BossuTv Logo
About Bossu
  • arrow_back Home
  • keyboard_arrow_rightNigeria economy

Nigeria economy

Results 1-11 of 36 remove Page 1 of 4

Category filter keyboard_arrow_down
trending_flat

Nigeria

Edun urges developing nations to act early against global shocks

Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has urged developing countries to take early, proactive steps to shield their economies from global shocks, warning that poor policy choices could derail reforms and worsen inflation. Speaking at a G24 news conference on the sidelines of the IMF meetings in Washington, D.C., Edun said today’s uncertain global environment demands careful, balanced decisions, especially in vulnerable developing economies. He cautioned that raising interest rates too quickly could undermine ongoing reforms, while delayed action could allow inflation to spiral. He noted that central banks in developing countries face tough choices as they navigate energy crises, geopolitical tensions and supply chain disruptions that are driving up the cost of fuel, fertiliser and food. While oil‑exporting nations may benefit from higher prices, he stressed that both oil producers and importers are battling […]

Abdulmumini Auwal SA April 15, 2026

trending_flat

Nigeria

Northern youths back NASS on pipeline security deal

Northern youths under the Arewa Youth Consultative Forum have praised the National Assembly joint committee on Petroleum Resources for endorsing the pipeline surveillance contract handled by Tantita Security Services. AYCF president Yerima Shettima said in a statement that the parliament’s decision to dismiss petitions against Tantita and support the continuation and possible expansion of its contract is patriotic and should be commended by all Nigerians. Shettima said the lawmakers showed they understand the realities on the ground, noting that pipeline vandalism has dropped significantly under Tantita’s watch and warning that the issue should not be politicised. He commended the leadership of the House Committee on Petroleum Resources Downstream, chaired by Ikenga Imo Ugochinyere, and its Senate counterpart for what he called a transparent and inclusive engagement with stakeholders in the oil and gas sector. According to him, rejecting calls to […]

Abdulmumini Auwal SA April 9, 2026

trending_flat

Nigeria

Nigerians Ration Power, Queue For Fuel As Petrol Hits N1,500

Nigerians are facing a fresh wave of hardship as petrol prices climb to around N1,500 per litre in many parts of the country. The spike has come at a time of poor electricity supply, forcing households and businesses to ration power and battle long queues at filling stations. Over the past three weeks, the pump price of petrol has risen by more than N500 in some locations. In major cities, motorists report paying between N1,300 and N1,500 per litre, with some independent marketers selling even higher. The higher prices are linked to rising global crude oil costs, pressure on the naira, and Nigeria’s continued dependence on imported refined products. Labour unions, economists, and business groups warn that the situation is fuelling inflation, closing businesses, and worsening poverty. Many residents now limit generator use to a few hours at night or […]

Abdulmumini Auwal SA March 29, 2026

trending_flat

Nigeria

Iran war may force Nigerians back to working from home – Dangote

Chairman and CEO of Dangote Group, Aliko Dangote, has warned that the ongoing Middle East crisis could push Nigeria and other African countries back to work from home arrangements similar to those used during COVID 19. He said the conflict, involving Iran, Israel and the United States, is driving oil price volatility that could worsen economic hardship across the continent. Dangote spoke after a meeting with President Bola Tinubu at the President’s Ikoyi residence in Lagos. He expressed concern that many African countries have little or no financial reserves to cushion the impact of rising energy costs and global supply disruptions.​ He noted that some countries are already asking people to work from home or reducing work days because they cannot afford high fuel costs. Citing Indonesia as an example, he said workers there now go to the office four […]

Abdulmumini Auwal SA March 24, 2026

Nigeria

FG weighs options as Iran war pushes petrol above N1,000

The Federal Government is assessing its economic and diplomatic options as the war involving Iran, the United States and Israel begins to hit Nigerians through higher fuel prices and fresh pressure on the economy. Officials are closely tracking developments in the Middle East, where attacks on oil facilities, shipping disruptions and tensions around strategic waterways have driven up global crude prices. The conflict has already pushed Brent crude well above Nigeria’s 2026 budget benchmark, raising both risks and opportunities for Africa’s largest oil producer. On the domestic front, petrol prices have crossed or neared N1,000 per litre in many locations, with queues reappearing at filling stations across parts of the country. Marketers and analysts link the spike to higher international crude and freight costs, as well as supply constraints and the impact of the conflict on global refinery output and […]

