Economy

Arguments against continuous monetary policy tightening by the Central Bank of Nigeria (CBN), as a sure way of reining in inflation has received international boost, with the World Bank toeing the same line in its latest report. The…
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The widespread economic hardship being witnessed in Nigeria has worsened as the nation’s food inflation climbed up to 40.66 per cent in May 2024 from 24.82 per cent as recorded in the same period last year. The National Bureau…
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An op-ed featured on Business Insider by Huileng Tan highlights the BRICS group’s ongoing initiatives aimed at diminishing reliance on the US dollar. Last year, Brazilian President Luiz Inácio Lula da Silva proposed the idea of a…
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Archbishop of the Aba Ecclesiastical Province and leader, Southern Nigeria Bishops Conference, Church of Nigeria (Anglican Communion), Dr Isaac Nwaobia, has declared that there is no hope for the country under the Bola Tinubu…
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Crude Oil and Dollar The naira has remained firm against the dollar since the country received $925m additional inflow from ‘Project Gazelle Funding Limited’, a crude oil forward sales deal between the Nigerian National Petroleum…
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At a time prices of essential commodities have skyrocketed in Nigeria with apparent lack of price control mechanism, Senegal’s new government has announced measures to cut prices on the same commodities, including rice, oil, bread,…
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By William Emmanuel Ukpoju Diageo, the parent company of Guinness Nigeria Plc, has announced its decision to withdraw from the Nigerian market after a 75-year presence. This move has ignited a flurry of reactions across social media…
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Civic-tech organization,  BudgIT disclosed Tuesday that up to N132.2 billion were budgeted for frivolities in the 2024  budget, funds that could be used to pay up to 55,083 workers a minimum wage of N100,000 monthly for 2 years. In…
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The African Export-Import Bank (Afreximbank), has released $925 million to Nigeria under a $3.3 billion syndicated credit facility sponsored by the Nigerian National Petroleum Company, Ltd. (NNPC), bringing total disbursements to…
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African Export-Import Bank (Afreximbank) has announced an additional disbursement of US$925 million under the syndicated US$3.3 billion crude oil-backed prepayment facility sponsored by the Nigerian National Petroleum Company (NNPC)…
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