Economy

Economy

Dangote Refinery begins sale of petrol, but offers no price relief

Plu Team -
The Dangote Refinery, a $20 billion project with a capacity to process 650,000 barrels...
Economy

NNPC raises petrol price, deepening hardship for Nigerians under Tinubu

Olawale Afolabi -
The Nigerian National Petroleum Corporation (NNPC) Ltd. has raised the price of petrol from...
Economy

Nigerian companies predict naira decline in coming months

Plu Team -
Nigerian businesses expect a decline in the value of the naira from now until...
Economy

Nigeria’s inflation eases for the first time in 18 months

Plu Team -
Nigeria's annual inflation rate eased in July for the first time in 18 months,...
Economy

Nigeria’s central bank raises interest rate again

Olawale Afolabi -
Nigeria’s Central Bank has raised its benchmark interest rate by 50 basis points to...
Economy

Tinubu and labour unions set minimum wage at N70,000

Eric Ojo -
President Bola Tinubu has approved a new minimum wage of N70,000 for Nigerian workers,...
Economy

World Bank appoints new country director for Nigeria

Plu Team -
The World Bank has appointed Ndiamé Diop as its new country director for Nigeria. Mr Diop,...
Economy

Nigeria’s fuel subsidy cost to rise as smuggling resumes

Olawale Afolabi -
Nigeria will likely pay higher fuel subsidy costs in the coming months as traders...
Economy

Nigeria’s FDI doubles in 2023 – a rare positive for Tinubu government

Eric Ojo -
Foreign direct investment (FDI) flows to Nigeria more than doubled in 2023, reversing a...
Economy

Nigeria’s pension payout to unemployed at 7-year high as economy falters

Eric Ojo -
Pension payments to temporarily unemployed Nigerians surged over the past year, reaching a seven-year...
Economy

These Presidency’s claims to NYTimes over Nigeria hunger don’t add up

Olawale Afolabi -
The Presidency scrambled a response Monday after the New York Times published a damning...
Economy

Nigeria gets fresh $2.25 billion World Bank funding

Glory Okah -
The World Bank has approved a $2.25 billion financial support package for Nigeria, providing...
Economy

Economic reforms to continue despite hardships, Tinubu says

Plu Team -
President Bola Tinubu said on Wednesday that his administration's economic reforms will continue despite...
Economy

Tinubu govt admits spending trillions on fuel subsidy after denials

Plu Team -
The Nigerian government has acknowledged spending hefty sums on petrol subsidy it initially removed last...
Economy

In a blistering commentary, Atiku Abubakar assails Tinubu’s “trial-and-error” economic policies

Plu Team -
Former Vice President Atiku Abubakar launched a blistering review of the economic policies of...
Economy

Nigeria reports sudden and huge Naira gain — the most in six weeks

Plu Team -
The naira rose big against the dollar on Tuesday, recording its best performance in...
Economy

Nigerian economy grows in Q1 2024 as millions face severe hardship

Plu Team -
Nigeria's Gross Domestic Product (GDP) showed positive signs in the first quarter of 2024,...
Economy

Understanding how CBN’s new record high interest rate affects you

Olawale Afolabi -
The Central Bank of Nigeria has raised its benchmark interest rate to a new...
Economy

CBN likely to raise interest rate again as naira declines

Plu Team -
The naira's continued slump and Nigeria's persistently high inflation are likely to force the...
Economy

Nigeria’s inflation soars to 33.67%, piling pressure on consumers

Olawale Afolabi -
Nigeria's inflation rate continued its relentless climb in April 2024, reaching 33.69%, according to...
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