Tag: Nigeria Economy
Nigeria’s Domestic Borrowing Rises to N24.7 Trillion
ABUJA, Nigeria — Nigeria’s federal government raised N24.7 trillion from the domestic market in the first eight months of 2026, almost twice the amount...
Nigeria Approves Higher Pensionable Pay for Military Personnel
ABUJA, Nigeria — Nigeria has introduced a new pensionable salary structure for members of the armed forces, increasing retirement related earnings for personnel across...
Federal Workers Forum Seeks N300,000 Minimum Wage as Cost-of-Living Pressure Persists
ABUJA, Nigeria — A group representing federal civil servants has asked President Bola Tinubu and Nigeria’s National Assembly to raise the minimum wage from...
Fuel Subsidy Battle Intensifies as APC, ADC Clash Over Trillions
Nigeria’s long running argument over fuel subsidies has returned to the centre of national politics, with the ruling All Progressives Congress defending President Bola...
Kaduna Says N6.7 Billion Monthly Debt Payments on Inherited Loans Will...
KADUNA, Nigeria — Kaduna State Gov. Uba Sani says his administration is paying 6.7 billion naira every month from federal revenue allocations to service...
Dangote Refinery Targets Record $5 Billion IPO
Dangote Petroleum Refinery is preparing for an initial public offering that could raise about 5 billion dollars, a move that could become the largest...
Atiku Vows to Restore Petrol Subsidy if Elected
Former Vice President Atiku Abubakar has promised to restore Nigeria’s petrol subsidy if he wins the 2027 presidential election, putting fuel prices and the...
Dangote Refinery Plans IPO to Give Nigerians Chance to Buy Shares
LAGOS, Nigeria — Nigerians could soon have the chance to own a piece of one of the country's biggest industrial projects as Dangote Petroleum...
Nigeria Economy Shows Stronger Growth as Reforms Bring Short Term Pain
ABUJA, Nigeria — Nigeria’s economy is showing signs of stronger and more stable growth following a series of major government reforms, officials and international...
Dangote Refinery Becomes Europe’s Top Jet Fuel Supplier
Nigeria's Dangote Petroleum Refinery is strengthening the country's position in the international energy market after becoming Europe's largest external supplier of jet fuel for...
