Topic

Economy

16 stories

NLC
nigeria

NLC Demands Wage Awards as Petrol Price Climbs to N1,430 a Litre

The Nigeria Labour Congress has called on the Federal Government to grant immediate wage increases and boost crude supply to refineries, as rising petrol prices are worsening workers' hardship.

TASSep 19
Hydro Dam
business

Nigeria Wins $2.35bn Arbitration Battle Over Mambilla Hydropower Project

An ICC tribunal in Paris dismissed Sunrise Power's $2.35 billion claim against Nigeria regarding the Mambilla hydropower project, which President Tinubu called the removal of a major legal hurdle.

QAOSep 19
pbat
nigeria

President Tinubu Directs Implementation of Digital Free Zones Initiative, Sets 180-Day Roadmap

President Tinubu has directed the implementation of the Digital Free Zones Initiative, with a roadmap to achieve full execution within 180 days.

TASSep 18
gitex
tech

Lagos Pushes Foreign Tech Investment, Challenges Local Innovators at GITEX

Lagos State used the GITEX Nigeria Tech Expo to court foreign technology companies for engineering hubs and data centres, while urging local innovators to build globally competitive digital solutions.

TASSep 17
fuel
nigeria

Petrol Price Hike Looms as Crude Oil Tops $100 per Barrel

Oil marketers say another petrol price increase is likely after international crude benchmarks surged past $100 a barrel, driven by escalating tension between the US and Iran.

TASSep 11
dangote refinery
opinion

Africa's Biggest IPO Should Not Be Just for the Few

The Dangote Refinery's $1.55 billion share sale is a landmark moment for Nigerian capital markets, but only if ordinary Nigerians can actually get in.

TASSep 6
ngx
business

NGX Closes Week at Record High as Market Cap Hits N159.56trn

The Nigerian Exchange advanced to a fresh record on Friday, with the All-Share Index closing at 246,992.44 points and market capitalisation topping N159.56 trillion.

TASSep 5
dangote refinery
business

SEC Approves Dangote Refinery's $1.55bn IPO, Opens September 14

Nigeria's SEC has cleared Dangote Petroleum Refinery to sell shares at N525 each, setting up what could be Africa's largest-ever public offering.

TASSep 5
Nigerian civil servants
nigeria

Federal Workers Demand N300,000 Minimum Wage in Letter to Tinubu

The Federal Workers Forum urged President Tinubu and the National Assembly to raise the minimum wage from N70,000 to N300,000, citing incomplete implementation of the 2024 wage review.

TASSep 3
CBN gov
business

Nigeria's Diaspora Remittances Hit Record $947m, Nearing CBN's $1bn Target

Formal diaspora remittances into Nigeria climbed to $947 million in July, the highest monthly figure on record, as CBN reforms push the country closer to its $1 billion monthly goal.

TASSep 3
tinubu
opinion

Tinubu vs Governors on Flyovers: Right Message, Mixed Messenger

Tinubu has criticised governors for building "needless flyovers" instead of consolidating reforms. The president is right, but his own record is patchy.

TASAug 29
Nigeria Stocki Exchange
business

24 Firms Control Nearly 75 Percent of Nigeria's Stock Market Value

Just 24 companies now account for almost three-quarters of the Nigerian stock market's total value. The concentration raises concerns about market breadth.

TASAug 20
pbat
business

Tinubu Signs Deep Offshore Oil Incentives Order to Unlock $50 Billion

President Tinubu has signed the Deep Offshore Oil and Gas Projects Incentives Order, 2026. The framework targets $50 billion in investment and prioritizes Nigerian content.

TASAug 12
ghciv
africa

Ghana and Ivory Coast Sign Joint Cocoa Pricing Declaration

The world's top two cocoa producers unite on pricing and sustainability. The agreement could reshape global chocolate supply chains.

TASAug 5
AU Addis Ababa
africa

Kenya Elevated to African Union's Top Budget Contributor Tier

Kenya joins Nigeria and South Africa in the AU's highest funding bracket. The move reflects Nairobi's rising economic stature on the continent.

TASAug 5
world bank
nigeria

World Bank Upgrades Nigeria 2026 Growth Forecast to 4.4%

The World Bank has upgraded Nigeria's 2026 growth forecast to 4.4%, citing reforms and rising oil output.

TASJul 27

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