Economy - TeleRepublic

Breaking News on Global and Regional Economy

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

editorMay 15, 20233 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 perfect example of a country that may be affected by…

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

editorMay 15, 20233 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

editorMay 14, 20233 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

editorMay 1, 20232 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…

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

editorApr 27, 20233 min read

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…