Fuel Subsidy Will Not Return, Oyedele Insists
Finance Minister Taiwo Oyedele confirms the Presidency will not reinstate fuel subsidy, citing economic distortions and market self-regulation.
Category : Economy
Reps Spokesperson Backs Oyedele on Capital Projects
Philip Agbese expresses confidence in Finance Minister Taiwo Oyedele to improve fiscal management and address capital project delays in Nigeria.
Shettima: Tinubu Reforms Rebuilding State Economies
Vice President Shettima says Tinubu's economic reforms empower states as growth centres through fiscal reforms, energy liberalization, and tax changes, boosting investor confidence.
Maritime Trade Boom Not Reflected in GDP, Oyeyemi
Dr. Boboye Oyeyemi says Nigeria's maritime trade boom is not reflected in GDP due to informal transactions, calling for policy reforms to formalize trade and boost economic growth.
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Dangote Refinery Denies PMS Price Hike, Says Price Stable
Dangote Refinery refutes claims of increasing PMS ex-depot price to ₦1,350, confirming it remains at ₦1,275 per litre to support market stability.
Petrol Depot Prices Hit N1,350 After Dangote Hike
Dangote Refinery raises petrol price to N1,350 per litre, prompting marketers to adjust depot prices amid global crude oil decline and market volatility.
Naira Falls to N1,366.56 as Dollar Demand Surges
The naira depreciated to N1,366.56 per dollar amid rising foreign payment demands and reduced CBN interventions, as banks like Access, UBA, and Zenith quoted higher exchange rates.
Nigeria Passport Rises to 89th, Visa-Free Access Drops
Nigeria's passport climbs six places to 89th on Henley Index, but visa-free destinations drop from 46 to 44, reflecting mixed travel mobility for citizens.
MMA2 Settlement Shows Need for Stronger PPP Reforms
The MMA2 settlement ends a 20-year dispute but reveals weaknesses in Nigeria's PPP framework. Reforms needed for contract discipline, dispute prevention, and institutional enforcement.
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Cartoon: Nigeria's Economic Challenges and Government Response
A cartoon highlights Nigeria's economic struggles, including inflation and unemployment, and critiques the government's response. It calls for effective policies.
Revenue Gap Widens as DisCos Fail to Collect N45.61bn
Nigeria's electricity distribution companies recorded a N45.61 billion revenue shortfall in February 2026, with collection efficiency at 81.17 percent, highlighting persistent sector inefficiencies.
FG Rules Out Return of Fuel Subsidy, Cites Economic Harm
Nigeria's Finance Minister Taiwo Oyedele reaffirms the government's decision not to reinstate fuel subsidy, citing economic damage and market principles.
Nigerian Graduate: Fewer Than 10 of 50 Classmates Married Since 2015
A Nigerian man who graduated in 2015 reveals that out of 50 male classmates, fewer than 10 have married, blaming economic hardship and high living costs.
First Russian oil arrives in Japan since Iran war
Japan receives its first Russian oil shipment since the Strait of Hormuz closure disrupted global supplies amid the Iran war. The crude from Sakhalin-2 will be refined into gasoline and naphtha.
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Naira Breaks 3-Year April Curse, Gains Against Dollar
The naira strengthened in April 2026, closing at N1,374/$ for the first gain in three years, driven by CBN policies and higher foreign inflows.
ITUC Africa demands end to inequality, pushes industrialisation
ITUC-Africa calls for end to inequality, industrialisation, and anti-corruption measures in Africa, warning against austerity and conflict exploitation.
Why Strategy Execution Fails: 5 Invisible Tolls Undermining Leadership
Discover the 5 invisible tolls of leadership that quietly undermine strategy execution. Learn how physical fatigue, emotional drain, and relationship strain impact performance.
TUC: Workers Bear Brunt of Higher Fuel Costs, Global Shocks
The Trade Union Congress (TUC) warns that workers face worsening hardship due to fuel costs, global tensions, insecurity, and power sector inefficiencies, urging government action.
APC Chair Yilwatda Champions Economic Renewal for North
APC National Chairman Prof. Nentawe Yilwatda reaffirms President Tinubu's strategic investments to transform Northern Nigeria into an economic powerhouse for West and Central Africa.
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Revenue Reform or Risk: Nigeria's Digital Champion at Stake
Nigeria's RevOP reform risks undermining the TSA-Remita payment system. A call for integration, not displacement, to protect national financial infrastructure.
States Paying Above, Below N70,000 Minimum Wage in Nigeria
Two years after the N70,000 minimum wage law, states like Imo pay N104,000, while others remain at the benchmark or below. Full list emerges.
Lady Reveals DStv Called Her With Promo Offer After She Abandoned
A young lady shared how DStv contacted her with a promotional offer after she stopped using the service due to price hikes, sparking online reactions.
Top 10 Cheapest Petrol Depots in Nigeria Amid Rising PMS Prices
Lagos remains cheapest petrol market in Nigeria, with Aiteo, Ascon, Bono, Nipco at ₦1204. Warri sees highest volatility, with ₦131 price gap. Late-April surge signals ongoing pressure.
Atiku Slams FG Over Declining Reserves Despite N5tr Oil Windfall
Atiku Abubakar criticizes the FG for poor economic management as external reserves drop to $48.45bn despite a N5tr oil windfall, warning of unsustainable naira support.
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Alaafin, Stakeholders Hail Tegbe's Nomination as Power Minister
President Tinubu nominates Joseph Tegbe as Minister of Power, earning praise from the Alaafin of Oyo and stakeholders for his reform-driven credentials.
Cowry Asset Warns of Slower Growth in Nigeria's Economy
Cowry Asset Management warns of cautious optimism as Nigeria's PMI falls below 50 for first time in 16 months, signaling slower growth and potential contraction.
Nigeria's Economic Woes in New Cartoon
A recent cartoon depicts Nigeria's struggling economy, with citizens facing high costs and low purchasing power amid policy changes.
Anatomy of Reform (5): Solvency Signal, Debt Rebalancing
Analysis of Nigeria's solvency signal through securitisation of Ways and Means, its impact on debt management, and the crowding out effect on the real sector.
Nigeria's PMI Rises to 52.4 in April Amid Inflation Worries
Nigeria's private sector PMI rose to 52.4 in April, marking third month of growth, but escalating fuel costs and inflation pressures persist, limiting expansion.
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Fasua: Structural Gaps Persist Despite Reform Gains
Dr Tope Fasua says Nigeria's economic reforms show gains but warns structural gaps remain, urging deeper transformation for long-term success.
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