₦93,000 to Fill a Tank: Nigerians Cry Out as Fuel Prices Deepen Cost-of-Living Crisis
Nigeria’s worsening cost-of-living crisis has taken center stage once again after a viral video showed a woman lamenting the staggering amount she spent to fill…
Category: Economic News
Inside Enugu’s Massive 10,000-Hectare Songhai Farm Project Transforming Agriculture
A large-scale agricultural project in Enugu State is gaining widespread attention following the release of aerial images showcasing the impressive expanse of the Enugu Tribu…
Middle East Crisis Threatens Nigerian Economy, Tinubu Warns of Inflation Surge
President Bola Tinubu has reiterated his administration’s commitment to tackling insecurity across the nation while cautioning Nigerians that the escalating Middle East crisis could trigger a spike…
Cooking Gas Prices in Nigeria Surpass Global Peers Despite Lower Incomes
A recent review of international pricing data has revealed a troubling reality for Nigerian households: the cost of cooking gas in the country is significantly…
DICON-D7G to Establish Nigeria’s First Military Jetty, Creating 7,000 Jobs and Boosting Defence Self-Reliance
Nigeria is set to take a significant step in strengthening its defence infrastructure and industrial capacity, as the Defence Industries Corporation of Nigeria, in partnership with…
Nigeria Spends ₦9 Trillion Importing Petrol
Nigeria’s heavy reliance on imported petroleum products continued throughout 2025, as oil marketers spent a staggering ₦8.96 trillion on the importation of Premium Motor Spirit…
Reps Warn of Looming Fuel Scarcity and Price Surge Amid Crude Supply Challenges
Fresh concerns have emerged over Nigeria’s fuel supply outlook, as the House of Representatives Committee on Petroleum Resources (Downstream) warns of an imminent petrol scarcity…
Rice Industry in Crisis as Import Surge Forces Closure of 90 Mills Across Nigeria
Nigeria’s rice industry, once considered a major pillar of the country’s agricultural diversification strategy, is now facing a serious crisis as rising importation and smuggling…
Kunle Afolayan Raises Alarm Over Energy Costs, Says He Spent ₦11 Million on Diesel in One Month
Renowned Nigerian filmmaker Kunle Afolayan has voiced deep concern about the rising cost of diesel in Nigeria, revealing that he recently spent approximately ₦11 million…
Tinubu Appoints Taiwo Oyedele as Minister of State for Finance, Moves Doris Uzoka-Anite to Budget Ministry
President Bola Ahmed Tinubu has appointed renowned economist and tax policy expert Taiwo Oyedele as the new Minister of State for Finance, marking a fresh adjustment in Nigeria’s economic…