Economy
News and analysis on the Nigerian economy
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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Nigeria’s inflation rate hits a new 17-year high of 20.77% in September 2022
On a month-on-month basis, the index rose by 1.36% compared to the 1.77% in August.
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Explained: Why Nigeria denied it is restructuring its debt
Explaining debt restructuring and why it was critical for Nigeria to deny any plans to restructure debts.
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Nigerian States grow IGR to N1.89 trillion in 2021 as Lagos, Abuja dwarf others
The 36 states of the federation, including the federal capital territory, recorded a cumulative IGR of N1.89 trillion in 2021.
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Food inflation: Poultry farmers warn that egg prices will keep rising
The Poultry Association of Nigeria (PAN) warned that egg prices will keep rising for Nigerians unless the FG intervenes as...
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DMO refutes earlier reports, says Nigeria is not restructuring its debt
DMO has come out to clarify comments made by the Minister of Finance on Nigeria’s debt
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