Nigerian economy

Public outrage over Nigeria’s fuel price hike surges as political groups demand an immediate rollback, warning of increased economic hardship for millions.

President Bola Tinubu’s visit to China in September aims to boost Nigeria’s economy and strengthen bilateral ties through strategic partnerships in various sectors.

Nigeria’s CBN reports record remittance inflows of $553 million in July 2024, a 130% increase from 2023.

Nigeria will begin naira-based crude sales to the Dangote Refinery on October 1, a move aimed at strengthening the local economy.

Former President Obasanjo warns that those benefiting from Nigeria’s fuel importation industry might frustrate the Dangote Refinery’s success, urging broader economic reforms.

CAN defends the right to protest but urges Nigerians to give President Tinubu more time to address grievances.

Senator Orji Kalu appeals for patience, urging Nigerians to delay protests and give President Bola Tinubu more time to address the nation’s economic challenges.

The Oba of Benin, Ewuare II, appeals for the postponement of the nationwide protest scheduled for August 1, 2024, to allow the Federal Government time to implement economic strategies.

Femi Otedola urges Nigerians and the government to support Aliko Dangote, emphasizing his pivotal role in the nation’s economic development and infrastructure growth.

Nigeria’s inflation remains high at 34.19%, with the CBN contemplating another interest rate hike as food inflation and economic pressures persist.