Tag
NIGERIAN ECONOMY
Nigeria's debt to the World Bank has increased by $1.07 billion under President Bola Tinubu’s administration.
A significant factor contributing to the exodus of multinational companies is the declining purchasing power of Nigerian consumers
The first quarter GDP as released by the Nigerian Bureau of Statistics (NBS), revealed a decline in the real estate and construction sector’s growth in Q1 2024.
The naira maintained the N1500 bandwidth against the dollar at the parallel market, while the U.S. dollar index broke higher than 105 index points.
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has stated that the government of President Tinubu was not responsible for the economic conditions that led to the shutdown of about 800 companies in 2023 in Nigeria.
AI, with its immense capabilities for data analysis, automation, and intelligent decision-making, is uniquely positioned to address some of Nigeria's most pressing economic issues
Japan's $60 billion intervention failed to strengthen the Yen, while Nigeria's similar strategy hasn't stabilized the Naira either.
It was learnt last week that the drivers of the new power tariffs in Nigeria are the exchange rate of the Naira to the US dollar and inflation.
For the second week in a row, the dollar index has increased, rising 0.8 percent to 104.095 index points.
Grace, a commuter on a Danfo bus was seen on Sunday, March 10 eating fufu and moin moin, a popular Nigerian bean pudding.
Nigeria’s Vision 20: 2020, like a number of other development ambitions, has failed woefully. Instead of rising to at least the 20th globally by GDP, the World Bank says Nigeria is currently 31st globally with GDP as of March 12, 2024.
Prices of essentials in Nigeria are reaching all-time highs. If we were to plot some of these commodities on a price chart, with price on the Y axis and time on the X axis, we would probably see a parabolic expansion higher.