Economy

News and analysis on the Nigerian economy

Cote d’Ivoire starts Ebola vaccination of frontline workers

Socio Economic

Over 10 million Nigerians received at least 1 dose of Covid vaccine in 2021

by William Ukpe

January 1, 2022

10,310,476 Nigerians have received at least one dose of the Covid-19 vaccine in 2021. This was revealed in an online...

Reactions trail President Buhari’s signing of the Petroleum Industry Bill

Budget

Full text of Buhari’s speech after signing 2022 budget into law, unhappy with changes by NASS

by Chike Olisah

December 31, 2021

President Muhammadu Buhari earlier today signed into law the 2022 Appropriation bill of N17.126 trillion, representing an increase of N735.85...

Budget

President Buhari signs N17.126 trillion 2022 budget into law

by Abiola Odutola

December 31, 2021

President Muhammadu Buhari has signed the 2022 Appropriation Bill of N17.126 trillion into law. The budget was presented to the...

Chinese debt trap, Nigerian Economy: Solution To Fixing Buharinomics

Macros

Nigeria’s debt service pressure expected to persist in 2022 and beyond – Report

by Ubah Jeremiah Ifeanyi

December 31, 2021

The Centre for the Promotion of Private Enterprises has stated that pressure from debt service is expected to persist in...

WHO Director confirms Africa has lowest vaccination coverage at 2%, , WHO advices countries against rolling out booster shots

Socio Economic

WHO warns that Omicron could produce Covid-19 tsunami as daily cases hit record levels

by Chike Olisah

December 31, 2021

The World Health Organization (WHO) has warned that the Omicron and Delta variants could produce a tsunami of Covid-19 cases...

COVID-19: Nigeria occupies 6th position in recovery rate in West Africa

Socio Economic

NCDC reports 1,355 new cases of covid-19 as spread surges by 126%

by Samuel Oyekanmi

December 30, 2021

The Nigeria Centre for Disease Control (NCDC) reported 1,355 new cases of the covid-19 on Wednesday, 29th December 2021. This...

diaspora remittances, Total credit to the economy rose to N19.54trillion – CBN Governor, CRR debits, P-AADS, #EndSARS: CBN says funds in frozen accounts may be linked to terrorist activities, Covid-19: Court closures impacted revenue generation for courts - Emefiele, P&ID dispute: UK Court orders $200 million guarantee to FG, Leaked letter by Poultry Farmers Association triggered CBN emergency approval to import maize, nImplications of CBN's latest devaluation and FX unification, current account deficit, IMF, COVID-19, CBN OMO ban could give stocks a much-needed boost , CBN’s N132.56 billion T-bills auction records oversubscription by 327% , Nigeria pays $1.09 billion to service external debt in 9 months , Implications of the new CBN stance on treasury bill sale to individuals, Digital technology and blockchain altering conventional banking models - Emefiele , Increasing food prices might erase chances of CBN cutting interest rate , Customer complaint against excess/unauthorized charges hits 1, 612 - CBN , CBN moves to reduce cassava derivatives import worth $600 million , Invest in infrastructural development - CBN Governor admonishes investors , Credit to government declines, as Credit to private sector hits N25.8 trillion, CBN sets N10 billion minimum capital for Mortgage firms, CBN sets N10 billion minimum capital for Mortgage firms , Why you should be worried about the latest drop in external reserves, CBN, Alert: CBN issues N847.4 billion treasury bills for Q1 2020 , PMI: Nigeria’s manufacturing sector gains momentum in November, CBN warns high foreign credits could collapse Nigeria’s economy, predicts high poverty, MPC Member, BVN, Fitch, Foreign excchange (Forex), Overnight rates crash after CBN’s N1.4 trillion deduction, Nigeria’s foreign reserves hit $36.57 billion; Emefiele keeps his word on defending the naira, CBN to support maize farmers, projects 12.5 million metric tons in 18 months, BREAKING: CBN Upscales Greenwich Trust Limited, grants it's operational license for merchant banking, AGSMEIS: CBN expand beneficiaries to 14,638., CBN expands access to mortgage financing

Macros

Nigeria spends N977 billion servicing debt in 6 months

by Ubah Jeremiah Ifeanyi

December 30, 2021

The cost of domestic debt service of the Federal Government stood at N977.03 billion at end-June 2021, representing an increase...

Lagos joins Rivers state, passes VAT, anti-open grazing bills into law

Budget

Lagos Assembly increase budget as they pass N1.758 trillion for 2022 fiscal year

by Chike Olisah

December 30, 2021

The Lagos State House of Assembly on Wednesday evening passed the 2022 budget estimates of N1.758 trillion, with capital expenditure...

Socio Economic

South African study shows that Omicron could displace Delta

by Chidinma Anyalewechi

December 29, 2021

South African scientists have discovered that the Omicron variant could potentially displace the Delta variant of the coronavirus as research...

Budget

National Assembly transmits 2022 budget, Buhari to sign appropriation bill on Friday

by Chike Olisah

December 28, 2021

The Presidency has confirmed that President Muhammadu Buhari will sign the 2022 Appropriation Bill on Friday, December 31, 2021. This...

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Top 10 most affordable states in Nigeria – February 2026

TrustBanc launches N20b Commercial Paper issuance: Takeaways for investors

Ghana inflation risks rise ahead of March 18 rate decision

US begins forced-labour trade probe against Nigeria, 59 others

Economy

News and analysis on the Nigerian economy

Over 10 million Nigerians received at least 1 dose of Covid vaccine in 2021

Full text of Buhari’s speech after signing 2022 budget into law, unhappy with changes by NASS

President Buhari signs N17.126 trillion 2022 budget into law

Nigeria’s debt service pressure expected to persist in 2022 and beyond – Report

WHO warns that Omicron could produce Covid-19 tsunami as daily cases hit record levels

NCDC reports 1,355 new cases of covid-19 as spread surges by 126%

Nigeria spends N977 billion servicing debt in 6 months

Lagos Assembly increase budget as they pass N1.758 trillion for 2022 fiscal year

South African study shows that Omicron could displace Delta

National Assembly transmits 2022 budget, Buhari to sign appropriation bill on Friday

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