Economy

A time will come when Nigerians will be happy and thank my administration for making tough decisions — Pres. Tinubu President Bola Tinubu has said a time will come when Nigerians will appreciate his administration for taking tough policies. Speaking at an APC event in Lagos on Saturday, October 5, …

Nigeria’s local currency, the naira, has been ranked among the 10 worst-performing currencies in the world, according to a report by Bloomberg. The report highlights that five of the worst-performing currencies globally are from Africa, including the Zambian kwacha, Angolan kwanza, and the naira. The decline in the performance of …

Hardship:” I understand that we are hungry, but no free beer parlour anymore” Tinubu tells Nigerians. President Bola Tinubu has called on Nigerians to remain patient despite the high cost of living, stating that the country can no longer expect “a free bowl” without addressing its economic challenges The President …

President Bola Tinubu has reassured Nigerians that his administration’s primary focus is on driving real change in areas like infrastructure, food and energy security, education, and economic stability, rather than personal gain. Speaking during a meeting with the Forum of Former Presiding Officers of the National Assembly, led by former …

‘VAT and Fuel price hikes will worsen Cost-Of-Living in Nigeria- Atiku warns FG Former Vice President Atiku Abubakar has condemned plans by the federal government to increase Value Added Tax, saying it will worsen the cost of living crisis amongst Nigerians. In a statement released on social media on Sunday, …

South African President Cyril Ramaphosa said on Thursday that he did not believe Chinese investments in Africa were pushing the continent into a “debt trap” but were instead part of a mutually beneficial relationship.   South African President Cyril Ramaphosa said on Thursday that he did not believe Chinese investments …

The Nigeria Labour Congress (NLC) has accused President Bola Tinubu of betraying the labour movement and Nigerians at large following the recent hike in petrol prices and the scarcity of the product across the country.   NLC President Joe Ajaero, speaking on Tuesday, described the situation as “traumatic and nightmarish,” …

The Federal Government has withdrawn the circular directing civil servants to register for the purchase of N50kg bag of rice at a subsidised rate of N40,000. The withdrawal of the circular was communicated in another circular by the Director of Human Resources at the Ministry of Special Duties and Inter-Governmental …

The Federal Government has established centers nationwide where Nigerians can purchase a 50kg bag of rice for N40,000. Mohammed Idris, the Minister of Information and National Orientation, revealed this initiative following a Federal Executive Council meeting led by President Bola Tinubu at the State House in Abuja. Idris explained that …

President Bola Tinubu may sign the Minimum Wage Bill into law next week, following the passage of the bill by the National Assembly.   Multiple sources within the National Assembly revealed that the bill was finalized on Wednesday and transmitted to the President on Thursday (yesterday) after its expeditious passage …