Economy
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Global oil prices drop amid US-Iran hostility
Global crude oil prices experienced a pullback on Monday, August 24, 2026, as markets consolidated following a sharp rally driven…
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NGX crashes for 8th straight session as investors lose whopping N5.45tn
Investors in the Nigerian stock market recorded a cumulative loss of N5.45 trillion as the equities market extended its bearish…
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Finance Minister Rejects Pressure for Granular Breakdown of $5bn UAE Facility
By Ayodele Quadri, Lagos Times Correspondent ABUJA, NIGERIA — Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele,…
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FG Details N15.8tn Reform Savings Against N30.6tn Outlay Post-Subsidy Era
By Ayodele Quadri, Lagos Times Correspondent ABUJA, NIGERIA — Thirty months after President Bola Ahmed Tinubu announced the removal of…
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Tinubu’s economic reforms push FAAC allocations above N2trn monthly – Minister
The Minister of Finance and Coordinating Minister of the Economy, Prof. Taiwo Oyedele, says the Federal Government’s economic reforms have…
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Nigeria’s inflation drops again to 15.43%
Nigeria’s inflation dropped further to 15.43 percent in July 2026, down from 15.91 percent recorded in June. The National Bureau…
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Governor Sule Signs $2m Supplementary Lithium Deal With Diamond New Energy
ABUJA, NIGERIA — Governor Abdullahi Sule of Nasarawa State has presided over the signing of a fresh $2 million supplementary…
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Naira Trades At ₦1,364.83/$1 As Dollar Market Remains Stable
LAGOS, NIGERIA — The Nigerian Naira traded at ₦1,364.83 per US dollar in the official foreign exchange market, continuing a…
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Dangote Overtakes U.S., Becomes Europe’s No. 1 Jet Fuel Supplier
Dangote Petroleum Refinery & Petrochemicals has cemented its position as a rising global energy powerhouse after becoming Europe’s largest supplier…
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Why Some Nigerians Are Still Poor Despite FG’s Economic Reforms — Oyedele
By Ayodele Quadri, Lagos Times Correspondent ABUJA, NIGERIA — The Minister of Finance and Coordinating Minister of the Economy, Taiwo…
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