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Business & Economy
Nigeria, Others Face Revenue Crunch As Foreign Aid Shrinks – IMF
Nigeria and other developing nations are facing an increasing financial crisis as revenue from the production of natural resources decreases and help from wealthier countries wanes.…
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Nigeria’s GDP Outpaces Population Growth, Signals Early Poverty Reduction – Quartus Economics
43Nigeria’s economy is showing early signs of a turnaround, with output now growing faster than population growth – a development that could herald the beginning of sustained poverty…
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US–Iran War Costs Hit $25 Billion as Oil Prices Surge to $119
The cost of the United States’ ongoing military campaign against Iran has reached an estimated $25 billion, highlighting the scale of the escalating conflict between the two countries.…
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CBN’s Proposed N1,500 ATM Card Fee Triggers Nationwide Reactions
The Central Bank of Nigeria wants to raise the fee for issuing Automated Teller Machine cards from N1000 to N1500. This has caused a lot of problems for both economists and bank…
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IEA Warns Nations Will Suffer After Collapse of US–Iran Peace Talks
Fatih Birol, the head of the International Energy Agency (IEA), has said that if the conflict in the Middle East and the closure of the Strait of Hormuz continue, countries will suffer.…
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IMF/World Bank Meetings, Inflation Data Top Key Business Events This Week
The International Monetary Fund (IMF) and World Bank spring meetings 2026 will take place in Washington, D.C., United States, from April 13 to April 18.
The yearly meeting brings…
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CBN Responds to Okoya’s Reported Plan to Acquire Polaris Bank
The Central Bank of Nigeria (CBN) has denied rumors that billionaire businessman Razaq Okoya is about to buy Polaris Bank after a supposed liquidation process.
A viral post on 𝕏 said…
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Mass Layoffs: NLC Halts AEDC Operations in Abuja and Three Other States
The Abuja Electricity Distribution offices in Abuja, Kogi, Nasarawa, and Niger have been closed by the Nigeria Labour Congress due to the widespread termination of more than 900…
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CPPE Hails CBN Recapitalisation, Calls for Increased Real Sector Lending
The Central Bank of Nigeria (CBN) has received praise from the Center for the Promotion of Private Enterprise (CPPE) for carrying out the bank recapitalization program successfully.…
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Fuel Price Cut by Dangote Refinery Brings Relief to Nigerians Nationwide
Following Dangote Refinery's proposed fuel decrease to N1,200 per liter, petrol prices are anticipated to drop nationally starting on Friday, providing Nigerians with some much-needed…
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