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Economy

It’s always about the economy, stupid…

Business

Bitcoin Breaks Records Again Amid Political Tailwinds: Is Now the Time to Invest?

Manny Akpan | Business & Economy Editor -
NEW YORK, USA - Bitcoin, the world’s first and most recognised cryptocurrency, has shattered records in 2024, driven by groundbreaking regulatory developments and a...
Economy

New ICC Report Warns of $2 Trillions in Climate-Driven Damages as COP29 Begins

Idoreyin Sampson | Sub-Editor -
PARIS, France - In the wake of two recent destructive storms, Hurricane Helene and Hurricane Milton, which have inflicted between $51.5 billion and $81.5...
Economy

Fuel Scarcity Looms as Labour Unions Threaten Nationwide Strike in Nigeria

Manny Akpan | Business & Economy Editor -
ABUJA, Nigeria – Nigeria is on the brink of another wave of fuel scarcity as the Nigeria Labour Congress, NLC, has vowed to support...
Economy

Nigeria’s Presidency Assures Northern Governors on Tinubu’s Tax Reforms

Abdul Jummai | Politics Reporter -
ABUJA, Nigeria—Nigeria's Federal Government has reassured governors from 19 northern states that the proposed tax reforms, currently before the National Assembly, will benefit all...
Business

Nigerian Banks Lost N42.6 Billion to Fraud in Q2 2024, Says AMMBAN

Manny Akpan | Business & Economy Editor -
BENIN CITY, Nigeria — Nigerian banks lost a staggering N42.6 billion to fraud in the second quarter of 2024, according to the Association of...
Economy

Blue Economy: Bayelsa Governor Seeks Federal Support to Develop Agge Deep Seaport

Kenneth Ebelemi | Sub Editor -
ABUJA, Nigeria — Bayelsa State Governor, Senator Douye Diri, has called on the Federal Government to collaborate with his administration in the development of...
Economy

Lagos Government Increases Minimum Wage to N85,000

Ekamma Jacobs | Staff Reporter -
LAGOS, Nigeria — Lagos State Governor Babajide Sanwo-Olu has announced a significant increase in the state's minimum wage, raising it to N85,000. The governor made...
Economy

Nigeria’s Inflation Rate Rises to 32.7% in September, Breaking 2-Month Decline

Manny Akpan | Business & Economy Editor -
ABUJA, Nigeria — Nigeria's annual inflation rate increased in September, marking the end of a two-month streak of declining inflation. The National Bureau of Statistics...
Economy

ActionAid Nigeria Rebukes World Bank’s Endorsement of Tinubu’s ‘T-Pain’ Reforms

Manny Akpan | Business & Economy Editor -
ABUJA, Nigeria — ActionAid Nigeria has strongly condemned recent comments made by World Bank Senior Vice President and Chief Economist Indermit Gill, calling his...
Economy

Over One Million Nigerians Facing Extreme Hunger over Food Security Crisis – World Bank

Manny Akpan | Business & Economy Editor -
ABUJA, Nigeria — Nigeria is grappling with a deepening food security crisis, with over one million more people falling into severe food insecurity in...
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