Naira returns to depreciation against US dollar
The Nigerian Naira has once again slipped in value against the US dollar, raising fresh concerns about the country’s economic stability. After a brief period of recovery, the currency weakened across major foreign exchange markets, with traders attributing the decline to increased demand for dollars and limited supply. Businesses relying heavily on imported goods are […]
39 firms drag Nigerian stock market to 4th consecutive losses
The Nigerian stock market recorded its fourth consecutive day of decline as 39 companies experienced losses, leading to a continued drop in investors’ confidence. Market experts say the downward trend is driven by sell-offs across key sectors, especially banking, industrial goods, and consumer goods. This persistent decline has increased worries among traders and analysts, who […]
Nigerian filling stations reduce fuel price as landing cost drops
Fuel prices in Nigeria have started dropping as filling stations adjust pump rates following a decline in landing cost. According to reports, marketers are reducing prices in several states and major cities to reflect the lower cost of importing petrol into the country. This development comes as many Nigerians continue to struggle with high living […]
Mark Carney unveils first budget as Canada battles economic strain from US tariffs
Canada’s Finance Minister, Mark Carney, has presented his first national budget as the country faces serious economic pressure caused by tariffs from the United States. The new financial plan aims to support Canadian businesses, protect jobs, and strengthen the economy during this challenging period. In the budget announcement, Carney explained that the government will focus […]
Dangote Reduces Cooking Gas Price To ₦760/kg
In a move that promises relief to millions of Nigerian households, the Dangote Petroleum Refinery has once again reduced the price of Liquefied Petroleum Gas (LPG), commonly known as cooking gas. The refinery announced a new ex-depot price of ₦760 per kilogram, down from ₦810 just last week. This marks the second major price reduction […]
Nigeria now has second-highest number of poor people globally – Former statistician-general of the National Bureau of Statistics Yemi Kale
Former Statistician-General of the National Bureau of Statistics (NBS), Yemi Kale, has expressed concern over Nigeria’s worsening poverty rate. He revealed that the country now ranks as the second-highest in the world with the largest number of poor people. Kale said this reflects the urgent need for stronger policies that address unemployment, inflation, and slow […]
Fuel tax not starting in January 2026 but on a later date – Tax Reform Chairman, Taiwo Oyedele
The Chairman of the Presidential Tax Reform Committee, Taiwo Oyedele, has said that the proposed N500 tax on every N10,000 worth of fuel will not begin in January 2026 as many people believe. He explained that the actual start date will be announced later by the Minister of Finance. Many Nigerians have already condemned the […]
Nigerian govt moves to increase Tinubu, Shettima, Akpabio, others’ salaries
The Nigerian government may soon approve a salary increase for top political office holders, including President Bola Tinubu, Vice President Kashim Shettima, senators, and ministers. This was revealed by the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC). RMAFC Chairman, Mohammed Shehu, explained that the current pay package for political leaders is outdated and no longer […]
Nigerians shouldn’t be swayed solely by negative global statistics about the country’s economy and poverty – Presidency
Many Nigerians have been worried about the economy and rising poverty, especially with global reports painting a gloomy picture. But the Nigerian Presidency says people should not only focus on these negative statistics. According to them, the changes brought by President Tinubu’s government are starting to improve things. Some people have said that life has […]
If Tinubu had truly improved the economy, Nigerians would be the first to testify – Ex-Senate president
Adolphus Wabara, the former Senate President and current Chairman of the PDP Board of Trustees, criticized President Bola Tinubu’s recent statement about improving Nigeria’s economy. He said the comment was unfair to the many Nigerians who are currently facing serious hardship. Wabara explained that if the economy had truly improved, everyday Nigerians would be speaking […]