Economy
News and analysis on the Nigerian economy
FG to restructure NYSC for diaspora inclusion – Finance Minister
The diaspora support scheme will help create jobs and facilitate inbound capital flow
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FG hits 64% of revenue generation target at N4.2 trillion with oil revenue at 27% performance
The Federal Government had set a target of N6.65 trillion for the period
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FG plans to convert CBN ways and means loans to bonds over 40 years
The CBN's Ways and Means balance climbed to N22.068 trillion in August 2022
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Naira could be devalued to N520/$ by 2023 — Bank of America
Economist says the current exchange rate is well above fair value
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Nigeria must bridge gap between fiscal and monetary policy – Osinbajo
Says import restrictions are hurting the economy
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OPEC+ Cuts: Nigeria’s Oil Minister says cuts were proactive to balance demand and supply
Meanwhile, President Biden and other Western leaders have condemned the move
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CPPE says CBN financing of the fiscal deficit caused Nigeria’s high inflation
According to the CPPE, Nigeria is suffering from an "Inflation Tax" caused by the CBN
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In 3 years, FG has proposed to spend N7.45 billion on Nigeria Air
Meanwhile, aviation stakeholders have conflicting views over the re-establishment of a new national carrier
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Rise in energy costs drives Nigeria’s transport inflation rate to highest level in 15 years
With the festive season around the corner, transportation costs could increase further due to increased demands
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Nigeria core inflation rate rise to highest level in 5 years
Nigeria’s consumer price index (less farm produce) or core inflation rose by 17.6% for the month of October 2022, the...
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