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Category: Economy

Business Economy headline

Tinubu increases 2025 Budget to ₦54.2tn

Iheanyi Ejiofor February 5, 2025 No Comments #Budget 2025

Our reporter/ President Bola Tinubu has raised the proposed 2025 budget from ₦49.7 trillion to ₦54.2 trillion, citing additional revenues generated by key government agencies. The President conveyed the budget…

Read More Tinubu increases 2025 Budget to ₦54.2tn
Business Economy headline

Naira depreciates by 1.4% amid CBN’s extension of FX sales deadline

Iheanyi Ejiofor February 4, 2025 No Comments #CBN #Naira #depreciation #FX deadline

The naira depreciated on Monday’s official market, trading N1,495.60 to a dollar. Data from the FMDQ Security Exchange official forex trading platform revealed that the naira lost N20.82. This represents…

Read More Naira depreciates by 1.4% amid CBN’s extension of FX sales deadline
Business Economy headline

Nigeria generated $831.14bn from oil & gas in 24 years – NEITI 

Iheanyi Ejiofor February 4, 2025 No Comments #NEITI

The Nigeria Extractive Industries Transparency Initiative (NEITI) has stated that Nigeria generated over 831.14 billion dollars in revenue from the oil and gas sector between 1999 and 2023. NEITI’s Executive…

Read More Nigeria generated $831.14bn from oil & gas in 24 years – NEITI 
Business Economy headline

NLC suspends proposed protest over telecom tariff hike

Iheanyi Ejiofor February 4, 2025 No Comments #NLC #Telcos #tariff hike #Strike

Our reporter/ The Nigeria Labour Congress (NLC) on Monday announced the suspension of its proposed protest over the 50 per cent increase in telecommunication tariff. The decision was taken after…

Read More NLC suspends proposed protest over telecom tariff hike
Business Economy headline

Trade War: Canada, Mexico announce retaliatory tariffs on US imports

Iheanyi Ejiofor February 2, 2025 No Comments #Trade war #Tariffs #Mexico #Canada #Trump

Canada and Mexico each announced tariffs on U.S. imports on Saturday in retaliation for U.S. President Donald Trump placing tariffs on the two countries. Trump had signed an executive order authorizing a…

Read More Trade War: Canada, Mexico announce retaliatory tariffs on US imports

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