Economy

Controversy Surrounds Sanwo-Olu’s Purchase of N3.75bn Perfume and Rechargeable Fans

Lagos State Governor, Babajide Sanwo-Olu, is facing intense criticism following the approval of N7.5 million for the replacement of liquid fragrance in his office...

Minister: Nigeria Shouldn’t Depend on Borrowing for 2024 Budget

Nigeria's Minister of Finance and Coordinating Minister for the Economy, Mr. Wale Edun, has stated that Nigeria cannot rely on borrowing to fund the...

Nigeria: Makinde Praises Obi’s Exemplary Conduct, Advocates for Nationwide Restructuring

Oyo State Governor Seyi Makinde recently praised the exemplary conduct of Mr. Peter Obi, the former presidential candidate of the Labour Party. Makinde commended...

Massive Disruption as Nationwide Maritime Workers’ Strike Grips Lagos Ports

Economic activities at the critical Lagos Ports have been brought to a standstill as maritime workers across the country embarked on a nationwide strike....

Nigeria’s Crude Oil Production Reaches 1.35 Million Barrels Per Day, Still Below OPEC Quota

In 2023, Nigeria achieved its highest crude oil production level this year, reaching 1.35 million barrels per day (mbpd). This represents a 14% increase...

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