Economy Archives

Vice President Kashim Shettima chairs a meeting of the National Economic Council.

Business News

Nigeria’s National Economic Council Approves 90-Day Plan to Lower Living Costs

The National Economic Council has backed a new plan aimed at reducing living costs and improving food access for Nigerians.

Dr. John Momoh speaking at a public lecture in Yola, Adamawa State.

News Politics

John Momoh Urges Unity Among Political Parties Ahead of Nigeria’s 2027 Elections

As the 2027 elections approach, John Momoh calls for unity and responsible dialogue among political parties.

Defence Minister Christopher Musa speaking at a conference

News

Defence Minister Says Military Efforts Are Improving Nigeria’s Security

The Defence Minister assures that military operations are helping to stabilize Nigeria’s economy and security.

French Ministry of Economy and Finance building in Paris

Business News

French Bond Yields Rise Above 5% Amid Economic Concerns

The yield on French government bonds has surpassed 5% for the first time in over two decades.

A busy Nigerian port with shipping containers.

Business News

Nigerian Business Groups Push for UAE Investments in Key Sectors

The Abuja Chamber of Commerce and the Association of Small Business Owners call for UAE investment in ports and manufacturing.

Business News

Amazon Plans €16 Billion Investment in Germany, Focusing on AI and Infrastructure

Amazon will invest over €16 billion in Germany next year, enhancing AI and cloud services.

Colombo Port, Sri Lanka, where the logistics hub project was planned.

Business News

China Withdraws from $392 Million Sri Lanka Port Project Amid Economic Concerns

A Chinese firm has pulled out of a significant logistics hub project at Colombo Port, with Sri Lanka seeking new investors.

Paul Alaje speaking about economic policies for the 2027 Nigerian election.

News Politics

Economist Urges Nigerians to Choose Candidates Who Boost Purchasing Power in 2027 Election

Paul Alaje advises voters to focus on candidates who can improve living costs and essential services.

Business News

Nigeria’s Manufacturing Activity Drops 10% Amid Cement Sector Decline

The manufacturing index in Nigeria fell significantly in September 2026, largely due to issues in the cement sector.

Olayemi Cardoso speaking at a press conference

Business News

Central Bank Governor Calls for Stronger Collaboration Between Government and Private Sector

Olayemi Cardoso emphasizes the need for cooperation to boost Nigeria’s economy during World Bank meetings.

A view of Nigeria's bustling economy and urban landscape.

Business News

Nigeria Aims for 7% Economic Growth Amid Changing Challenges

The Nigerian government sets a target for economic growth while addressing new pressures.

News Politics

Former Military Leader Supports Tinubu’s Economic Reforms Despite Hardships

Retired Major General Adeniyi Oyebade backs President Tinubu’s reforms as vital for Nigeria’s economy.

Bayo Onanuga speaking about Nigeria's economy

News Politics

Onanuga Defends Tinubu’s Economic Policies, Cites Support from 33 Governors

Bayo Onanuga highlights economic improvements and support for President Tinubu from governors.

Donald Duke speaking during an interview.

News Politics

Donald Duke Claims Nigeria Spends More on Oil Security Than Production Costs

Presidential candidate Donald Duke argues that high security expenses are driving up petrol prices in Nigeria.

Zakari Mohammed speaking to journalists about his plans for Kwara State.

News Politics

Kwara ADC Gubernatorial Candidate Promises Economic Change by 2027

Zakari Mohammed aims to boost agriculture and job creation in Kwara State if elected.

Political debate on Nigeria's economic issues.

News Politics

Political Spokespersons Clash Over Nigeria’s Economic Challenges Ahead of 2027 Elections

Two party representatives exchange sharp criticisms regarding Nigeria’s economic situation and leadership.

Olayemi Cardoso speaking at an economic forum.

Business News

Nigerian Central Bank Governor Defends Economic Reforms as Inflation Drops

Olayemi Cardoso explains how recent reforms helped lower inflation from over 30% to around 15%.

Nigerian citizens preparing for the upcoming elections.

News Politics

Nigeria Prepares for 2027 Elections Amid Legal Disputes and Economic Challenges

As Nigeria gears up for the 2027 elections, legal battles and economic issues are at the forefront.

Minister of Finance Taiwo Oyedele speaking at a meeting.

Business News

Nigeria Criticizes International Credit Ratings for High Borrowing Costs

The Nigerian government argues that credit ratings do not reflect economic improvements, raising borrowing costs.

Saudi Arabia's skyline with oil refineries in the background.

Business News

Saudi Arabia’s Economy Expected to Shrink Amid Ongoing Conflict

The International Monetary Fund warns of a 3.3% contraction in Saudi Arabia’s economy due to escalating attacks.