Business & Economy

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...
Business & 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...
Business & 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...
Business & 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,...
Business & 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...
Business & 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,...
Business & 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,...
Business & 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...
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