Economy

Economy

NLC suggests fuel subsidy showdown after NNPC ‘ambush’

Plu Team -
The Nigeria Labour Congress seems ready for a showdown with the federal government over...
Economy

CBN denies devaluing Naira. It denied previous devaluations too

Plu Team -
The Central Bank of Nigeria has denied devaluing the naira in a fresh attempt...
Economy

At N557 a litre, margin of petrol price increase widest in 30 years

Plu Team -
The Nigerian National Petroleum Company Limited has confirmed increasing the price of petrol across...
Economy

Fuel chaos #Day 2: Nigerians pay dearly after Tinubu subsidy remark

Jane Kalu -
Nigerians faced a second day of chaos as the price of petrol soared across...
Economy

Price of petrol to rise as Tinubu ends subsidy

Plu Team -
President Bola Tinubu has announced the removal of petrol subsidy, setting the stage for...
Economy

Naira drops to six-month low at parallel market

Plu Team -
The naira fell to N780 a dollar at the parallel market on Friday, trading...
Economy

Seeking to tame rising prices, CBN raises interest rate again

Plu Team -
The Central Bank of Nigeria has raised its key interest rate to the highest...
Economy

Scorecard is out: CBN’s naira redesign weakened Nigerian economy

Jane Kalu -
The Central Bank of Nigeria-induced naira crunch between January and March weighed down on...
Economy

Buhari’s “Grow what you eat or die” comment angers Nigerians

Plu Team -
President Muhammadu Buhari faced criticisms on Tuesday for saying his decision to close the...
Economy

Buhari leaving without fixing refineries as Dangote Refinery opens

Plu Team -
President Muhammadu Buhari has commissioned the 650,000 barrels a day (b/d) Dangote Refinery in...
Consumer

Pluboard #PriceIndex launches with first set of items

Jane Kalu -
On Monday, the National Bureau of Statistics released its latest inflation data – for...
Economy

CBN to pay raw material exporters for bringing back dollars

Plu Team -
Nigeria is expanding its incentives to new sectors to boost exports and dollar inflow...
Economy

One chart shows Nigeria’s trade indicator loss under Buhari

Plu Team -
Nigeria last year recorded an improvement in its Logistics Performance Index, a measure of...
Economy

Buhari gets Senate help on illegal N23.7 trillion CBN loan

Ini Ekott -
The Senate has approved President Muhammadu Buhari’s request to restructure a N23.7 trillion ($49...
Economy

CBN says it has ‘good quantity’ of scarce new naira notes

Plu Team -
The Central Bank of Nigeria says it has continued to take delivery of redesigned...
Development

Buhari pushes census to Tinubu after delay

Plu Team -
After at least one delay, the Buhari administration has formally admitted it will not...
Economy

Norway’s Golar gets deal to build floating LNG plant in Nigeria

Plu Team -
The Nigerian National Petroleum Corporation (NNPC) has signed an agreement with Norwegian Golar LNG,...
Economy

CBN fuelling the same inflation it is fighting

Plu Team -
The Central Bank of Nigeria’s financing of the federal government’s budget deficit and record...
Companies

Exxon declares force majeure on oil liftings, a blow to Nigeria

Plu Team -
ExxonMobil says its units in Nigeria cannot load oil due to an industrial action by its staff, a development with implication for Nigeria's revenue.
Economy

More hardship for Nigeria’s poor as inflation jumps again

Plu Team -
The cost of living in Nigeria continued to increase in March, with inflation reaching...
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