Economy
8 LAS News stories tagged “Economy”, newest first. Every story links its sources.
President Tinubu Rejects Fuel Subsidy Reinstatement, Citing Economic Risks
President Bola Tinubu reiterated his refusal to restore Nigeria’s petrol subsidy, arguing that doing so would damage the economy and raise fuel prices, while Finance Minister Taiwo Oyedele warned of capital flight and a weaker naira.
Photo: Chatham House / Wikimedia Commons · CC BY 2.0
LAS News Desk · 20 Oct 2026, 06:15 WAT · 2 sources
Tinubu vows no return to fuel subsidy amid opposition criticism
President Bola Tinubu reaffirmed that Nigeria will not reinstate the fuel subsidy, comparing the decision to the biblical Exodus, while opposition parties accuse the administration of covertly subsidising fuel and warn of economic hardship.
Photo: Chatham House / Wikimedia Commons · CC BY 2.0
LAS News Desk · 20 Oct 2026, 00:45 WAT · 3 sources
Nigerian phone traders demand 90‑day pause on new registration fees
The Association of Mobile Phones and Allied Products Traders of Nigeria (AMPATN) has called for a three‑month suspension of the proposed phone registration charges, arguing that the fees could raise device prices and threaten livelihoods across the country.
LAS News Desk · 17 Oct 2026, 20:16 WAT · 2 sources
Wike links Nigeria’s economic recovery to Tinubu reforms amid political tensions
Federal Capital Territory minister Nyesom Wike argued that sustaining President Tinubu’s reform agenda is essential for Nigeria’s recovery, while former presidential aide Laolu Akande suggested his political survival is tied to the APC’s 2027 election strategy.
LAS News Desk · 17 Oct 2026, 19:15 WAT · 2 sources
IMF chair notes global resilience amid Russian‑Ukraine dispute walkout
At the IMF and World Bank meetings in Bangkok, chair Mohammed Al‑Jadaan said the global economy remains resilient but warned against complacency, while about half of delegates walked out in protest of Russia’s finance minister’s remarks on the Ukraine war.
LAS News Desk · 17 Oct 2026, 13:15 WAT · 2 sources
PRP candidate Donald Duke says security costs outpace Nigeria's oil production expenses
Donald Duke, the People's Redemption Party presidential hopeful, argues that Nigeria spends as much as $15 per barrel on security, pushing total oil costs to $25‑$45 and inflating petrol prices, and calls for reforms to lower fuel costs.
LAS News Desk · 16 Oct 2026, 12:15 WAT · 2 sources
Nigeria's headline inflation eases to 14.6% in September as energy costs jump
The National Bureau of Statistics reported a fall in overall inflation to 14.63% in September 2026, the fourth consecutive monthly decline, while energy inflation more than doubled to 10.85% and food prices remained high.
LAS News Desk · 15 Oct 2026, 19:15 WAT · 10 sources
