Economy

Economy

TRANSPORTATION RELIEF: President Tinubu and Governors Target October 1 for Lower Fare Rates via CNG Transition

President Bola Ahmed Tinubu has announced a coordinated framework between the Federal Government and the Nigeria Governors’ Forum (NGF) aimed at driving down public transport costs across the country. ​Following…

AyobamiBlog August 27, 2026

Economy

Nigerians earning N150,000–N250,000 feel inflation most—CBN

While inflation is technically slowing down in Nigeria, the Central Bank of Nigeria’s (CBN) July 2026 survey reveals that the daily reality of high prices is hitting mid-level earners the…

Esther August 7, 2026

Agricultural

Cheap imports are undercutting the oil palm business for Okomu Oil and Presco

Palm oil is the lifeblood of many Nigerian households and industries, it is in our cooking, our soaps, our cosmetics, and even our animal feed. Yet, the local giants that…

Esther August 7, 2026

Economy

Women Repay SME Loans Better Than Men, Moniepoint 2025 Impact Report Reveals

Women-owned businesses in Nigeria have proven to be significantly more reliable at repaying business loans than those managed by their male counterparts, according to new data published by Nigerian fintech…

AyobamiBlog July 27, 2026

Economy

INFRASTRUCTURE DRIVE: NCC Begins Stakeholder Consultations to Develop Pricing Framework for Fibre Duct Sharing Under “Dig-Once” Policy

The Nigerian Communications Commission (NCC) has officially initiated high-level consultations with key industry stakeholders to design a structured pricing framework for sharing fibre optic ducts across the country. ​The regulatory…

AyobamiBlog July 8, 2026

Economy

Supreme Court Sets D-Day For FIRS, Bayelsa State Over Controversial ₦5.5 Billion Tax Dispute

The long-running legal battle between the Federal Inland Revenue Service (FIRS)—recently rebranded as the Nigeria Revenue Service (NRS)—and the Bayelsa State Government is heading to its final showdown at the…

AyobamiBlog May 29, 2026

Economy

Lagos Rising: The $374M Powerhouse Leading West Africa’s Tech Revolution

According to a report from Al Jazeera English on May 8, 2026, Lagos is successfully positioning itself as the premier digital hub for West Africa. The city’s data facility market…

AyobamiBlog May 9, 2026

Economy

Lagos Youths Drive N4.5 Trillion Annual Contribution to State Economy, Stated by Sanwo-Olu

The Governor of Lagos State, Babajide Sanwo-Olu, has disclosed that young people living in the state contribute an estimated N4.5 trillion annually to its Gross Domestic Product (GDP). He made…

Esther April 14, 2026

Economy

Fuel Crisis Response: FG Eliminates Duties on Key Imports

The Federal Government has scrapped import duties on electric vehicles, mass transit buses, and key manufacturing machinery—an intentional move to lower the everyday financial strain on Nigerians and slow the…

Esther April 13, 2026

Economy

OPEC+ to pause oil output increases in Q1 2026 after December hike 

The Organisation of the Petroleum Exporting Countries and its allies (OPEC+) has announced a pause on further oil output increases during the first quarter of 2026, following a modest production…

Esther November 3, 2025