Business & Economy

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...
Business & Economy

Nigeria’s FDI doubles in 2023 – a rare positive for Tinubu government

Eric Ojo -
Foreign direct investment (FDI) flows to Nigeria more than doubled in 2023, reversing a...
Business & Economy

Nigeria’s pension payout to unemployed at 7-year high as economy falters

Eric Ojo -
Pension payments to temporarily unemployed Nigerians surged over the past year, reaching a seven-year...
Business & Economy

These Presidency’s claims to NYTimes over Nigeria hunger don’t add up

Olawale Afolabi -
The Presidency scrambled a response Monday after the New York Times published a damning...
Business & Economy

Nigeria gets fresh $2.25 billion World Bank funding

Glory Okah -
The World Bank has approved a $2.25 billion financial support package for Nigeria, providing...
Business & Economy

Economic reforms to continue despite hardships, Tinubu says

Plu Team -
President Bola Tinubu said on Wednesday that his administration's economic reforms will continue despite...
Business & Economy

Tinubu govt admits spending trillions on fuel subsidy after denials

Plu Team -
The Nigerian government has acknowledged spending hefty sums on petrol subsidy it initially removed last...
Business & Economy

In a blistering commentary, Atiku Abubakar assails Tinubu’s “trial-and-error” economic policies

Plu Team -
Former Vice President Atiku Abubakar launched a blistering review of the economic policies of...
Business & Economy

Nigeria reports sudden and huge Naira gain — the most in six weeks

Plu Team -
The naira rose big against the dollar on Tuesday, recording its best performance in...
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