Economy Archives - Page 2 of 2

The Economics of Removing Fuel Subsidy in Nigeria: A Comprehensive Analysis

editor
May 30, 2023

Introduction:As Nigeria grapples with the challenges of its oil-dependent economy, the issue of fuel subsidy has remained a contentious topic. Fuel subsidy refers to the government’s practice of reducing the…

Economy

Bitcoin’s Recent Price Drop Could Have Negative Impact on Nigeria’s Economy and Cryptocurrency Industry

editor
May 15, 2023

Bitcoin, the world’s most popular digital currency, has experienced significant price drops in recent years. The volatility associated with cryptocurrencies often leads to major price fluctuations, and Nigeria is a…

Economy

Crisis As Civil Servants in Zamfara State Hold Special Prayers Over Non-Payment of Salaries Since January

editor
May 15, 2023

Civil Servants in Zamfara State have been plunged into a living nightmare as they are denied their right to a decent wage. The non-payment of salaries to these workers has…

Economy

Nigeria’s Oil Output Drops Below One Million Barrels Per Day in April 2023

editor
May 14, 2023

The Nigerian oil industry has hit a new low, with the country’s oil production dropping below the one million mark in April 2023. This decline represents a 21.26 percent decrease…

Economy

Over 80 Nigerian Ministries, Agencies Spent N1trillion ($2B) In 2019 Outside Budget For Overhead Costs

editor
May 1, 2023

Government institutions and agencies spent N1,006,542,151,109.36 with total disregard to appropriation bills. The Socio-Economic Rights and Accountability Project (SERAP) has accused no fewer than 84 ministries, departments and agencies of…

Economy

Fuel subsidy: Be ready to pay N100,000 minimum wage – NLC tells FG

editor
April 27, 2023

The Nigeria Labour Congress (NLC) has said the plans of the federal government to remove the contentious fuel subsidy would be an open invitation to social and economic crisis in…

Economy