Economy Archives - Afinju FM

Market Women Play Key Role in Politics, Community Development

Bukola Ajayi — Wed, 29 Apr 2026 11:15:07 +0000

Market women across Nigeria continue to play a significant role in shaping political participation and community development, driven largely by their grassroots influence and economic strength. Markets remain central gathering points where information spreads quickly. During election periods, politicians often rely on market women to mobilise support, encourage voter turnout, and disseminate campaign messages. Their […]

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Five popular markets in Osogbo and what people can buy there

Bukola Ajayi — Fri, 17 Apr 2026 09:26:01 +0000

Osogbo, the Osun State capital is one of the fastest-growing cities in southwestern Nigeria, and is well known for its rich culture, history, and commercial activities. One of the major features of Osogbo is its vibrant markets, where people gather daily to buy and sell different kinds of goods. These markets serve as important centers […]

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Rising Cost of Fuel in Nigeria: A Burden Too Heavy for Citizens

Bukola Kareem — Wed, 08 Apr 2026 15:12:51 +0000

Africa’s largest oil producer, Nigeria, continues to battle with a painful irony as it remains crippled by fuel scarcity and soaring petrol prices, despite being a nation rich in crude oil. This contradiction has become a major part of the country’s economic reality, placing huge pressure on citizens while raising urgent questions about governance, policy […]

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NLC blames hardship on policy failures

Mozeed Salam — Sat, 04 Apr 2026 16:48:18 +0000

The Nigeria Labour Congress (NLC) has blamed the worsening economic hardship in the country on what it described as failed and anti-people policies, urging government at all levels to embrace reforms that prioritise the welfare of citizens. President Joe Ajaero, in an Easter message, has made it known that the current suffering of Nigerian workers […]

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Osun Launches ₦16.5bn Road Infrastructure to Revitalize Ilesa Economy

Boluwatife Ajayi — Sat, 07 Feb 2026 15:44:54 +0000

The Osun State Government said the N16.5 billion dual carriageway and 10 township roads in the Ilesa industrial corridor were constructed to stimulate economic growth, expand business hubs, and support start-ups in the ancient town. The Director of Highways, Engr Moruf Ojebode, disclosed this in a chat with newsmen during an inspection of the projects that the […]

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Oyedele – No automatic bank deductions under new tax laws

Boluwatife Ajayi — Wed, 31 Dec 2025 14:38:03 +0000

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has assured Nigerians that the new tax laws scheduled to take effect on January 1, 2026, will not involve automatic deductions from personal bank accounts, as the reforms are based on self-declaration rather than direct debits. Oyedele gave the assurance while […]

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New Tax Laws Will Take Effect January 1, Tinubu Insists

Boluwatife Ajayi — Wed, 31 Dec 2025 08:59:04 +0000

President Bola Tinubu has dismissed calls made by opposition figures and pressure groups to delay the implementation of the newly enacted tax laws. In a statement, Tinubu insisted that the tax laws will take effect on January 1, stressing that the reforms are not intended to impose additional tax burdens on citizens. Instead, he explained that […]

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Anambra Governor Soludo Signs 2026 budget, 3 Other Bills Into Law

Boluwatife Ajayi — Mon, 29 Dec 2025 17:18:02 +0000

Anambra State Governor, Professor Chukwuma Soludo, has signed four Bills, including the 2026 Appropriation Bill into law. The Bills were recently passed by the State House of Assembly. The state’s budget was increased from N757.5 billion, to N766 billion by the state House of Assembly which, the lawmakers said, was to drive economic growth, infrastructure […]

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Reps Minority Caucus Calls For Suspension of Tax Reforms Implementation

Boluwatife Ajayi — Mon, 29 Dec 2025 10:41:40 +0000

The Minority Caucus of the House of Representatives has expressed deep concern over allegations that recently passed Tax Reform laws may have been unlawfully altered after being approved by the National Assembly and signed into law by President Bola Ahmed Tinubu. In a statement issued on behalf of the caucus, the Minority Leader, Rep. O.K. […]

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FG Cancels $1.42bn, N5.57tn NNPC debt

Boluwatife Ajayi — Mon, 29 Dec 2025 09:07:56 +0000

President Bola Tinubu has approved the cancellation of a substantial portion of the debts owed by the Nigerian National Petroleum Company Limited to the Federation Account, wiping off about $1.42bn and N5.57tn after a reconciliation of records between both parties. The report, titled “Report of October 2025 Revenue Collection Presented at the Federation Account Allocation […]

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