Economy

Discover the latest stories and insights from economy across Africa

32 Articles

Featured Stories

From a UK Bank to Kano's Farms: How Timi Oke Built AgroEknor on Hibiscus
Featured
October 12, 2026 • 52 views

From a UK Bank to Kano's Farms: How Timi Oke Built AgroEknor on Hibiscus

Most Nigerians know hibiscus as the base of zobo, the deep red drink sold at roadside stalls. Timi Oke saw an export commodity. His company, AgroEknor, ships dried hibiscus flowers grown in northern Nigeria to buyers in Mexico, the United States and Europe. Its story is a useful case study in turning an ordinary crop into a business, and in where the risks sit. The First Order In 2012, while working at a bank in the United Kingdom, Oke joined LinkedIn groups and attended trade fairs on the advice of an import-export trader. He landed his first client, a Mexican importer who wanted five containers of dried hibiscus. He took a career break, registered AgroEknor with his brother and a friend, and financed the first order through crowdfunding and personal funds. His brother travelled to Kano to buy from aggregators who gathered the flowers from smallholder farmers. When payment ...

By Abdulmumin Read More →
FG Announces 30-Day Petrol Discount Through NNPC as Fuel Prices Rise
Featured
October 9, 2026 • 60 views

FG Announces 30-Day Petrol Discount Through NNPC as Fuel Prices Rise

The Federal Government has announced a 30-day petrol discount through the Nigerian National Petroleum Company Limited (NNPC) as part of efforts to reduce the pressure of rising fuel prices on Nigerians. The announcement was made on Thursday, October 8, 2026, by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, during a briefing in Abuja. He explained that NNPC Retail would temporarily give up its retail profit margin and sell petrol at cost, with priority given to public transport operators across the country.

By Azeema Aliu Read More →
Stella Okoli’s $23 Million Plant to Boost Nigeria’s Pharmaceutical Self-Sufficiency
Featured
September 9, 2026 • 160 views

Stella Okoli’s $23 Million Plant to Boost Nigeria’s Pharmaceutical Self-Sufficiency

Emzor Pharmaceutical Industries’ $23 million Active Pharmaceutical Ingredient (API) plant in Sagamu, Ogun State, marks a significant step toward reducing Nigeria’s dependence on imported pharmaceutical ingredients. Initially focused on antimalarial medicines, the facility is expected to expand into APIs for HIV/AIDS treatment and other essential medicines, potentially strengthening local drug production, improving supply-chain resilience, creating specialised manufacturing capacity, and advancing Nigeria’s goal of pharmaceutical self-sufficienc

By Rejoice Read More →

Latest Economy

Sort by:
CBN Tightens BVN Rules — What It Means for Bank Customers from May 1st
news
• 231 views

CBN Tightens BVN Rules — What It Means for Bank Customers from May 1st

Nigeria’s central bank is introducing new rules around the Bank Verification Number (BVN), a move that could change how millions of people use digital banking services. The Central Bank of Nigeria (CBN) says the measures, set to take effect from May 1, are aimed at strengthening security, reducing fraud and improving control over the country’s financial system.

By Azeema Aliu Read More →
Lagos acquires new trains to boost Red Line capacity
news
• 173 views

Lagos acquires new trains to boost Red Line capacity

Authorities in Nigeria’s commercial capital, Lagos, have announced the arrival of a new set of trains aimed at strengthening the city’s growing rail network. The governor of Lagos State, Babajide Sanwo-Olu, confirmed that 24-car train sets have been received to support operations on the Lagos Red Line. The development is expected to increase passenger capacity, reduce waiting times, and ease daily commuting for millions of residents in the densely populated city.

By Azeema Aliu Read More →
Nigeria Turns to IMF, World Bank as Economic Pressure Mounts
news
• 167 views

Nigeria Turns to IMF, World Bank as Economic Pressure Mounts

The Nigeria’s government, led by President Bola Ahmed Tinubu, is seeking support from international financial institutions, including the International Monetary Fund (IMF) and the World Bank, as economic pressure continues to build in the nation. The move comes at a time when many Nigerians are already feeling the weight of rising prices. From food to transportation, everyday costs have increased, leaving households and small businesses struggling to keep up. While the government has introduced reforms aimed at stabilising the economy, the effects have been difficult for many citizens.

By Azeema Aliu Read More →
National Assembly Faces Mounting Pressure Over Key Reforms Amid Rising Public Concerns
news
• 150 views

National Assembly Faces Mounting Pressure Over Key Reforms Amid Rising Public Concerns

The National Assembly of Nigeria is facing increasing pressure to accelerate critical reforms as public concern grows over insecurity, governance challenges and the state of the economy. In recent weeks, calls from political stakeholders, civil society organisations and policy analysts have intensified, urging lawmakers to prioritise key legislative actions, particularly in areas such as state policing, electoral reform and fiscal restructuring. These issues are widely seen as central to addressing Nigeria’s evolving security and governance challenges.

