Economy

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

Economy

NIPOST partners Paystack, Sendbox to digitize parcel payment process 

The Nigerian Postal Service (NIPOST), in collaboration with Paystack, Messenger, and Sendbox, has unveiled a Digital Payment Solution for Inbound Postal Items — a groundbreaking platform designed to simplify and…

Esther October 30, 2025

Economy

Dangote Group responds to DAPPMAN, accuses them of “manipulating labour”

The Dangote Group has accused powerful oil import cartels of manipulating labour unions and industry associations to frustrate the operations of its refinery, warning that their actions threaten Nigeria’s quest…

AyobamiBlog September 16, 2025

Economy

“Enough Is Enough” – Trade Union Of Nigeria Rejects Tinubu’s Planned 5% Petroleum Tax, Threatens Nationwide Strike

The Trade Union Congress (TUC) has issued a stern warning to the Bola Tinubu administration to immediately withdraw its proposed 5% tax on petroleum products or face a crippling nationwide…

AyobamiBlog September 8, 2025

Economy

PETROAN to shut down petrol stations from Tuesday, September 9

Filling station owners under the auspices of the Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) have given a three-day notice for its planned suspension of lifting and dispensing…

AyobamiBlog September 7, 2025

Economy

Dangote Sugar just made N63 billion from one customer — and it’s Coca-Cola’s bottler 

Dangote Sugar Plc posted a significant turnaround in Q2 2025, recording a pre-tax profit of N523.8 million, following several quarters of losses. This recovery was fueled by robust sales performance,…

Esther August 7, 2025

Breaking News

Nigeria’s Household Consumption Collapses: Urgent Policy Shifts Needed to Avoid Economic Stagnation

Household consumption in Nigeria is plummeting at an alarming rate, yet the severity of this decline remains largely under-discussed. According to the Nigerian Bureau of Statistics (NBS) in its “Gross…

Esther July 24, 2025