Economy

Economy

Nigeria inflation isn’t cooling; at nearly 30% in January

Plu Team -
Nigeria consumer prices rose further in January to nearly 30% as inflation shows no...
Economy

New UK pact aims to encourage British schools to offer programmes in Nigeria

Plu Team -
The UK will today (Tuesday 13 February) sign a partnership with Nigeria to boost...
Economy

Dollar: Former statistician-general Yale faults CBN’s demand control moves

Plu Team -
Former Nigerian statistician-general Yemi Kale has faulted the Central Bank of Nigeria's (CBN) approach...
Economy

Shell, Dangote supplies push Nigeria closer to home-made fuel

Eric Ojo -
Nigeria has moved closer to restarting fuel refining and production at home, potentially shutting...
Economy

CBN offers investors more returns on short-term debt to attract dollars

Plu Team -
The Central Bank of Nigeria significantly raised interest rates on short-term debt offerings on...
Economy

Cost-of-living crisis: Civil servants slam Tinubu’s govt over delayed salary

Olawale Afolabi -
Civil servants have accused President Bola Tinubu-led administration of being insensitive to workers’ plights...
Economy

Why seizing dollars in domiciliary accounts would harm Nigeria

Anietie Umoren -
The Central Bank of Nigeria on Saturday denied a report that the federal government...
Economy

Forex backlog audit reveals irregularities of $2.4 billion, says CBN

Plu Team -
The Central Bank of Nigeria (CBN) disclosed on Monday that a forensic audit of...
Economy

Naira’s fall continues as CBN releases another $500 million for forex backlog

Plu Team -
The Central Bank of Nigeria (CBN) says it has released $500 million to various...
Economy

Naira tumbles to new low as dollar scarcity persists

Olawale Afolabi -
The naira plunged to a new record low on Thursday, inching closer to the...
Economy

Central Bank of Nigeria reveals its inflation target figure

Plu Team -
In his first public address on the economy since November, Central Bank of Nigeria...
Economy

Nigeria’s inflation surges to 27-year high

Plu Team -
Nigeria's inflation crisis reached a fever pitch in December 2023, soaring to a staggering...
Economy

House member questions EFCC raid on Dangote over forex

Plu Team -
A member of the House of Representatives says a raid by anti-graft officials on...
Economy

National Assembly approves Tinubu’s N28.8 trillion budget for 2024

Plu Team -
The National Assembly approved a revised budget of N28.8 trillion naira (approximately $34 billion)...
Economy

Nigeria mandates oil firms to supply Dangote, other local refineries 483,000 barrels daily

Plu Team -
Oil producers in Nigeria will be required to supply 483,000 barrels per day (bpd)...
Corruption

Seven most shocking CBN probe findings: $6.2m for election observers, others

Olawale Afolabi -
The special investigator appointed by President Bola Tinubu to investigate the activities of the...
Economy

Nigeria’s unemployment woes deepen despite govt’s revised data

Olawale Afolabi -
Nigeria’s unemployment problem worsened in the second quarter of 2023 despite the government’s new...
Economy

Naira falls to new intraday low on official market

Plu Team -
Naira dipped to its lowest official mark ever on Tuesday, briefly touching 1,248 against...
Economy

Cash from abroad slows: Nigeria’s remittance growth hits 3-year low

Olawale Afolabi -
Growth in remittance flows to Nigeria, a crucial lifeline for millions, stumbled in 2023,...
Economy

Nigeria’s revenue to GDP too low, IMF warns

Eric Ojo -
The International Monetary Fund (IMF) expressed concern about Nigeria's low revenue-to-GDP ratio, urging the...
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