As feared, Nigeria witnessed bloodshed, destruction of properties and looting on Day 1 of the #EndBadGovernanceInNigeria nationwide protest. As the day winds down, The Nigerian Economy brings you comprehensive reports …
Bola Tinubu
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Former vice president Atiku Abubakar has reacted to the nationwide mass protest planned by Nigerian youths to take place on August 1, 2024. Commenting on the #Endbadgovernance protest via his …
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President Bola Tinubu has approved a N70,000 minimum wage for Nigerian workers with a promise to review the national minimum wage law every three years. A statement by Bayo Onanuga, …
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MONEY MARKETNEWS & PUBLIC ECONOMY
Why Tinubu seeks additional N6.2trn to 2024 budget; NASS hurriedly approves
by The Economyby The EconomyThe Senate and the House of Representatives have hurriedly approved request by President Bola Tinubu to inject N6.2 trillion into the country’s 2024 budget raising the budget to N33.7 trillion …
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After several weeks of expectation, President Bola Tinubu has suspended payment of tariffs on imported grains and its semi-finished foods into Nigeria for five months. The Nigerian Economy reports that …
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NEWS & PUBLIC ECONOMY
I’m now benefitting from the democracy I midwifed — Tinubu’s Democracy Day speech
by The Economyby The EconomyPresident Bola Tinubu in his democracy day speech reminds Nigerians the role he played in fighting for the country’s democracy during the military regimes and says he’s now a beneficiary of …
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After reporting a whopping N61.9 billion annual loss, Guinness Plc says it is winding up operations in preparation to leave Nigeria. Following the uncontrollable inflation in Nigeria occasioned by the …
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NEWS & PUBLIC ECONOMYSHIPPING & TRADE
Inflation: Nigeria to suspend import duty, VAT on foods, agric inputs, others
In a desperate move to further check hyper-inflation in the country, the Nigerian government is considering suspension of import duties and value added tax (VAT) on staple foods, drugs, agricultural …
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President Bola Tinubu will commission the much anticipated Funtua Inland Dry Port in Katsina tomorrow. Funtua Inland Port is built through a public-private partnership (PPP) propelled by the Nigerian Shippers’ …
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Global leader in seaport business, AP Moller-Maersk plans to invest $600 million in its port in Nigeria. Chairman of A.P Moller-Maersk, Mr. Robert Maersk Uggla, disclosed the decision during a …