Business & Economy

Business & 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...
Business & 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...
Business & 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...
Business & 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...
Business & 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...
Business & 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...
Business & 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...
Business & 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...
Business & 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,...
Business & 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...
Business & Economy

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.
Business & 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...
Africa

‘Big funding squeeze’ threat to Nigeria, sub-Saharan Africa – IMF

Plu Team -
Economic growth in sub-Saharan Africa is expected to decelerate to 3.6% before rebounding to...
Business & Economy

Dollar falls after U.S. inflation report

Plu Team -
The U.S. dollar experienced a sharp drop in value on Wednesday after the release...
Business & Economy

Planned subsidy payments to 50m Nigerians offers below N10,000 each

Plu Team -
The Nigerian government says it has obtained $800 million from the World Bank which...
Business & Economy

27 states in Nigeria attracted zero foreign capital in 2022

Plu Team -
Twenty-seven states attracted no foreign capital into Nigeria in 2022, according to government figures...
Business & Economy

Naira drops to record low on official market

Plu Team -
Naira plunged to a new low against the United States dollar on Monday on...
Business & Economy

Economic crisis: Nigeria records huge foreign direct investment fall

Plu Team -
Foreign direct investment into Nigeria decreased by a third in 2022 and fell massively...
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