By Azeema Aliu Read More →
Fuel Prices Surge in Nigeria, Raising Fresh Economic Concerns
politics
• 147 views

Fuel Prices Surge in Nigeria, Raising Fresh Economic Concerns

Nigeria is experiencing a sharp increase in fuel prices, with the cost of petrol rising from around ₦750 per litre in recent weeks to as high as ₦1,000–₦1,300 per litre in some parts of the country. The surge has intensified economic pressure on citizens, leading to higher transportation fares, increased food prices and growing concern among households already struggling with the rising cost of living.

By Azeema Aliu Read More →
ENTREPRENUERSHIP IN AFRICAN SCHOOLS: INNOVATION OR SURVIVAL?
economy
• 138 views

ENTREPRENUERSHIP IN AFRICAN SCHOOLS: INNOVATION OR SURVIVAL?

Across secondary schools and tertiary institutions in Africa, students no longer wait to graduate before earning incomes. From selling goods like beads, clothes, perfumes, shoes and the likes, to rendering services like photography, hair dressing, catering, tailoring and many more, young Africans are building businesses while in school. Now the question is, ARE STUDENTS BECOMING ENTREPRENUERS OUT OF INNOVATION OR OUT OF SURVIVAL?.

By John Fagbemi Read More →
THE EVOLUTION OF NIGERIA: FROM ANCIENT CIVILIZATIONS TO MODERN NATION HOOD
african-history
• 331 views

THE EVOLUTION OF NIGERIA: FROM ANCIENT CIVILIZATIONS TO MODERN NATION HOOD

Discover the deep and powerful history of Nigeria from the ancient ingenuity of the Nok civilization to the rise of sophisticated kingdoms, the impact of British colonial rule, and the hard won struggle for independence. This sweeping overview highlights the resilience, culture, and political evolution that shaped Nigeria into Africa’s most populous nation and a leading voice on the continent.

By Angeltomi Read More →
Nigeria’s $470M "Digital Eye": Is AI Actually Keeping Us Safe?
news
• 338 views

Nigeria’s $470M "Digital Eye": Is AI Actually Keeping Us Safe?

Explore the intersection of innovation and transparency as TalkAfricaNG dives into Nigeria’s landmark $470 million AI surveillance investment, a move that positions the nation as Africa’s premier "Smart City" frontrunner. While this world-class blueprint promises a tech-enabled security revolution, we examine the essential roadmap and local partnerships needed to move these ambitious digital tools from the boardroom directly to our city streets. By bridging the gap between high-level financial commitments and visible infrastructure, Nigeria is not just buying cameras but building a sustainable "Digital Watchtower" that fosters long-term trust and safety for every citizen.

By Ajayi Korede Read More →
Nigeria Is Not A Disgraced Country But A Nation That Lack Strong Structure: John Fagbemi
economy
• 470 views

Nigeria Is Not A Disgraced Country But A Nation That Lack Strong Structure: John Fagbemi

It took roughly 150–200 years of institutional development, reforms, crises, and reconstruction for the United States to become what we now describe as a developed nation. That transformation did not happen by accident. It was the result of constitutional stability, industrial expansion, institutional reforms, economic discipline, and consistent national direction over generations. Development is not magic. It is structured persistence. When we speak about Nigeria, what we need is not slanderous words of condemnation. Calling Nigeria a “disgraced nation” does not build institutions. It does not reform systems. It does not strengthen governance. Nigeria is not disgraced. Nigeria is under-structured. There is a difference. A disgraced nation suggests permanent failure. An under-structured nation suggests unrealized potential.

By John Fagbemi Read More →
Kuda MFB to Expand Experience Centres Following National License Upgrade: What It Means for You
news
• 409 views

Kuda MFB to Expand Experience Centres Following National License Upgrade: What It Means for You

Kuda MFB has secured a CBN National License upgrade, triggering a major expansion of its physical Experience Centers across Nigeria. Discover how this shift from digital-only to a hybrid banking model improves customer trust, resolves transaction issues faster, and what it means for the future of fintech in the Nigerian market.

By Ajayi Korede Read More →
Tinubu Appoints First Female Director‑General of Nigerian Law School
news
• 182 views

Tinubu Appoints First Female Director‑General of Nigerian Law School

President Tinubu has appointed Dr. Olugbemisola Titilayo Odusote as the first female Director-General of the Nigerian Law School since its establishment. Effective January 10, 2026, this historic four-year appointment sees the former Lagos Campus Head succeed Professor Isa Hayatu Chiroma, signaling a major milestone for gender representation in Nigerian legal education

By John Fagbemi Read More →

Trending in Economy

1

Nigeria, US Sign $5.1 Billion Health Deal to Boost Disease Control and Healthcare Infrastructure

863 views • December 23, 2025
2

Obi Raises Alarm Over Vote-Buying as Lawmakers Resist Reform

761 views • December 23, 2025
3

Nigeria is Now Airtel’s Most Valuable Growth Engine

573 views • May 12, 2026
4

The Moniepoint Saga and the Talent Paradox: What Nigerians Are Failing to See

482 views • May 11, 2026
5

Nigeria Is Not A Disgraced Country But A Nation That Lack Strong Structure: John Fagbemi

470 views • February 13, 2026