Economy

Latest Economy News

66,500 Litres of Seized Petrol Auctioned in Kebbi

In a swift move to clear seized contraband and bolster public supply, the Nigeria Customs Service (NCS) has auctioned off 66,500 litres of Premium Motor Spirit (PMS) in Kebbi State.…

Hadiza Galadima Hadiza Galadima

Ali Nuhu Backs Nigeria’s Movie Industry

The Managing Director of the Nigerian Film Institute, Ali Nuhu, has reaffirmed his commitment to revitalizing and supporting the growth of Nigeria’s movie industry. Speaking during a recent interview and…

Abubakar Turaki Abubakar Turaki

Insecurity: Tinubu Tasks Governors to Defeat the Enemy Now

President Bola Ahmed Tinubu has described insecurity as the "enemy of development," vowing that his administration will not relent in protecting Nigerians. The President made this declaration in Lagos while…

Hadiza Galadima Hadiza Galadima

Fuel Price Hikes Limited Despite Oil Rally

The Chinese government intervened on Monday to cap domestic fuel price increases. Move intended to blunt the impact of skyrocketing global oil costs driven by the escalating conflict in the…

Hadiza Galadima Hadiza Galadima

Prof Pantami Urges Fintech Investment, Cites OPay Success

Former Minister of Communications and Digital Economy, Prof. Isa Ali Pantami, has called for increased investment in Nigeria’s fintech sector. He cited the rapid growth of OPay as proof of…

Khadija Muhammed Khadija Muhammed

Gombe Named Model for World Bank Projects

Gombe State has received praise from the World Bank Country Director for Nigeria, Matthew Verghis, over its handling of development projects. During an official visit to the state on March…

Abubakar Turaki Abubakar Turaki

Global Investors Hold Positions Despite Iran War, Inflation Shock

Global investors remain cautious but have not abandoned stock and bond markets despite the recent energy and inflation shock. The uncertainty is largely linked to the ongoing conflict involving Iran…

Samira Usman Adam Samira Usman Adam

NCAA Issues Air Operator Certificate to Binani Air Global Services

The Nigeria Civil Aviation Authority has issued an Air Operator Certificate to Binani Air Global Services. The certification allows the airline to commence scheduled commercial flight operations in Nigeria. The…

Samira Usman Adam Samira Usman Adam

Minority Businesses Say U.S. Policy Limits Access to Contracts

Several minority-owned businesses in the United States say they are losing access to federal construction contracts. The complaints follow changes to a transportation programme approved under Donald Trump. A federal…

Samira Usman Adam Samira Usman Adam

Oil Prices May Rise as Iran Threatens $200 Per Barrel

Global oil prices may rise sharply as tensions continue in the Middle East energy markets. Officials in Iran have warned that crude oil prices could reach 200 dollars per barrel.…

Samira Usman Adam Samira Usman Adam

Nigeria’s Food Inflation Rises To 12.12% In February 2026

Focus Keyphrase: Nigeria food inflation February 2026 Nigeria’s food inflation rate increased to 12.12% in February 2026, signaling renewed pressure on household food costs across the country. According to the…

Kabiru Abdulrauf Kabiru Abdulrauf

Oil Prices Rise Over Strait of Hormuz Supply Concerns

Global oil prices rose more than two percent on Tuesday, recovering from losses recorded in the previous trading session. The increase followed growing concerns over crude oil supply disruptions linked…

Samira Usman Adam Samira Usman Adam