Inflation rate jumps to 12.40%, highest in over 2 years
Inflation rate rise to 12.4% in May, 0.06% points higher than 12.34% recorded in April.
Tag: Nigeria economy
FAAC disburses N780.93 billion in April, allocation increases by 34%
The Federation Account Allocation Committee (FAAC) disbursed the sum of N780.93bn to the three tiers of government in April 2020 ...
Nigeria’s foreign trade drops to N8.3 trillion, down by 18% in Q1 2020
Nigeria’s total foreign trade (import and export) rose marginally by 0.8% year on year, when compared to N8.24 trillion recorded ...
COVID -19: Nigerian companies have records of innovation to turn pandemic challenge to gold
There is no doubt that the COVID-19 pandemic has proven to be a serious challenge to the global economy, Nigeria ...
Nigeria Inflation rate hits 12.2% as food index rises
Data from the National Bureau of Statistics (NBS) reveal that Nigeria’s inflation rate increased by 12.20% (year-on-year) in February 2020. ...
KPMG reveals 7 Fault Lines that may distort Nigeria’s economy in a new decade
KPMG has revealed 7 fault lines that may distort the growth of the Nigerian economy over the new decade.
World Bank revises projection for Nigerian economy, puts growth at 2.1%
The World Bank in its latest report has downgraded Nigeria's growth prediction for 2019 to 2.1% as against the earlier ...
Revamping Nigeria’s oil palm production, a catalyst to diversification
Recently, the National Palm Produce association of Nigeria revealed that importation and illegal smuggling of Palm Oil are biting really ...
Over $17bn raised from bonds by Nigeria and other African countries – World bank
The World Bank has reported that Nigeria, Kenya, Côte d’Ivoire, and other sub-Saharan African countries raised over $17 billion from bond ...
Why Nigeria’s best are exiting to ‘better’ countries
It is not uncommon to see Nigerian students travelling abroad to complete their university education in order to avoid the ...
