Economy
News and analysis on the Nigerian economy
Food inflation rises to 23.7% as floods destroy farmlands
The increase was driven by a significant hike in the prices of essential food items
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Nigeria’s inflation rate accelerates to 21.09% in October 2022
The highest increases in the core basket were recorded in prices of gas, liquid fuel, passenger transport by air, solid...
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Nigeria to implement “Vision 2050” to increase GDP per capita to $33,000- Minister
Nigeria is currently in the second year of its National Development Plan (NDP), 2021- 2025, which replaced the Economic Recovery...
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Nigerian economy must be transformed to achieve prosperity – NESG chairman
We must succeed in transforming the Nigerian economy into the complete opposite of what it is today
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Nigerians spend N9.5 trillion monthly on living expenses
Recent reports suggest that a pot of jollof rice costs an average of N10,000 for a family of five
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Fitch downgrades Nigeria’s credit rating to near Junk status
Nigeria is now rated six notches above default, and on par with Ecuador and Angola. According to a Friday statement,...
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House of Reps revisits bill on diaspora voting
If the bill is passed, eligible Nigerians in the diaspora would be able to vote in national elections
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Federal Government budgets N532.7 billion for 2023 Census
The NPC boss said the 2023 national census would mark a great departure from the past, as it would be...
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Ghana’s Inflation rate hits 40.4% for October 2022
This is what it means for Nigerians.
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Nigeria’s real inflation rate is actually 52%, far above NBS reports – Steve Hanke
Professor Steve H. Hanke measured the inflation rate in Nigeria using high-frequency, free-market exchange-rate data in combination with Purchasing Power...
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