Naira plunges after weeks of stability as demand pressure mounts
The naira weakened further against the US dollar on Tuesday, extending losses from earlier in the week as demand for the greenback surged. The...
Agriculture struggles as Nigeria’s economy expands in 2024
Nigeria’s economy recorded a stronger performance in 2024, growing by 3.4% compared to 2.74% in 2023. However, while the overall economy showed improvement, the...
In NBS’ new inflation formular, food prices rise count less
Nigeria’s National Bureau of Statistics (NBS) announced a significantly lower inflation rate on Tuesday after rebasing the Consumer Price Index (CPI), effectively introducing a...
Nigerian govt announces dramatic drop in inflation after rebasing
The National Bureau of Statistics has announced a significantly lower inflation rate for Nigeria after adopting a revised calculation under a rebased methodology.
Under this...
Nearly half of Nigerian companies cut jobs in 2024: Report
A new report has revealed a grim picture of Nigeria's business landscape in 2024, with nearly half of surveyed companies forced to reduce their...