Economy
News and analysis on the Nigerian economy
Nigeria’s rice import falls by 98.4% to 15 metric tonnes in 7 months
Nigeria only imported 15MT of rice between January and July 2022, the lowest figure on record
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Moody’s scores Nigeria highly negative on ESG, cites flooding as reason for rating
Nigeria’s exposure to environmental risks carries very high credit risks
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Moody’s downgrades Nigeria’s local and foreign currency ratings
In further explaining the rating decision, Moody appears to have referenced recent comments by Nigeria's minister of finance that the...
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What to do with the naira as inflation hit a 17-year high
The main plan of action should be how to protect your finances from inflation-related devaluation
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Governors warn that CBN’s proposed loan recovery from FAAC revenue is “suicidal”
Meanwhile, the National Economic Council (NEC) said it will negotiate with the CBN and the Finance Ministry on the matter
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Police explains why teargas was fired at #EndSARS protesters at Lekki Tollgate
The Police had earlier warned that the protesters should not stop or hold a rally at the tollgate
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Nigeria’s external reserves fall to lowest level in 2022
This is the lowest level recorded this year according to checks by Nairametrics
Read moreDetailsPrice of domestic rice surges as floods threaten Nigeria’s food security
Nigerians have continued to grapple with sustained food crises caused by supply chain disruptions, insecurity, low farm yields and flooding...
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FG to restructure NYSC for diaspora inclusion – Finance Minister
The diaspora support scheme will help create jobs and facilitate inbound capital flow
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FG hits 64% of revenue generation target at N4.2 trillion with oil revenue at 27% performance
The Federal Government had set a target of N6.65 trillion for the period
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