English

Economics at independent.ng

Thursday, Mar 26

17

BREAKING: Trump Says African Fans Will Pay $15k To Watch World Cup Matches In US

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The policy primarily affects citizens from Algeria, Senegal, Ivory Coast, Tunisia, and Cape Verde. The Trump administration said the policy is a “Visa Bond” aimed at reducing visa overstays and…

16

Delta Cleric Calls On Tinubu To Revive Delta Seaports

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President Bola Ahmed Tinubu has been called upon to revive various Sea ports in Delta State in keeping with his campaign promises when seeking to be elected in 2023 as…

14

#GlobalOilPrice Debate: Nigerians Applaud Dangote Refinery’s Role In Easing Local PMS Supply Pressure

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The conversation around petrol pricing in Nigeria continues to generate mixed reactions across social media, with citizens debating the implications of global oil market realities on domestic fuel costs. While…

12

Oceangate Engineering Oil & Gas LTD To Appeal Federal High Ruling Over Forfeiture Assets

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Oceangate Engineering Oil & Gas Limited has said it will appeal to the recent ruling of the Federal High Court ordering the forfeiture of certain assets. Barr. Nnenna Onyeaso, the…

11

The AI Era Will Not Replace Software Engineers, It Will Strengthen Them

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Every few months, the tech industry declares software engineering dead. First it was no-code. Then low-code. Now it’s AI. ChatGPT writes code. Copilot auto-completes entire functions. Devin supposedly runs entire…

08

Telecom Consumers Lose N12.5bn To AI-Driven Scams — PWC Report

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The latest industry data by PWC has revealed that a staggering N12.5 billion was siphoned from Nigerian telecom consumers over the past years (2019-2023), through escalating digital fraud schemes. This…

‘5G Users In Africa To Reach 382 Million By 2030 Up From 54 Million’

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LAGOS – About 382 million (21%) African telecom subscribers are projected to be connected to the 5G (fifth-generation) network by 2030, from approximately 12% in 2025. This is according to…

NITDA Targets $13bn From Nigeria’s Creative Industry

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LAGOS – The National Information Technology Development Agency (NITDA) is targeting over $13 billion from Nigeria’s creative industry by boosting digital skills, infrastructure, and regulation to drive economic diversification. Speaking…

Nigeria’s Oil Output Hits 11 Months Low Despite Reforms

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…Raises Fresh Concern Over 2026 Budget Expectations LAGOS – Nigeria’s crude oil production suffered a sharp setback in February, underscoring the fragility of the country’s upstream sector despite ongoing reform…

NERC Approves Adegbenro Acting CEO Of Eko DisCo, Calls For Increase In Consumer Education Reporting

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ABUJA – The Nigerian Electricity Regulatory Commission (NERC) has approved the appointment of Ms. Sherifat Adegbenro as the Acting Chief Executive Officer of Eko Electricity Distribution Company (EKEDP), in a move…

07

Elon Musk Just Announced Plans To Build Chip Factories That Will Produce Double What The Entire U.S. Makes Today

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SpaceX and Tesla will build “Terafab,” two advanced chip factories in Austin, Texas — one for cars and humanoid robots, another for AI satellites.to clipboard There is a chip shortage…

FX Inflows Surge 45% To $4.4bn As Carry Trade Drives Liquidity Boost, Stabilises Naira

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Nigeria’s foreign exchange market recorded a strong resurgence in February 2026, with total inflows rising sharply by 45 per cent month-on-month to $4.4 billion, reinforcing a third consecutive month…

Reverse Entrepreneurship Series (3)

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Build Around a Five- Year Customer Cluster A customer cluster is a group of related customers who share similar needs, behaviors, or characteristics. Instead of chasing random, one-off customers, you…

REDWOLF Company Bags Workplace Global Accreditation

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LAGOS – The RedWolf Company, a digital-first agency in Nigeria, has been named the Best Agency Workplace in Nigeria by Agency Workplaces, a global organisation dedicated to culture recognition for…

Spectranet, Legend Internet In Merger Talks

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LAGOS – Legend Internet Plc, an internet service provider, plans to merge with Spectranet, Nigeria’s largest ISP by subscribers, in a deal that signals a new wave of consolidation as…

