Nigeria’s central bank raises interest rate again
Nigeria’s Central Bank has raised its benchmark interest rate by 50 basis points to 26.75% in a bid to contain persistent food inflation despite...
Nigerian lawmakers agree to meagre pay cut amid economic hardship
Members of Nigeria's House of Representatives have announced a decision to cut their salaries by 50% for the next six months, citing a gesture...
Nigeria’s inflation hits 28-year high at 34.19% in June
Nigeria's inflation rate surged to a 28-year high of 34.19% in June, according to official data released on Monday.
It marks the 19th consecutive month...
After long delay, Tinubu okays imports to address Nigeria food crisis
The Nigerian government says it will import food and set aside tariffs and tax on commodities in a long-awaited measure to tackle unprecedented economic...
21 Nigerian states face serious risk of flooding
Twenty-one states in Nigeria are at risk of severe flooding as the rains enter the second month this year, the federal government has warned.
Already,...