Business & Economy

Business & Economy

Borrowing won’t fix growth, IMF warns as Nigeria’s debt mounts

Eric Ojo -
Countries must prioritize structural reforms and fiscal discipline to boost long-term growth rather than...
Business & Economy

Punishing cost of living crisis deepens as Nigeria’s inflation rises again

Eric Ojo -
Nigeria’s annual inflation rate rose to 34.8% in December 2024 from 34.6% in November,...
Business & Economy

Analysis: The problem with Tinubu’s 2025 budget for Nigeria

Ini Ekott -
President Bola Tinubu presented the 2025 national budget to a joint sitting of the...
Business & Economy

Queries about Naira value top Nigerians’ Google search in 2024

Plu Team -
Google’s annual “Year in Search” report has unveiled the top topics that captured Nigerians’...
Business & Economy

Nigeria’s inflation continues rise in November; at highest since 1996

Eric Ojo -
Inflation in Nigeria surged to 34.60% in November, marking the highest rate since 1996,...
Business & Economy

Hardship: Two-thirds of Nigerian families go hungry, says govt report

Plu Team -
Nearly two-thirds of Nigerian households are going hungry and many skipping meals due to...
Business & Economy

Tinubu seeks National Assembly approval for new N1.77 trillion loan

Plu Team -
President Bola Tinubu has requested approval from the National Assembly to borrow N1.767 trillion...
Business & Economy

Nigeria plans to borrow $2.2 billion as government debt rises

Jane Kalu -
The Nigerian government has approved a fresh external borrowing plan totalling $2.2 billion, comprising...
Business & Economy

Nigeria’s budget for 2025 is its biggest yet. Here are the key points

Plu Team -
The federal government has announced its proposed budget for 2025, barely a month to...
Business & Economy

Why cost-of-living crisis is acute in Sub-Saharan Africa – IMF

Eric Ojo -
The International Monetary Fund (IMF) has given reasons it says have intensified the ongoing...
Business & Economy

DISCOs’ revenue soars 47% after major Band A tariff hike

Eric Ojo -
Electricity distribution companies (DisCos) in Nigeria saw a significant boost in their revenue in...
Business & Economy

Prices spiral as Tinubu government raises fuel prices again

Plu Team -
The Nigerian government has again raised petrol prices as Nigerians continue to face unprecedented...
Business & Economy

Nigeria’s FDI sees biggest quarterly decline in five years

Olawale Afolabi -
Foreign Direct Investment (FDI) in Nigeria experienced its sharpest quarterly decline in at least...
Business & Economy

2023 Vs 2024: Comparing Tinubu’s Independence speeches shows odd gaps

Olawale Afolabi -
President Bola Tinubu delivered his second Independence Day speech to the nation on Tuesday...
Business & Economy

CBN surprises markets with another interest rate hike

Plu Team -
The Central Bank of Nigeria raised its benchmark lending rate by 50 basis points...
Business & Economy

Nigeria’s unemployment rate rises to 5.3% in Q1 2024

Plu Team -
Nigeria's unemployment rate increased to 5.3% in the first quarter of 2024, up from...
Business & Economy

Tinubu claims Edo win shows Nigerians back APC’s painful economic policies

Plu Team -
President Bola Tinubu, on Sunday, congratulated the All Progressives Congress (APC) candidate, Monday Okpebholo,...
Business & Economy

Nigeria denies bond default after delay scare – but what if it happens?

Olawale Afolabi -
The Nigerian government caused a scare after surprisingly delaying coupon payments on two savings...
Business & Economy

Nigeria’s gold smuggling triples official production, study finds

Ini Ekott -
Gold smuggled out of Nigeria is three times the country’s official recorded production, according...
Business & 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...
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