Scarcity of affordable housing options in Abuja traps poor Nigerians in slums
It is the irony in its name that first strikes you when you get to the area called Kings and...
Credit to government surges by N11 trillion in one month as private sector pays off debt
Credit to the government surged by over N11 trillion in the month of August 2024, as high interest rates make...
World Bank approves $1.57 billion for Nigeria’s three projects
The World Bank has approved three new projects for Nigeria, totalling $1.57 billion in financing.
Minister of Power says 40% of Nigerians enjoying 20 hours of daily electricity supply
The Minister of Power, Adebayo Adelabu, has said that more than 40% of Nigerians now enjoy over 20 hours of...
Average prices of 11 staple food items in Nigeria drop in August – NBS
The average prices of 11 key staple food items in Nigeria saw a noticeable decline compared to the previous month. ...
Rural unemployment rises to 4.3% in Q1 2024 as Nigeria’s labour force participation drops
Rural unemployment in Nigeria has surged to 4.3% in the first quarter of 2024. It rose from 2.9% in Q1...
Nigeria’s Bank reserves with CBN surge to N26.8 trillion amid aggressive CRR policy
Nigeria’s banking reserves surged to N26.8 trillion in August 2024, a substantial increase from N19.4 trillion a year earlier
Nigeria’s Money Supply hits N107.1 trillion in August 2024, adding N42.2 trillion in one year
Nigeria's money supply (M2) surged to a new high of N107.1 trillion in August 2024, marking a 0.75% month-on-month (M-o-M)...
Federal Government raises N264.527 billion from September bond auction amid lower rates
The Nigerian Federal Government has raised N264.527 billion at its September bond auction, according to the Debt Management Office (DMO).
Insecurity forces closure of five microfinance banks in the southeast in September 2023 – NDIC
At least five microfinance banks (MFBs) in Nigeria’s southeast were shut down in September 2023 due to insecurity in the...
