Tag: Nigerian Economy
Nigeria Secures Chinese Commitments to Accelerate Major Electricity Projects
ABUJA, Nigeria — Nigeria has secured fresh commitments from Chinese engineering companies and financial institutions to accelerate major electricity projects as the government seeks...
Tinubu Approves New Pension Structure for Nigerian Armed Forces
ABUJA, Nigeria — President Bola Tinubu has approved a revised pension structure for members of the Nigerian Armed Forces, covering personnel across the Army,...
Uber Exits Nigeria After 12 Years, Ending A Major Chapter In...
Uber has ended its ride-hailing operations in Nigeria, bringing its 12-year presence in Africa’s most populous country to a close. The U.S.-based company said...
Dangote Refinery Considers Restricting Petrol Sales to Fuel Importers
Dangote Petroleum Refinery is considering restricting petrol sales to major marketers that continue to import fuel, a move that could deepen the debate over...
Emzor Raises ₦26.7 Billion Bond to Expand Local Drug Manufacturing in...
Nigerian pharmaceutical manufacturer Emzor Pharmaceutical Industries Ltd. has raised ₦26.7 billion ($18.9 million) through a bond issuance to strengthen its manufacturing capacity, as the...
Naira Opens New Week Near N1,337 to Dollar as Nigeria’s Foreign...
LAGOS, Nigeria — Nigeria’s naira is entering the new trading week near N1,337 to the U.S. dollar after strengthening in the official foreign exchange...
2027: Peter Obi Opposes Atiku’s Plan to Restore Fuel Subsidy
Peter Obi has rejected Atiku Abubakar’s proposal to restore petrol subsidies if elected president in 2027, opening a clear policy divide between two of...
Tinubu’s 2027 Reelection Campaign Begins as APC Faces Economic and Security...
Nigeria’s 2027 presidential campaign officially got underway Wednesday, putting President Bola Tinubu’s bid for a second term firmly at the center of the country’s...
Tinubu Says Security, Economic Reforms Will Bring Prosperity
President Bola Tinubu has said his administration is restructuring Nigeria's security institutions and implementing economic reforms that he believes will deliver long-term prosperity, despite...
Nigeria’s Economy Faces Fresh Threat from Iran-US Crisis
Rising tensions involving Iran and the United States are beginning to create fresh concerns for Nigeria's economy, with economists and industry experts warning that...
