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Economic Impact

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  • Breaking News: How the NUPENG Strike Suspension Averted a Looming Financial Crisis

    The recent resolution of a potentially severe nationwide petrol supply disruption has brought immense relief to Nigerians who were bracing for a crisis. More critically,...

    NEWS REVIEW: The NUPENG strike suspension and the aversion of a financial crisis
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    Politics Today
    The recent resolution of a potentially severe nationwide petrol supply disruption has brought immense relief to Nigerians who were bracing for a crisis. More critically, there was a looming threat that the government’s economic agenda could be severely undermined by interruptions in the supply of the country’s key commodity, triggering widespread ripple effects across the...
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  • How Export Bans Could Strip Women Pickers of Their Earnings-While Boosting Processors’ Profits, Not Government Revenue

    The SHEA sector significantly contributes to the overall earnings of rural households across various economic strata. It also highlights the pivotal role women play in...

    Key Argument: Export Ban Risks Shifting Profit From Women Pickers To Processors, Not The Government
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    Politics Today
    The SHEA sector significantly contributes to the overall earnings of rural households across various economic strata. It also highlights the pivotal role women play in the gathering and processing of Shea nuts and fruits. Women, who are responsible for over 90% of Shea nut collection, gain a vital opportunity for economic advancement through this activity,...
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  • Africa’s $50 Billion Annual Food Import Bill: What It Means for the Continent’s Future

    Africa’s $50 Billion Annual Food Import Bill: A Lost Opportunity for Local Employment Noel Mulinganya, Deputy Head of the Youth in Agricultural Business Unit at...

    Africa imports close to $50 billion worth of food annually- official
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    Business Updates
    Africa’s $50 Billion Annual Food Import Bill: A Lost Opportunity for Local Employment Noel Mulinganya, Deputy Head of the Youth in Agricultural Business Unit at IITA-CGIAR, highlighted a critical economic challenge during the Africa Food System Forum (#AFSForum2025) held recently in Dakar, Senegal. He emphasized that Africa’s heavy dependence on food imports, which amount to...
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  • OPINION: How Nigeria’s New Tax Law Could Transform the Future of SMEs Beyond Big Business

    Transforming Nigeria’s Tax Landscape: A New Dawn for SMEs In June 2025, President Bola Tinubu signed into law four pivotal tax legislations after extensive nationwide...

    OPINION… Beyond Big Business: What Nigeria’s New Tax Law Means for SMEs
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    Politics Today
    Transforming Nigeria’s Tax Landscape: A New Dawn for SMEs In June 2025, President Bola Tinubu signed into law four pivotal tax legislations after extensive nationwide consultations and debates. These reforms come at a critical juncture, addressing longstanding economic challenges since the current administration took office. Overview of the New Tax Legislation The newly enacted laws-the...
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  • Obi Slams Soaring Nigerian Passport Fees: Now Exceeding Minimum Wage!

    Peter Obi Criticizes Federal Government Over Steep Hike in Nigerian Passport Fees Peter Obi, the Labour Party’s former presidential candidate in the 2023 general elections,...

    ‘Nigerian passport fee now higher than minimum wage’, Obi condemns latest increase
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    Politics Today
    Peter Obi Criticizes Federal Government Over Steep Hike in Nigerian Passport Fees Peter Obi, the Labour Party’s former presidential candidate in the 2023 general elections, has strongly condemned the recent decision by the Federal Government to raise Nigerian passport fees. He described the move as an additional strain on citizens already grappling with economic difficulties....
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  • Falana Condemns Proposed Politician Salary Hike Amid Growing Public Hardship

    Femi Falana Condemns Proposed Salary Increase for Nigerian Politicians Amid Economic Hardship Prominent human rights advocate and Senior Advocate of Nigeria (SAN), Femi Falana, has...

    Falana Slams Planned Salary Hike For Politicians Amid Worsening Hardship
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    Politics Today
    Femi Falana Condemns Proposed Salary Increase for Nigerian Politicians Amid Economic Hardship Prominent human rights advocate and Senior Advocate of Nigeria (SAN), Femi Falana, has vehemently opposed the recent proposal to raise the remuneration of political office holders. He described the move as profoundly insensitive, especially considering Nigeria’s ongoing economic challenges. Critique of RMAFC’s Position...
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  • Dangote Refinery Slashes Polypropylene Imports to Lowest Level in Six Years

    Dramatic Decline in Nigeria’s Polypropylene Imports Thanks to Dangote Refinery In a significant development for Nigeria’s industrial sector, the country has witnessed a remarkable drop...

    Large industrial fuel storage tanks at Dangote facility.
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    Opinion
    Dramatic Decline in Nigeria’s Polypropylene Imports Thanks to Dangote Refinery In a significant development for Nigeria’s industrial sector, the country has witnessed a remarkable drop in its dependence on imported polypropylene, a critical raw material widely used across various manufacturing industries. This marks the first time in over six years that Nigeria’s polypropylene import volumes...
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