Economy
News and analysis on the Nigerian economy
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.
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Debt to GDP ratio: Nigeria not among critically indebted nations, says Foreign Minister
The Minister of Foreign Affairs, Yusuf Tuggar, has stated that Nigeria’s debt-to-GDP ratio indicates the country is not among the...
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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. ...
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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
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Rising costs, financial strain, Nigerian Food vendors tell their stories
The economic hardship in Nigeria has taken a serious toll on every sector including the food industry. In this article,...
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Banks’ recapitalization key to achieving Nigeria’s $1 trillion economy aspiration—NDIC
The Nigeria Deposit Insurance Corporation (NDIC) has said that the ongoing banking recapitalization would play a key role in the...
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Presidential tax committee to use FCT as pilot for tax harmonisation for states
The Presidential Fiscal Policy and Tax Reform Committee has announced plans to use the Federal Capital Territory (FCT) as a...
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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)...
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Tinubu appoints North-West Development Governing Board to contribute expertise in developing the region
President Bola Ahmed Tinubu has appointed the Governing Board of the North West Development Commission, pending Senate confirmation.
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Nigeria’s Carbon Market Activation policy expected to unlock $2.5 billion by 2030
The Federal Government has expressed optimism about the transformative potential of the Nigeria Carbon Market Activation Policy (NCMAP), projecting it...
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