Economy

Economic policy, fiscal analysis, and development reporting.

Health Crisis Looming: Fake Toothpaste And Adulterated Palm Oil Spark Public Health Fears In Nigeria

Rising concerns over counterfeit oral care products and toxic palm oil adulterated with dangerous industrial dyes have triggered urgent calls for consumer vigilance and stricter regulatory action across Nigerian markets.

Site manager · Aug 31, 2026 · 2 min read

Leadership Transition at UBA as Emmanuel Nnorom Takes Over from Tony Elumelu

The United Bank for Africa (UBA) Plc has named Emmanuel Nnorom as its incoming Chairman, succeeding Tony Elumelu, who will retire on August 21 after completing the maximum 12-year tenure for non-executive directors under CBN regulations. The leadership transition marks a new chapter for the pan-African banking group as it seeks to build on Elumelu's legacy of expansion, innovation, and sustainable growth. Read the full story in the comment section.

Site manager · Jul 07, 2026

Tony Elumelu Reflects on 12-Year UBA Chairmanship, Celebrates Legacy of Building Africa's Global Bank

Business leader and philanthropist Tony Elumelu has announced that he will conclude his tenure as Chairman of the Group Board of United Bank for Africa on August 21, 2026, after 12 years of leadership and decades of service to the institution. In a reflective farewell message, Elumelu highlighted UBA's transformation from a Nigerian bank into a leading pan-African financial institution serving more than 50 million customers across 20 African countries and four continents. He reaffirmed his belief in building enduring institutions that outlast individuals, expressed confidence in the bank's future under incoming Chairman Mr. Emmanuel N. Nnorom.

Site manager · Jul 07, 2026

Strategic Leadership and the power of Global Networks

Meaningful leadership is built on vision, influence, and the ability to cultivate strategic relationships. A throwback moment with two of Nigeria's foremost business leaders, Tony Elumelu and Allen Onyema, highlights the importance of strong networks in driving investment, innovation, and sustainable development. With purposeful leadership and the right partnerships, such connections can help attract investors, create opportunities, and position our state for lasting economic growth and shared prosperity.

Site manager · Jun 30, 2026

FG Approves Payments to 1,240 Local Contractors, Moves to Clear Verified Debts Nationwide

The Federal Government has approved payments to over 1,240 local contractors across Ministries, Departments and Agencies (MDAs) as part of efforts to settle verified outstanding obligations, boost business liquidity, and support economic growth across the country.

Site manager · Jun 10, 2026

Anglican and Pentecostal Leaders Raise Alarm Over Neglect, Governance Concerns and Alleged Marginalisation in Enugu and Anambra

Church leaders under the Anglican Communion and Pentecostal fellowship have reportedly expressed concern over governance challenges in Enugu and Anambra States, including economic hardship, infrastructure gaps, and alleged exclusion of some Anglican members from key government appointments. The bishops are said to have petitioned authorities, calling for more inclusive governance.

Site manager · May 31, 2026

Kerosene Price Reportedly Hits ₦4,000 Per Litre Nationwide — NBS Figures

The National Bureau of Statistics (NBS) has reportedly indicated a sharp rise in kerosene prices across Nigeria, with average retail cost reaching about ₦4,000 per litre, raising fresh concerns over household energy affordability.

Site manager · May 29, 2026

Alex Otti Approves ₦306 Million Tech Grant to Boost Businesses in Abia

Abia State Governor, Alex Otti, has approved a ₦306 million technology-driven business grant initiative aimed at supporting entrepreneurs, promoting innovation, and creating jobs across the 17 local government areas of the state.

Site manager · May 27, 2026

Terra Industries CEO Pledges ₦40 Million to Support South East Maths Olympiad

Nathan Nwachuku, CEO of Terra Industries, has pledged ₦40 million to the 2027 South East Maths Olympiad, bringing total sponsorships for the competition to over ₦100 million alongside additional support from Sterling Bank.

Site manager · May 25, 2026

Otti Secures Power Partnership with NDPHC to Improve Electricity Supply in Abia State

Governor Alex Otti has reaffirmed his administration’s commitment to stable electricity in Abia State through a new partnership with the Niger Delta Power Holding Company (NDPHC) aimed at boosting power supply and driving economic growth.

Site manager · May 25, 2026

Business Owners in Nsukka, Enugu Urban Raise Concerns Over Tax Enforcement Measures

Traders and business owners in Nsukka and Enugu Urban have expressed concern over recent tax enforcement actions, calling for a more balanced and humane approach to revenue collection.

Site manager · May 22, 2026

Dangote Refinery Reduces Jet Fuel Price From ₦1,750 to ₦1,650 Per Litre

The Dangote Refinery has announced a reduction in aviation fuel (Jet A1) price from ₦1,750 to ₦1,650 per litre, offering some relief to airlines and stakeholders in the aviation sector.

Site manager · May 20, 2026

Nigeria Revenue Service Announces New Taxpayer Identification System Nationwide

The Nigeria Revenue Service, in collaboration with the Joint Revenue Board, has announced the implementation of a unified Taxpayer Identification (Tax ID) system aimed at strengthening tax administration, improving transparency, and simplifying tax processes across Nigeria.

Site manager · May 19, 2026