Economy
News and analysis on the Nigerian economy
Foreign Investments from countries visited by Tinubu, Shettima crash by 62.4% in Q3 2023
A quarterly analysis reveals that capital inflow dropped from $643.3 million in Q2 2023 to $242.09 million in Q3 2023...
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CBN is still short of the amount needed to clear forex backlog – Fitch Ratings
Credit ratings agency Fitch stated on Thursday that the CBN continues to face a shortage of foreign exchange to clear the...
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Governor Otti appoints Sanusi, Okonjo-Iweala, 17 others as members of Abia Economic Council
Abia State Governor, Alex Otti has listed Dr. Ngozi Okonjo-Iweala, former CBN governor Khaleefa Sanusi II and 17 other prominent...
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FG struggling to redeem promissory notes as CBN ‘declines’ Ways and Means overdraft request
The Federal Government is facing challenges redeeming promissory notes and other debt obligations maturing as the Central Bank of Nigeria...
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Tinubu’s preference for lower interest rates to test CBN’s stance on tightening monetary policy
President Bola Tinubu’s plan to reduce interest rates in the country may clash with the existing tightening monetary policy of...
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FG to create two million digital jobs every year- V.P Shettima
Nigeria’s Vice President, Sen. Kashim Shettima has stated that the federal government plans to create two million digital jobs yearly...
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AfDB approves capital investment of $10.5 million to support sub-Saharan African businesses
The Board of Directors of the African Development Bank (AfDB) has approved a capital investment of $10.5 million in a...
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Taiwo Oyedele says only 10% of $20 billion 2023 Diaspora remittances end up in Nigeria
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has disclosed that a mere 10%...
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WEF: Nigeria is set to participate fully in Global Value Chains – Shettima
Vice President Kashim Shettima has revealed that Nigeria is set to embrace the practice of Global Value Chains (GVC) at...
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WEF: AfCFTA can increase Africa’s GDP by $450 billion in 2035 – Shettima
Vice President Kashim Shettima on Thursday said that the African Continental Free Trade Area (AfCFTA) can potentially raise Africa's Gross...
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