economy
United States President Donald Trump has signed a new proclamation that significantly raises the application fee for H-1B visas to $100,000, a move expected to cause widespread impact across the technology industry, where such visas are commonly used. The new measure, which may be met with legal opposition, was unveiled on Friday at the White […]
Nigeria’s inflation rate has slowed for the fifth consecutive month, dropping to 20.12 per cent in August, yet economists warn that the relief remains largely statistical as households continue to grapple with high food prices and rising living costs. Speaking on Frontline, a current-affairs programme on Eagle 102.5 FM in Ilese-Ijebu, economic analyst, Professor Adebayo […]
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) says it has established a Central Bank Monitoring Committee (CBMC) to oversee revenue inflows and disbursements from the Federation Account domiciled with the Central Bank of Nigeria (CBN). Chairman of the Commission, Dr. Mohammed Bello Shehu, disclosed this in a keynote address delivered at the opening ceremony […]
Nigerian billionaire businessman, Aliko Dangote’s defence of his company’s logistics operations and stance on workers’ unionisation has drawn contrasting reactions from Nigerians who called in on Frontline, a current affairs programme on Eagle 102.5, FM Ilese Ijebu, on Thursday. Speaking at the Dangote Refinery in Ibeju-Lekki, Lagos, on Monday, Dangote stressed that his company […]
The Director-General of the Nigerian Airspace Management Agency (NAMA), Farouk Umar, has warned that the N11,000 charge currently imposed on airlines per flight is no longer realistic, given the rising cost of maintaining aviation infrastructure. Speaking in Abuja on Tuesday at a summit convened by the House of Representatives Committee on Aviation, Umar noted that […]
The Federal Government on Tuesday announced new incentives aimed at unlocking Nigeria’s vast food production potential and strengthening the nation’s agricultural value chain under President Bola Ahmed Tinubu’s Renewed Hope Agenda. Vice President Kashim Shettima, who made the disclosure in Abuja at the Food and Agriculture Organisation (FAO) National and Subregional Hand-in-Hand Investment Forum, said the initiatives […]
President Bola Ahmed Tinubu has congratulated two distinguished Nigerians, Farouk Gumel and world athletics star Tobi Amusan, on their recent achievements that brought pride to the country. In a statement issued on Tuesday by his Special Adviser on Information and Strategy, Bayo Onanuga, the President hailed Gumel’s appointment as Chairman of Botswana Sovereign Wealth Fund Limited […]
No fewer than 123 million Nigerians have been captured in the National Identity database of the country with their National Identity Numbers (NIN) by the National Identity Management Commission (NIMC). The Director General/CEO of NIMC, Engr Abisoye Coker-Odusote disclosed this in Abuja on Tuesday at the International Conference Centre, Abuja, during the 7th National […]
FG Orders Food Price Crash Stakeholders Push Back Nigeria’s agricultural import bill rose sharply to ₦2.22 trillion in the first half of 2025, sparking criticism from farmers, rice millers and other stakeholders who say Federal Government policies are undermining local production and worsening food insecurity. The latest figures from the National Bureau of Statistics show […]
Nigeria’s headline inflation slowed for the fifth consecutive month in August 2025, providing some respite for consumers grappling with high living costs. Fresh data released by the National Bureau of Statistics (NBS) on Monday showed that inflation dropped to 20.12 per cent, down from 21.88 per cent in July. The figure represents a 1.76 percentage […]
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