Economy

The Federal Government has launched a digital portal for the $25 million Cabotage Vessel Financing Fund, giving indigenous shipowners access to long-awaited funding for vessel acquisition. The initiative aims to boost local participation in shipping, create jobs, and strengthen Nigeria’s maritime industry.

The Federal Government and Edo State have advanced plans to establish an indigenous airline operating from Benin Airport following talks between Aviation Minister Festus Keyamo and Governor Monday Okpebholo. The initiative aims to boost connectivity, attract investment, create jobs, and reposition Benin City as a key aviation hub in line with President Tinubu’s Renewed Hope Agenda.

Global tech companies announce new layoffs as economic pressures force firms to cut costs and restructure operations.

Rising transport fares across Nigerian cities spark complaints from commuters struggling with increasing living costs.

Global oil prices surged amid supply fears, triggering market volatility and raising concerns over inflation and energy costs.

Traders in Benin City protested alleged multiple taxation and harassment by revenue agents, calling for urgent government intervention.

Fuel scarcity fears are rising nationwide as marketers clash with the Federal Government over pricing, logistics costs, and supply sustainability.

Nigeria’s rising inflation continues to strain household spending as food, transport, and living costs remain high.

Nigeria’s National Assembly has resumed sessions with emphasis on electoral reforms and economic recovery initiatives.

Edo State Government has begun rehabilitating key rural roads to improve agricultural productivity and ease transportation challenges for farmers.