CBN fuelling the same inflation it is fighting
The Central Bank of Nigeria’s financing of the federal government’s budget deficit and record high credit to the economy have limited the effectiveness of...
Exxon declares force majeure on oil liftings, a blow to Nigeria
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.
More hardship for Nigeria’s poor as inflation jumps again
The cost of living in Nigeria continued to increase in March, with inflation reaching its highest level in over a decade, largely due to...
‘Big funding squeeze’ threat to Nigeria, sub-Saharan Africa – IMF
Economic growth in sub-Saharan Africa is expected to decelerate to 3.6% before rebounding to 4.2% in 2024 in line with a global recovery, subsiding...
Dollar falls after U.S. inflation report
The U.S. dollar experienced a sharp drop in value on Wednesday after the release of data showing that consumer prices in March rose less...