide-ranging salary and welfare package for civil servants. The reforms include higher allowances, improved benefits, and a new retirement exit scheme designed…

Kabiru Abdulrauf Kabiru Abdulrauf

From ₦900bn to ₦700bn: Nigeria Signals Fiscal Restraint

The Federal Government is showing signs of fiscal restraint at least on the domestic front. In a fresh move, the Debt Management Office (DMO) has announced plans to raise ₦700…

Hadiza Galadima Hadiza Galadima