Economy

Breaking News on Global and Regional Economy

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

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

editor May 30, 2023 5 min read

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 price of fuel to alleviate the burden on consumers. However,…

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

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

editor May 15, 2023 3 min read

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…

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

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

editor May 15, 2023 3 min read

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…

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

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

editor May 14, 2023 3 min read

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…

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

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

editor May 1, 2023 2 min read

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…