Economy

FG unveils agric mechanisation policy, plans tractor plant

The Federal Government has unveiled a new agricultural mechanisation policy. It also announced plans…

Firms pay Trump Media up to $100,000 monthly for faster Truth Social posts

Trump Media says more than 10 customers have signed up for a new service…

Subsidy could have cost Nigeria ₦53tn – NRS chair

Nigeria’s fuel subsidy cost could have climbed to about ₦53 trillion if the policy…

CBN survey shows rising demand for housing loans among Nigerians

Demand for Nigeria housing loans increased in the second quarter of 2026, as more…

Taraba govt denies N1.2trn debt claims

  The Taraba State Government has dismissed allegations by opposition parties that the state…

Tinubu walks to office, eats once daily — NRS chair

  The Executive Chairman of the Nigeria Revenue Service, Zacch Adedeji, has dismissed concerns…

Unitree sets China IPO price at 150.8 yuan, eyes $904m fundraising

Chinese robotics company, Unitree, has set the price for its Shanghai initial public offering…

Iran lists demands to reopen Strait of Hormuz

Iran has set a series of conditions for the Strait of Hormuz reopening. It…

Dollar to Naira rate today, August 7, 2026

The Dollar to Naira rate remained relatively stable on Friday, August 7, 2026. The…

China export boom continues as global AI demand lifts tech shipments

The China export boom continued in July as strong global demand for artificial intelligence-related…

US increases visa bonds for immigrants to $250,000

The US visa bond pilot may require selected prospective immigrants to post bonds reaching…

Dangote cuts petrol by N50, diesel by N80

The Dangote petrol price cut has reduced the refinery’s ex-depot rate for Premium Motor…

Italy approves €100m relief package after powerful Naples earthquake

The Italian government has approved a 100 million euro ($115 million) emergency relief package…

Stakeholders fear safety risks as Nigeria pushes CNG, electric vehicle transition

Stakeholders in Nigeria’s automotive sector have expressed concerns over safety challenges that could hinder…

US states file lawsuit to stop Trump tariffs

  Twenty-five states have sued President Donald Trump's administration over a wave of tariffs…