Nigeria’s economy
Nigeria’s Domestic Debt Reaches N66.957trn in H1 2024
Nigeria’s domestic debt stock has surged to N66.957 trillion in the first half of 2024, representing an 8.74 percent increase from N61.578 trillion...
I’ll fix the country’s economic challenges, bring down inflation, Tinubu assures Nigerians
President Bola Tinubu has assured Nigerians that his administration will fix the country’s economic challenges, including bringing down the growing inflation rate. He...
Breaking: Nigerian economy bounces stronger with over $1.5bn inflow, says CBN
The Nigerian economy has witnessed an impressive turn-around in the past few days as it records an inflow of over $1.5 billion, with...
Dangote set to disburse N15bln food items to 774 LGAs to cushion harsh economic conditions
Nigerian businessman and industrialist Alhaji Aliko Dangote says he has allocated N15 billion for food supplies to the vulnerable people across the 774...
Stagflation, not inflation, is Nigeria’s problem, says financial expert
Dr. Mukaila Akinde, the Rector of the Federal Polytechnic, Ilaro, Ogun State, says high unemployment and excessive inflation, called stagflation in economic parlance,...
Pres. Tinubu says Nigeria’s economy not distressed
President Bola Tinubu has countered the notion that the Nigerian economy is in distress, highlighting the progress so far and the unprecedented opportunities...
Tinubu set to raise N15trn to upturn nation’s economic fortunes, stabilise the Naira
President Bola Tinubu is set to unlock the economic fortunes of Nigeria with the optimal management of the assets and investments of the...
We will minimize pains of Nigerians in the short term, says Finance Minister
The Minister of Finance and Coordinating Minister of the Economy, Chief Wale Edun, on Friday led the Nigerian economic team on Friday before...
Agriculture, Construction, others to drive Nigeria’s economic growth by 3.3 percent in 2024, says World Bank
The World Bank has projected that agriculture, construction, services, and trade are expected to drive Nigeria’s economy’s growth in 2024. According to the...
Nigerian economy to experience boom as $2.25bn Afrexim bank first tranche of loan of $3.3b hits FG’s account
With the Naira ranked among the worst performing currency globally, Nigeria has received $2.25 billion out of the $3.3 billion from Afreximbank to...
Nigerians worry more about rising prices of commodities, not budgetary arithmetic — Rewane
Renowned economist and Managing Director/CEO, Financial Derivatives Company Ltd, Mr Bismarck Rewane, has said many Nigerians are not interested in the budgetary figures...
Breaking: Nigeria inflation rate hits 26.7 percent, as food prices reach all-time high
Nigeria’s inflation rate has shot up to 26.7 percent in September 2023, up from 25.8 percent in August. The nation’s annual inflation continues...
12.5kg cooking gas may hit N18,000 by December, NALPGM warns
The price of 12.5kg Liquefied Petroleum Gas (LPG) otherwise known as cooking gas may hit N18,000 by December if the Federal Government fails...
House of Reps rolls out legislative action plan to boost Nigeria’s economy
The leadership of the 10th House of Representatives has unveiled a programme of action aimed at boosting the agricultural sector, create jobs, and...
High-Interest Rates Endangers Global Economy
“The squeeze is especially acute for EMDEs with underlying vulnerabilities such as low creditworthiness. Growth projections for these economies for 2023 are less...
