Motorists in parts of Nigeria’s capital have encountered closed pumps and empty forecourts at several MRS filling stations after a week-long disruption in petrol supply, highlighting the immediate effects of recent changes in the country’s downstream petroleum market. Field observations by LMSINT MEDIA indicate that multiple MRS retail outlets across Abuja and surrounding areas have […]
Nigeria’s Economic Policies Should Be Measured by Citizens’ Well-Being, Emir Says The Emir of Kano, Muhammadu Sanusi II, has called on Nigerian policymakers to place the welfare of citizens at the centre of national economic decision-making, stressing that the success of any policy should be determined by its ability to reduce poverty and improve living […]
Kindly Share:
For years, successive government interventions have sought to restore free movement along Lagos’ Apapa and Kirikiri corridors. Yet, long queues of petroleum tankers continue to dominate the roads, slowing commercial activities, delaying cargo movement, and leaving commuters trapped in hours of traffic. Industry stakeholders say the recurring congestion is no longer simply a traffic management […]
Kindly Share:
The Director General of Relax, Tinubu Is Fixing Nigeria (RTIFN), Ahmed Bala, has appealed to Nigerians to look beyond political interpretations of Senator Oluremi Tinubu’s recent remarks on small-scale businesses, describing them as a message about entrepreneurship, dignity of labour and personal responsibility. The First Lady’s comments became a subject of public discussion after she […]
Kindly Share:
Nigerian Singer Madrina Speaks on Economic Crisis and Fuel Subsidy Removal Nigerian singer Cynthia Morgan, now known as Madrina, has voiced her concerns over the worsening economic crisis in Nigeria. In a recent TikTok video, she urged President Bola Ahmed Tinubu to take urgent steps to mitigate the hardship caused by the removal of the […]
Kindly Share:
The New Partnership for Africa’s Development Business Group Nigeria (NBGN) has embarked on a strategic rebranding initiative aimed at accelerating Nigeria’s economic development and fostering sustainable business growth. NBGN’s Renewed Commitment to Economic Development In a statement released to Vanguard, Bashorun Randle, Chairman of NBGN, highlighted the organization’s longstanding role in promoting economic advancement, regional […]
Kindly Share:
The Central Bank of Nigeria (CBN) has officially appointed 16 new directors to oversee critical departments, effective March 3. This strategic move aims to enhance the bank’s regulatory, supervisory, and policy-driven functions, ensuring improved efficiency in the nation’s financial system. CBN’s Newly Appointed Directors and Their Departments The newly appointed directors and their respective departments […]
Kindly Share:
Telecom Employees Union Criticizes 50% Telecom Tariff Increase The National Union of Postal and Telecommunication Employees (NUPTE) has strongly condemned the recent 50% hike in telecom tariffs, expressing concerns over its negative impact on Nigerian students and the broader economy. In an official statement, NUPTE President, Comrade Buba Nehemiah, labeled the tariff increase as harmful […]
Kindly Share:
Central banks play a pivotal role in stabilizing a nation’s currency and economy through the implementation of monetary policies. However, their actions are often misunderstood, especially during times of economic challenges. According to PwC, it is crucial for central banks to communicate their objectives clearly and effectively to foster a proper understanding and positive public […]
Kindly Share:
Discover how the National Institute of Credit Administration (NICA) is launching the Nigeria Credit Economic Forum (NCEF) to drive a robust credit-based economy in Nigeria. The National Institute of Credit Administration (NICA), a chartered body committed to advancing Nigeria’s credit system, is set to officially unveil the Nigeria Credit Economic Forum (NCEF). This groundbreaking initiative […]
Kindly Share:
Discover the implications of Nigeria joining BRICS, including economic growth, foreign investments, and enhanced global influence. Explore benefits and challenges in this new partnership. Nigeria has officially joined BRICS as a partner country, marking a significant milestone for one of Africa’s largest economies. This inclusion integrates Nigeria into a dynamic coalition of emerging market nations, […]
Kindly Share:
Learn how the National Bureau of Statistics (NBS) plans to include hidden and illegal activities in Nigeria’s GDP calculations, enhancing economic accuracy and transparency. The National Bureau of Statistics (NBS) recently announced its decision to include illegal and informal activities, such as prostitution and drug trafficking, in the computation of Nigeria’s Gross Domestic Product (GDP). […]
Kindly Share:
Vice President Kashim Shettima has assured Nigerians that brighter days are ahead, as the nation’s economy is poised for significant growth in 2025. In a statement shared via a video on X (formerly Twitter) by President Bola Tinubu’s Special Assistant on Social Media, Dada Olusegun, Shettima emphasized the government’s commitment to tackling economic challenges through […]
