Business & Economy

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...
Business & Economy

Nigerian economy grows in Q1 2024 as millions face severe hardship

Plu Team -
Nigeria's Gross Domestic Product (GDP) showed positive signs in the first quarter of 2024,...
Business & Economy

Understanding how CBN’s new record high interest rate affects you

Olawale Afolabi -
The Central Bank of Nigeria has raised its benchmark interest rate to a new...
Business & Economy

CBN likely to raise interest rate again as naira declines

Plu Team -
The naira's continued slump and Nigeria's persistently high inflation are likely to force the...
Business & Economy

Nigeria’s inflation soars to 33.67%, piling pressure on consumers

Olawale Afolabi -
Nigeria's inflation rate continued its relentless climb in April 2024, reaching 33.69%, according to...
Business & 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...
Business & 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...
Business & 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...
Business & 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...
Business & 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...
Business & 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...
Business & 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...
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