Akwa Ibom Governor Umo Eno declared an education emergency, approves 2,000 new teachers and upgrades the state college of education to a university in Uyo.
Nigeria’s financial inclusion reached 73% in 2026, but just 30.7% were healthy as coping loans rose and 45.8% of formal-credit users faced repayment stress.
Lagos commuters face possible October disruption as AUATON drivers protest Bolt and inDrive over fares, commissions, rising costs and the 10% commission cap.
Nigeria’s public debt reached ₦166.79 trillion by June 2026, up ₦7.44 trillion in three months, as domestic borrowing led the portfolio, latest DMO data shows.
Nigeria’s food inflation eased to 19.57% in August as FMCG prices held steady, with cheaper cereals, milk and rice, while petrol raised household energy costs.
Naira strengthens to N1,762 per pound despite the CBN rate cut, as rising reserves, oil earnings and dollar liquidity support the currency’s resilience today.
Nigeria’s rice farmers face N2.3m per hectare costs, with fertiliser taking 35%. Government and stakeholders seek cheaper production, financing and irrigation.
Nigeria’s N70,000 minimum wage faces pressure as petrol nears N1,500, with Festus Keyamo and the NLC warning of rising living costs and lost purchasing power.
Nigeria’s new tax rules take effect October 1, introducing a 10% penalty and daily interest for businesses and individuals with overdue tax liabilities.
Tinubu’s government distributes CNG tricycles to Nigerian youths on discounted instalments, creating jobs, cutting transport costs and advancing cleaner mobility.
The Gambia’s Central Bank order to replace foreign workers faces criticism as analysts warn of higher costs, disruption and skills shortages in banking sector.
Economy
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