Economy

Economy

Naira tumbles past 1,500 to dollar – first time in 2 months

Olawale Afolabi -
The Naira extended its latest decline Tuesday, tumbling below N1500 on the parallel market...
Economy

Despite govt denial, IMF sees record fuel subsidy cost for Tinubu in 2024

Olawale Afolabi -
Nigeria could pay as much as 3% of the size of its economy as...
Economy

Naira tumbles after brief rally as Nigeria dollar supply falls

Olawale Afolabi -
The naira weakened Tuesday for a third straight day after a brief period of...
Economy

Nigeria inflation soars again but shows sign of slowdown

Plu Team -
Nigeria's inflation rate hit a multi-decade high of 33.20 percent in March when measured...
Economy

CBN crashes dollar rate with new sales to BDCs

Plu Team -
The Central Bank of Nigeria (CBN) has announced continued dollar sales to Bureau De...
Economy

What CBN’s interest rate hike means for you

Eric Ojo -
The Central Bank of Nigeria (CBN) on Tuesday announced a new interest rate in...
Economy

CBN expected to raise interest rate further as naira strengthens

Olawale Afolabi -
The Central Bank of Nigeria will announce its latest interest rate decision today, a...
#PriceTracker

As naira gains, Nigerians promptly ask: When will prices drop?

Olawale Afolabi -
A surge in the value of the naira has sparked a wave of optimism...
Economy

Nigeria inflation crosses 30% mark — highest in 28 years

Eric Ojo -
Consumer prices rose 31.7 percent in the year through February, an uptick in the...
Economy

Goldman Sachs bets big on naira, sees big gain soon

Oge Udegbunam -
Global investment bank Goldman Sachs is bullish on the naira, predicting significant appreciation in...
Economy

Binance discontinues Nigeria naira services

Plu Team -
Binance, the top cryptocurrency exchange, announced the discontinuation of all Nigerian naira services on...
Economy

Nigerian officials issue fresh threat against Binance CEO

Olawale Afolabi -
The Nigerian House of Representatives Committee on Financial Crimes has escalated the government’s pressure...
Economy

CBN’s big rate hike hasn’t helped the naira just yet. Here’s why

Olawale Afolabi -
After months of waiting, the Central Bank of Nigeria on Tuesday delivered what Bloomberg...
Economy

Binance executives detained in Nigeria after flying in for talks

Plu Team -
Two top executives at Binance were detained in Nigeria on Wednesday as the country...
Economy

Street-trading of dollars banned as CBN resumes sales to BDCs

Plu Team -
The Central Bank of Nigeria has restarted dollar sales to exchange bureaus, reversing it...
Economy

CBN announces huge interest rate hike in response to naira crisis

Plu Team -
The Central Bank of Nigeria (CBN) has announced a significant 400 basis point increase...
Economy

Nigeria’s economic growth hits three-year low in 2023

Plu Team -
Nigeria's economy expanded by 2.74 percent in 2023, marking the slowest pace of growth...
Economy

Nigeria unemployment rate up again after revised calculation

Plu Team -
Nigeria's unemployment rate climbed to 5% in the third quarter of 2023, coinciding with...
Economy

Stocks, naira down. What worsening economy means for Nigerians

Ubong Ekott -
Nigeria's economic woes intensified on Monday, with both the naira and stock markets experiencing...
Economy

Naira hits new low of 1,650 per dollar in intraday trading

Plu Team -
The naira fell to another record low of 1,650 to the dollar in intraday...
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