Economic

Latest Economic News

FG Approves $1bn for Lagos Ports Upgrade

The Federal Government has approved $1 billion (₦1.4 trillion) to modernise the

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Senate Seeks Greater Transparency in Public Procurement

The Senate has renewed its call for transparency and strict adherence to

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EEDC Cancels Planned 10-Day Power Outage in Enugu

The Enugu Electricity Distribution Company (EEDC) has cancelled the 10-day power outage

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Reps Move to Cap Rent Increases at 20% Nationwide

The House of Representatives has moved to check arbitrary rent hikes across

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Tinubu Launches Digital Innovation Hub, Assures Nigerians of Economic Recovery

President Bola Tinubu has assured Nigerians that the ongoing economic reforms will

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FG Sets Uniform Housing Prices, One-Bedroom at N8.5m

The Federal Government has pegged the price of a one-bedroom semi-detached bungalow

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Lafarge Africa’s Profit Soars Fourfold on Strong Cement Sales Growth

Lafarge Africa Plc has announced a 246 percent increase in profit after

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Nigeria Secures $8 Billion in Energy Investments Amid Economic Reforms and Renewed Investor Confidence

Nigeria has attracted over $8 billion in new energy investments, signaling renewed

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Tony Elumelu Calls for Stable Policies to Boost Investor Confidence in Africa

Tony Elumelu, Chairman of Heirs Holdings, United Bank for Africa (UBA), and

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Investors Unimpressed by Nigeria’s New Capital Gains Tax Reforms

International investors have expressed disappointment after a virtual call with Taiwo Oyedele,

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