Business & Economy

Business & Economy

Nigeria’s rebased GDP rises to ₦373 trillion but growth lags expectations

Plu Team -
Nigeria’s economy is now valued at ₦372.8 trillion in nominal terms for 2024 following...
Business & Economy

Billions unaccounted for in Nigeria’s books as IMF flags data gaps

Plu Team -
Nigeria is struggling to account for billions of dollars in its official trade and...
Business & Economy

Nigeria’s easing inflation fails to drive faster business growth

Plu Team -
Business activity in Nigeria expanded at its weakest pace in seven months in June,...
Business & Economy

Naira stabilised after 2023 crisis, but cracks are emerging

Ini Ekott -
After a six-month rebound from its worst-ever crisis in 2023, the naira weakened sharply...
Business & Economy

Naira amongst Africa’s top three weakest currencies in 2024

Plu Team -
While African currencies generally stabilized in 2024 following earlier reforms, three currencies stood out...
Business & Economy

World Bank: Nigeria’s crushing poverty to worsen despite oil wealth

Plu Team -
Despite Nigeria’s natural resource wealth and repeated government assurances of progress, more citizens are...
Business & Economy

More pain ahead as IMF predicts 37% inflation for Nigeria in 2026

Plu Team -
Nigeria’s economic will likely deepen in the coming year as the International Monetary Fund...
Business & Economy

Nigeria’s most indebted states: Lagos, Kaduna, Edo top list

Olawale Afolabi -
Lagos and Kaduna states lead Nigeria’s subnational debt chart, with combined external and domestic...
Business & Economy

Naira plunges after weeks of stability as demand pressure mounts

Plu Team -
The naira weakened further against the US dollar on Tuesday, extending losses from earlier...
Business & Economy

Agriculture struggles as Nigeria’s economy expands in 2024

Plu Team -
Nigeria’s economy recorded a stronger performance in 2024, growing by 3.4% compared to 2.74%...
Business & Economy

In NBS’ new inflation formular, food prices rise count less

Olawale Afolabi -
Nigeria’s National Bureau of Statistics (NBS) announced a significantly lower inflation rate on Tuesday...
Business & Economy

Nigerian govt announces dramatic drop in inflation after rebasing

Plu Team -
The National Bureau of Statistics has announced a significantly lower inflation rate for Nigeria...
Business & Economy

Nearly half of Nigerian companies cut jobs in 2024: Report

Plu Team -
A new report has revealed a grim picture of Nigeria's business landscape in 2024,...
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...
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