Economy
News and analysis on the Nigerian economy
2023 National budget foreclosed economic growth and jobs – Presidency
Mr. Bayo Onanuga, the Special Adviser to the President on Information and Strategy, has said that the 2023 national budget...
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Tinubu’s “renewed hope” economic plan dashing hopes of Nigerians – Atiku Abubakar
Former vice president of Nigeria, Atiku Abubakar, has slammed President Bola Tinubu-led administration, particularly its “renewed hope” economic plans, adding...
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SERAP gives Tinubu 7-day ultimatum to probe missing $3.4 billion IMF loan
SERAP has urged President Bola Tinubu “to direct the Attorney General of the Federation and Minister of Justice Mr Lateef...
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S&P affirms Nigeria’s credit outlook at stable, says inflation and exchange rate remains challenging
Global credit ratings agency, Standard and Poor (S&P) has affirmed Nigeria's short-term foreign and local currency sovereign credit worthiness at...
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FX Crisis: Exchange rate for cargo clearance jumps by 4.4% from N1356.8/$ to N1413.6/$ in 24 hours
The exchange rate for cargo clearance witnessed an increase to N1413.6/$ barely 24 hours after CBN, raised the rate N1,...
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Nigeria Ranked 109 of 125 countries in 2023 Global Hunger Index — Report
A global hunger index report published has ranked Nigeria 109 out of 125 countries as one of the countries with...
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Benin Republic to raise $750 million in first ever dollar-bond issuance
According to a report from Reuters, Benin Republic is seeking to raise $750 million in its first ever dollar denominated...
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New minimum wage threatened as inflation may get uncontrollable – Economists
As President Bola Tinubu sets up a committee to decide a new minimum wage for Nigerian civil servants, it would...
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Business activities gain momentum as Nigeria’s PMI rises to 54.5 in January
Business activities gained momentum in January as the Stanbic IBTC Purchasing Managers’ Index rose to 54.4 from 52.7, driven by...
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FG yet to recover over N2 trillion debt from Miners – Dele Alake
The Minister of Solid Minerals Development, Dele Alake, has said the federal government is yet to recover a swooping debt...
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