Nigerian economy News
Latest articles and news about Nigerian economy on AXL Media.
Latest Articles
- CPPE urges Nigeria to move beyond minimum wage toward a ‘welfare-centric’ labor policy
Published: Apr 30, 2026
Section: Africa
The Centre for the Promotion of Private Enterprise (CPPE) has called for a fundamental shift in Nigeria’s labor negotiations, moving from a focus on nominal wage increases to a com...
- Presidency Defends Massive Infrastructure Loans as Emir Sanusi Questions Continued Borrowing Post-Subsidy Removal
Published: Apr 25, 2026
Section: Africa
Daniel Bwala, Special Adviser to President Bola Tinubu, has clarified that the Federal Government is strategically borrowing billions of dollars to address a critical infrastructur...
- Nigerian Banks Grapple with High-Value Fraud as Sophisticated Cyberattacks Drive Massive Financial Losses
Published: Apr 23, 2026
Section: Africa
A new report reveals that while the total volume of banking fraud in Nigeria decreased by 4 percent in 2025, the financial impact per incident has surged. Internet banking has emer...
- The Paradox of African Development: Analyzing Foreign Interference and Internal Collaboration
Published: Apr 21, 2026
Section: Africa
Human rights attorney Abdul Mahmud examines Aliko Dangote’s recent critique of foreign interests hindering African growth. Mahmud argues that while external exploitation remains a...
- PRP Chairman Baba-Ahmed Slams Tinubu’s "Eyeglass" Remarks, Claims President is Out of Touch with Nigerian Reality
Published: Apr 21, 2026
Section: Africa
Hakeem Baba-Ahmed, National Chairman of the Peoples Redemption Party (PRP), has criticized President Bola Tinubu for suggesting that critics of his administration are simply "blind...
- Manufacturers Demand Naira-for-Crude Optimization and CNG Subsidies to Halt National Deindustrialization Risks
Published: Apr 17, 2026
Section: Africa
The Manufacturers Association of Nigeria has formally rejected proposals to reopen borders for petrol imports, advocating instead for domestic energy solutions. Director-General Se...
- Nigeria Rejects $50 Billion IMF Support Package to Avoid Increasing National Debt Burden
Published: Apr 17, 2026
Section: Africa
Finance Minister Wale Edun announced that Nigeria will not access a newly proposed $50 billion IMF facility intended for Sub-Saharan African nations. Despite rising public debt, wh...
- Lagos Taxpayer Laments Heavy March Deductions as New Tax Laws Impact Monthly Salaries
Published: Apr 13, 2026
Section: Africa
A Nigerian man, identified as @Purpleworldinc on social media, has gone viral after sharing a screenshot of significant tax deductions from his March 2026 salary. Expressing shock...
- Nigerian Manufacturers Warn of Sector Collapse Under Burden of Multiple Taxation and Infrastructure Deficits
Published: Apr 13, 2026
Section: Africa
Frank Onyebu, Chairman of the Manufacturers Association of Nigeria Apapa Branch, has urgently called for government tax harmonisation to prevent industrial collapse. The manufactur...
- Minister Of State For Finance Acknowledges Drafting Errors In New Tax Laws; Promises Legislative Corrections
Published: Apr 11, 2026
Section: Africa
Taiwo Oyedele, the Minister of State for Finance, has admitted that Nigeria’s recently enacted tax reform laws contain inconsistencies caused by manual drafting errors and procedur...
- Former President Goodluck Jonathan Issues Easter Mandate Calling for Sacrificial Leadership and National Resilience Among Citizens
Published: Apr 5, 2026
Section: Africa
In an Easter Sunday message delivered in Abuja, former President Goodluck Jonathan challenged Nigerian leaders to prioritize national service over personal interests. He emphasized...
- Nigeria Customs Service Intercepts Smuggled Vegetable Oil And Illegal Mica Stones Worth Over R224 Million In Ogun State
Published: Apr 4, 2026
Section: Africa
The Ogun I Area Command of the Nigeria Customs Service has seized 1,202 kegs of smuggled vegetable oil and 285 sacks of mica stones. The combined operations, valued at approximatel...