Economy

The National Association of Nigerian Students (NANS) has urgently called on President Bola Tinubu to take immediate action to tackle the pressing issues of hunger and economic hardship that many Nigerians are facing. The student…
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Minister of Finance, Wale Edun, has said that non-implementation of economic reforms by past administrations is the reason Nigerians are in pain, discomfort, and difficulties under President Bola Ahmed Tinubu’s reforms. Edun said…
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The National Assembly has come under heavy criticism for the swift approval of President Bola Tinubu’s loan requests, raising Nigeria’s debt profile to an alarming N138 trillion. Experts and stakeholders have expressed concerns over…
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The naira appreciated on the strength of external borrowing approval, FX intervention, and sustained increase in external reserves. Increased demand for foreign currencies in Nigeria has caused the naira to lose its allure. On…
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Nigeria’s inflation has gone beyond raising rates and implementing other monetary instruments in anticipation of a decline, according to Adeola Adenikinju, president of the Nigerian Economic Society (NES). Adenikinju said while the…
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Forex Economic analysts have indicated that while the nominal value of the 2025 budget has significantly increased, it has decreased by 18.25 per cent in dollar terms compared to the 2022 estimate. They stated this following the…
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Debt Nigeria has retained its position as the third-largest debtor to the World Bank’s International Development Association (IDA) with its exposure climbing to $17.1bn as of September 30, 2024. According to the World Bank’s latest…
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The International Monetary Fund, IMF, has advised the Nigerian government to refine its reforms to make them acceptable and supported by the citizens who have been grossly affected by them. The IMF, in its latest Regional Economic…
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…Say Expansionary Budget Will Further Fuel Inflation …N1,400 Benchmark Exchange Rate, $75 Oil Price Will Widen Fiscal Deficit Some financial experts have criticized Nigeria’s N47.9trn 2025 proposed budget for unrealistic…
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Analysts anticipate inflationary pressure to persist in November The Nigerian National Petroleum Company (NNPC) Limitedand oil marketers operating in the country imported 1.5 million metric tonnes of petrol and 414,018.764 metric…
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