Economy

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…
Read More...

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…
Read More...

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…
Read More...

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…
Read More...

…Say Expansionary Budget Will Further Fuel Inflation …N1,400 Benchmark Exchange Rate, $75 Oil Price Will Widen Fiscal DeficitSome financial experts have criticized Nigeria’s N47.9trn 2025 proposed budget for unrealistic…
Read More...

Analysts anticipate inflationary pressure to persist in NovemberThe 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…
Read More...

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,…
Read More...

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…
Read More...

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,…
Read More...

Prof. Sebastiane UremaduProfessor of Banking and Finance at the Michael Okpara University of Agriculture Umudike, Sebastiane Uremadu has reacted strongly to a recent national prayer event led by National Security Adviser Malam Nuhu…
Read More...