Economy
News and analysis on the Nigerian economy
Nigeria receives only 16% of World Bank loans approved under President Bola Tinubu so far
Nigeria has received only about 16% of the total loan approved by the World Bank under the administration of President...
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Nigeria’s average GDP growth rate has remained negative since 2014 – Okonjo-Iweala
The Director General of the World Trade Organization (WTO), Ngozi Okonjo-Iweala, has observed that Nigeria’s Gross Domestic Product (GDP) growth...
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FG to provide N3 billion to 36 states and FCT to mitigate effect of floodings
The Federal Government has announced its plan to provide N3 billion in support to all states in an effort to...
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Nigeria to create MAMA fund with $500 million loan from World Bank to boost primary healthcare
Nigeria is set to establish the Maternal Mortality Action (MAMA) Fund as part of an ongoing negotiation for a $500...
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Nigeria seeks World Bank’s approval to restructure $650 million loan for improved child health
The Federal Republic of Nigeria is seeking the World Bank’s approval to restructure a $650 million loan allocated to the...
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Nigerian businesses face threat of collapse amid skyrocketing inflation, low patronage
In Nigeria, small business owners are facing unprecedented challenges. The harsh economic realities of the past year have put immense...
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Inflation pushes Nigerians to borrow N4.82 trillion from banks in three months
The rising cost of living has pushed Nigerians to borrow about N4.82 trillion from banks between January and March this...
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Nigeria owes NNPCL N4.56 trillion for selling petrol at subsidized price
The Nigerian National Petroleum Company Limited (NNPCL) has informed the Federal Account Allocation Committee (FAAC) of an outstanding of N4.56...
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Nigerian businesses list insecurity as the biggest constrain in July- CBN survey
Businesses in Nigeria say insecurity is the biggest constrain to their operations according to a survey conducted by the Central...
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BVN, NIN required for subscription to Nigeria’s $500 million domestic dollar bond
The Federal Government of Nigeria has disclosed the need for specific identification requirements for its latest financial instrument, the Domestic...
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