Business & Economy

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...
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...
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