Economy

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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The Senator representing Borno South, Ali Ndume, has accused politicians, the International Monetary Fund (IMF), and the World Bank of contributing significantly to Nigeria’s economic woes. Speaking during an interview on Arise TV,…
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According to a reports, the rising cost of transportation in Nigeria remains a pressing issue, particularly for workers who are struggling to cope with the surge in fuel prices and its impact on their daily lives. Many Nigerians have…
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According to reports, Despite the new N70,000 minimum wage taking effect in October, at least seven states, along with the Federal Capital Territory (FCT), have yet to implement or approve it. This delay affects workers in Zamfara,…
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