Life Insurers May Face Staff Cuts Amid Recapitalisation Push

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Fresh concerns are emerging in Nigeria’s insurance industry as workers in life insurance companies face growing job insecurity amid the ongoing recapitalisation exercise under the Nigerian Insurance Industry Reform Act…

05

Cybersecurity Skills Shortages Worsen Supply Chain Risks

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A shortage of qualified IT security workers is hampering efforts by global organisations to prioritise various security tasks that would mitigate the risk of supply chain and trusted relationship attacks.…

04

China’s Leadership In Regional Sustainability

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For the past two decades, APEC, the Asia-Pacific Economic Cooperation forum, has been reshaping the Asia-Pacific’s approach to growth. Since the 2011 Honolulu Leaders’ Declaration, APEC has placed “green growth”…

Daily Economy To Mark 2nd Anniversary With Insurance Book Launch

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Daily Economy Concept, the Publisher of Daily Economy, a fast-growing multimedia platform, has announced plans to celebrate its second anniversary with the official launch of a landmark book titled “Trends…

FG Inaugurates PenCom Board, Tasks Members On Governance, Protection Of Pension Assets

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LAGOS – The Federal Government has inaugurated the Governing Board of the National Pension Commission (PenCom), charging members to uphold the highest standards of corporate governance and safeguard over…

Wednesday, Mar 25

00

Union Bank Stability Not In Doubt, CBN Reassures Stakeholders After Court Judgment

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The Central Bank of Nigeria (CBN) said it is weighing its next steps after a ruling by the Federal High Court in Lagos declared its…

23

We Invite You To Join NDC – Sen Dickson Tells Politicians, Other Nigerians

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National Leader of the Nigeria Democratic Congress, NDC, and former Governor of Bayelsa State, Senator Henry Seriake Dickson, has invited members of other parties, including the All Progressives Congress (APC),…

2026 FELAS Technovator Award: Husk Power Charges Energy Industry Players On Best Practices Compliance

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Husk Power, winner of the 2026 FELAS Technovator award for pioneering technology-driven renewable energy solutions that expand access to clean power in underserved communities, has tasked energy industry players on…

22

Capital Importation Hits $6.44bn In Q4 2025, Up 26.6% Year-on-Year -NBS

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Nigeria’s capital importation surged to $6.44 billion in Q4 2025, according to the latest National Bureau of Statistics (NBS) report released in March 2026. The figure, released on Wednesday, marks…

Foiled Pipeline Sabotage: PINL Warns Guards, Contractors Against Collusion, Negligence

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Pipeline Infrastructure Nigeria Limited (PINL), responsible for securing the Eastern Corridor of the Trans Niger Pipeline (TNP), has issued a stern warning to its surveillance contractors and personnel following reports…

19

NERC Unveils Unified Regulators’ Forum To Close Market Gaps

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The Nigerian Electricity Regulatory Commission (NERC) has launched a new coordination platform bringing together federal and state electricity regulators, in a move aimed at tightening oversight and improving consistency across…

NSIA Insurance To Jettison Life Insurance Class, Commences Staff Disengagement

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As the recapitalization of insurance companies in Nigeria intensifies, one of the composite insurers, NSIA Insurance Limited has moved to drop its life insurance portfolio and similarly commences disengagement…

18

Ghana’s President Accuses The US Of ‘Normalising’ The Erasure Of Black History

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GHANA’S President John Dramani Mahama on Tuesday accused the administration of US President Donald Trump of “normalising” the erasure ‌of black history. Since his return to power, President Trump has…

Olawoyin Vows Action-Oriented Representation For Egbeda State Constituency At OYHA

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A leading aspirant for the Egbeda State Constituency seat in the Oyo State House of Assembly under the All Progressives Congress (APC), Hon. Temitope Olawoyin, has pledged to deliver impactful…

17

MoneyMaster Rewards Customers With Data, Airtime

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MoneyMaster Payment Service Bank (MMPSB) has rejigged its mobile banking application, with strokes of elegance, efficiency and intuitive design. The bank, a foremost player in the payment service banking landscape,…