Economy - Page 24

The Economy section of The Beacon NG brings you up-to-date coverage, expert insights, and in-depth analysis on Nigeria’s financial system, markets, inflation, trade, oil and gas, foreign exchange, startups, and economic policy.

From national budget debates to global economic shifts affecting local livelihoods, we break down complex issues into clear, actionable reporting. Whether you're a business owner, policymaker, investor, or everyday reader seeking clarity on economic trends, this section helps you stay informed and ahead.

Economy·News·News Update·Politics

Court Frees Fayose, Says EFCC Failed to Link Him to Money Laundering

The Federal High Court in Lagos has discharged the former Governor of Ekiti State, Ayodele Fayose, on charges of money laundering and theft amounting to ₦6.9 billion. Justice Chukwujekwu Aneke discharged the former governor after upholding his no-case submission filed to challenge

July 16, 2025

Economy·News

BREAKING NEWS: Dangote Refinery Reduces PMS Price For Marketers.

In a significant update, the Dangote Refinery has announced a reduction in the price of Premium Motor Spirit (PMS), commonly referred to as petrol. The new price will drop from N990 per litre to N970 per litre for the marketers. This announcement

by Abraham Iluobe

November 24, 2024

Economy

UK Embassy Announces Changes to Visa Application Process in Nigeria

The UK embassy has announced updates regarding visa applications and processes through a statement on its X (formerly Twitter) account. These updates will involve changes to the locations where applicants can submit and collect their documents. The statement noted, “Our visa application

by News Room

November 22, 2024

Economy

We Buy Condemned/Used Batteries at Edward Louis Limited

Do not throw away your condemned or used batteries any more. A reputable company called Edward Louis Limited is offering to give you money for your condemned or used batteries. You can reach out to them on 08063551513 or 08099972078.

by News Room

November 20, 2024

Economy

Nigerian Electricity Regulatory Commission (NERC) Directs DisCos to Replace Old Electricity Meters Free of Charge.

The Nigerian Electricity Regulatory Commission in a public notice released has made it known that they are aware that some Distribution Companies (DisCos) have instructed customers to apply and pay for the replacement of faulty and obsolete meters within their franchise areas.

by News Room

November 19, 2024

Economy·News

Nigerians Await Drop In Pump Price As NNPCL Hits 1.8m Barrels Per Day Crude Oil Production

The Nigerian National Petroleum Company Limited (NNPCL) says it has reached the mark of 1.8 million barrels per day of crude oil production. The company also stated that it is set to hit the two million barrels per day target set by

by Abraham Iluobe

November 14, 2024

Economy

IPMAN, Dangote Reach Agreement For Direct Lifting Of Petrol, Diesel

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has secured an agreement with Dangote Refinery to lift products directly IPMAN National President, Abubakar Garima, announced this in Abuja on Monday after a meeting of the National Working Committee of the Association. He

by Abraham Iluobe

November 11, 2024

Economy

Electricity Discos jerked up metre prices.

Electricity Distribution Companies (DisCos) in Nigeria have significantly increased the prices of electricity meters. This price adjustment took effect on Tuesday, November 5, 2024, as observed in posts across various social media channels belonging to these DisCos. The cost of single-phase meters

by Yomi Akinfesoye

November 11, 2024

Economy

Bitcoin digital currency passed $80,000 for the first time in history.

by Yomi Akinfesoye

November 10, 2024

Economy·News

President Elect, Donald Trump prepares to withdraw from Paris climate agreement.

According to a report from the New York Times on Friday, Donald Trump’s transition team has devised executive orders and proclamations to withdraw from the Paris climate agreement and reduce the size of certain national monuments to facilitate increased drilling and mining

by The Beacon

November 10, 2024

Economy·News

No opposition to Okonjo Iweala’s second term bid as WTO DG.

by Abraham Iluobe: Nigeria’s Ngozi Okonjo-Iweala has emerged as the sole candidate for the role of director-general at the World Trade Organisation (WTO). The WTO said the former Nigerian finance minister agreed to a second term for the organisation’s top job. “Nominations

by Abraham Iluobe

November 10, 2024

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