Economy

Economy

Tinubu appoints PwC partner Taiwo Oyedele as tax reforms chair

Plu Team -
President Bola Tinubu has set up a tax reform committee and has appointed Taiwo...
Economy

Petrol use in Nigeria falls after subsidy removal, regulator says

Jane Kalu -
Average daily petrol consumption in Nigeria has fallen by 28 percent after President Bola...
Economy

Bank of America sees Nigeria inflation at 30% after subsidy removal

Jane Kalu -
Consumer prices in Nigeria are likely to rise by 30% by the end of...
Economy

Nigeria projected to spend entire revenue on debt in two years

Jane Kalu -
Nigeria could spend more than its entire revenue on debt payment by 2025 if...
Economy

Naira touches record lows on spot and forwards market

Plu Team -
The naira closed at another record low against the dollar Thursday at both spot...
Economy

Naira: CBN says more action coming in “weeks”

Plu Team -
The Central Bank of Nigeria (CBN) plans to announce further measures to loosen foreign...
Economy

Naira official rate closes lowest since float

Plu Team -
The naira closed Monday at its lowest rate to the dollar since the Central...
Economy

May Inflation Report: No relief for Nigerians as prices rise further

Jane Kalu -
Consumer prices rose 22.41% in the year through May, the highest pace in 18...
Media

With Emefiele out, Naira rate publisher AbokiFX eyes comeback

Plu Team -
Popular online currency quote platform AbokiFx has indicated the possibility of resuming the publication...
Economy

Black market struggles after Naira’s big drop on official market

Plu Team -
The naira fell 36% on Wednesday, the most in seven years, after the Central...
Development

97% of Nigerian bank accounts don’t have over N500,000

Plu Team -
An overwhelmingly large number of Nigerians do not have up to half a million...
Explainer

Nigeria’s Eurobonds up after Emefiele’s removal. Here’s what it means

Plu Team -
Nigeria’s dollar bonds rose on Monday after Friday’s suspension of Central Bank of Nigeria...
Economy

Tinubu says he feels Nigerians’ fuel subsidy pains. Many don’t buy it

Plu Team -
President Bola Tinubu on Monday offered a promising outlook following his removal of fuel...
Economy

SSS confirms arrest of suspended CBN governor Emefiele

Jane Kalu -
Nigeria's spy police has confirmed the arrest of the suspended governor of the Central...
Economy

The CBN man replacing suspended Emefiele has an interesting profile

Ini Ekott -
​Godwin Emefiele, governor of the Central Bank of Nigeria, who for years poured out...
Economy

World Bank cuts Nigerian economy growth forecast again

Jane Kalu -
Nigerian economy will grow at a slower pace in 2023 than projected six months...
Economy

“Fix refineries, roads…” No quick reliefs in NLC conditions to halt strike

Plu Team -
The two major labour unions, Nigeria Labour Congress and the Trade Union Congress, on...
Nation

NLC and TUC back off: No fuel subsidy strike again

Plu Team -
Nigeria’s major labour unions say they are stepping back from their initial plan to...
Nation

Subsidy removal: Kwara civil servants get two days off each week

Jane Kalu -
Civil servants in Kwara state have the government’s permission to work for three days...
Economy

Subsidy: Nigerians struggle to go to work, fuel cars at ‘crazy’ rates

Plu Team -
Nigerians are struggling to fuel their cars and commute to their workplaces a week...
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