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Business
Naira’s Steep Fall By 38.9%, Threatens Businesses and Jobs
Naira experiences a drastic 38.9% fall against the US dollar, businesses face a looming threat of downsizing and increased unemployment. Despite government efforts, the naira's…
Saudi Arabia’s Oil Dependency Plan
As many developed countries embrace clean energy, an undercover investigation has revealed Saudi Arabia’s plans to drive up the use of fossil fuel-powered cars, buses and planes in…
Tinubu Presents Budget, FEC Approves $1B Loan
President Bola Tinubu will on Wednesday present the 2024 Appropriation Bill to a joint session of the National Assembly.
Further Drop in Oil Prices as OPEC Meeting Faces Delay
Oil prices recorded more loss on Thursday, after OPEC announced the shock delay of a key policy meeting, suggesting fresh upheaval in the bloc, while equities were mixed after two…
OPEC+ Postpones Key Meeting to November 30
The OPEC+ alliance has rescheduled its vital policy meeting in Vienna from November 25-26 to Thursday, November 30, 2023.
$35 Billion Needed to Revamp Nigeria’s Roads
Minister of Works, David Umahi, unveils a transformative plan to rejuvenate Nigeria's roads with a $35 billion investment, aiming to construct durable concrete roads nationwide.
CSO laments Nigeria’s rising debt profile
A civil society organisation, the African Network for Environment and Economic Justice, on Tuesday, lamented the rising debt profile of Nigeria and some West African countries.
Nigeria’s Transport Inflation Drops After 2-Year High
Nigeria experiences a rare decline in transport inflation, offering a glimmer of stability amid economic challenges. Despite a 27.33% overall inflation high, the dip in transport…
Sanusi Exposes CBN’s Role in Naira Decline
Former Emir of Kano, Muhammad Sanusi, sheds light on the Central Bank of Nigeria's impact on the Naira's depreciation, citing aggressive lending to the government and tightening…
World Food Prices Dips 0.8% in October
UN Food and Agriculture Organization (FAO) report reveals a mixed bag of global food prices in October. While overall prices dipped slightly, dairy products saw an unexpected rise