Economy
News and analysis on the Nigerian economy
Food Inflation: Average price of tomato rises 30% in one year – NBS
The NBS report also showed that the price of 1kg boneless beef rose by 24.39% year-on-year to N2,199.37
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Are import restrictions bad for the economy?
Restricting imports needed for economic activity compounded by FX crisis literally kills economic activities
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Sanwo-Olu says Lagos is a national asset, presents N1.693 trillion budget for 2023
The benefits of Lagos transcend a region of the country as all Nigerians enjoy the state’s prosperity in one way...
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New parking levy regime for Lagosians commences Q2 2023 – Lagos Govt
The new parking levy would affect religious places, event centres, streets, houses on setbacks and other public places
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FG to handle inflation by releasing food reserves, decongesting ports- Finance Minister
The Minister also stated that the government has plans to decongest ports to facilitate trade and remove roadblocks
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CBN’s move to redesign currency to bring sanity to Nigeria’s currency management -Bawa
Bawa said the move aligns with the objectives of the Money Laundering Prevention Prohibition Act 2022
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FIRS begins direct tax collection from online gaming operators
The taxes will be deducted at transaction points through the Sentinal National Payment Gateway
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Cost of preparing jollof rice rises to N9,917 per pot in September
The rising costs were induced by a lack of forex for food imports, insecurity and flooding which has destroyed large...
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CBN says countries must respect BASA agreements with Nigeria
The CBN governor lamented that Nigerian airlines were barred from entering other countries with whom Nigeria has BASA agreements
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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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