Abdulmumini Auwal SA March 8, 2026

trending_flat

Nigeria

Tinubu orders full probe into Kano Singer Market fire

President Bola Tinubu has ordered a comprehensive investigation into the fire outbreak that destroyed shops and goods at Singer Market in Kano State. He also commiserated with traders and residents, describing the incident as tragic and deeply distressing. The fire started on Saturday evening and raged into Sunday morning, causing major damage to the popular food and provisions market. Market leaders said properties worth more than N5 billion were lost, with over 1,000 businesses affected. In a statement issued by his Special Adviser on Information and Strategy, Bayo Onanuga, the President expressed concern over repeated fire incidents at Singer Market. He directed security, emergency management and other relevant agencies to carry out a thorough probe into the causes and submit their findings. Tinubu assured affected traders that the Federal Government will explore support measures to help them recover from their […]

Abdulmumini Auwal SA February 15, 2026

trending_flat

Nigeria

Presidency: Nigeria on ‘healing journey’ to $1trn economy by 2030

The Presidency says Nigeria is on a “healing journey” and firmly on course to build a 1 trillion dollar economy by 2030, driven by reforms to deepen economic and financial inclusion and position the country as Africa’s leading borderless digital hub.​ Technical Adviser to the President on Economic and Financial Inclusion, Dr Nurudeen Zauro, said this in Abuja at a media parley to unveil the 2026 RegTech Africa Conference and Expo, which Nigeria will host from May 20 to 22 under the patronage of the Office of the Vice President.​ Zauro said President Bola Ahmed Tinubu set a clear growth target from his first day in office, anchored on restoring confidence, expanding inclusion and attracting investment. He explained that achieving the 1 trillion dollar goal by 2030 will require building trust, infrastructure and inclusion, supported by policies that encourage partnership […]

Abdulmumini Auwal SA January 31, 2026

trending_flat

Nigeria

Petrol price may rise again as crude oil hits new high

Nigerians may face another round of petrol price increases as crude oil prices continue to climb on the international market. Nigeria’s Bonny Light crude has risen to 70.30 dollars per barrel from 64 dollars last week, about a 10 per cent increase and the highest level so far this year. Brent crude now trades at 70.15 dollars per barrel, up from 66 dollars, while Murban crude has moved to 68.01 dollars from 65.20 dollars. Earlier in the week, filling stations raised petrol pump prices to an average of 850 naira per litre from 750 naira, citing the rise in crude prices. The Dangote Refinery and oil marketers argued that crude oil is the main input cost and that higher crude prices inevitably push up fuel prices. However, while crude prices went up by about 6.2 per cent, the local petrol […]

Abdulmumini Auwal SA January 30, 2026

trending_flat

Nigeria

Tinubu okays carbon market framework, eyes $3bn yearly inflow by 2030

President Bola Ahmed Tinubu has approved the full rollout of Nigeria’s national carbon market framework, a landmark climate policy projected to generate up to $3 billion in annual revenue by 2030 from carbon credits and emissions trading. The move aims to position Nigeria as a leading player in global carbon markets while boosting non oil revenue and supporting the energy transition.​ Under the framework, the Federal Government will establish a national carbon registry, mandate emissions reporting by companies and introduce phased compliance measures aligned with Nigeria’s climate commitments. These measures are tied to interim emissions reduction targets up to 2035 and the long term goal of achieving net zero emissions by 2060.​ To attract investors, the policy provides generous incentives, including tax exemptions on carbon credit earnings for up to 10 years, accelerated capital allowances for low carbon assets and […]

Abdulmumini Auwal SA January 15, 2026

About Bossu TV

BossuTV is a groundbreaking digital television platform that delivers dynamic, high-quality content across every aspects of life — from entertainment, education, and lifestyle to business, culture, and community development

Site Links

BossuTv Logo

Login to enjoy full advantages

Please login or subscribe to continue.

✖

Go Premium!

Enjoy the full advantage of the premium access.

✖

Stop following

Unfollow Cancel

✖

Cancel subscription

Are you sure you want to cancel your subscription? You will lose your Premium access and stored playlists.

Go back Confirm cancellation

✖