Economy

Economy

Tinubu proposes N4.6 trillion deficit reduction in 2024 budget

Plu Team -
President Bola Tinubu plans to reduce federal budget deficit in 2024, aiming to bring...
Economy

Central Bank of Nigeria postpones interest rate meeting again

Plu Team -
The Central Bank of Nigeria has again postponed a meeting of its monetary policy...
Economy

Nigeria inflation soars again – driving more people into poverty

Eric Ojo -
Nigeria's inflation rate soared for the 10th straight month to an 18-year high in...
Economy

Nigerian govt watchdog wants NNPC probe over Buhari era’s subsidy surge

Eric Ojo -
The Nigerian government’s extractive industry watchdog has demanded an investigation after records showed that...
Economy

Naira resumes decline as CBN faces more FX backlog

Plu Team -
The naira weakened on Wednesday despite efforts by the central bank to clear a...
Economy

Nigeria launches new crude oil grade “Nembe” to compete in Europe

Plu Team -
Nigeria has launched a new low-sulfur grade of crude oil which is particularly suited...
Economy

Why naira is suddenly gaining against dollar

Plu Team -
The injection of dollars into the Nigerian foreign exchange market and the central bank’s...
Economy

CBN begins clearing forex contracts, easing naira pressure

Jane Kalu -
The Central Bank of Nigeria (CBN) has cleared matured forward foreign-exchange contracts with an...
Economy

Naira fall predicted to continue next week

Plu Team -
The naira is expected to remain unsteady in the coming week despite the government’s...
Economy

Tinubu’s ambitious revenue plan for 2024 faces a peculiar challenge

Eric Ojo -
Nigeria aims to nearly double its revenue in 2024 to N17 trillion, the country's...
Economy

Nigerian govt considers banning dollar black market

Olawale Afolabi -
The Nigerian government is considering making it illegal to trade in the foreign exchange...
Economy

Naira crashes on official market to 980/dollar after CBN unbans items

Plu Team -
The naira hit a record low of 980 per dollar on the official market...
Economy

Nigerian govt proposes N26 trillion budget for 2024

Olawale Afolabi -
The federal government has announced a proposal to spend N26.01 trillion ($34 billion) in...
Economy

Nigeria inflation at 26.7% in September – fastest in 20 years

Plu Team -
The National Bureau of Statistics says Nigeria’s headline inflation rate increased to 26.72 percent...
Economy

Nigeria’s N150 billion sukuk more than four times oversubscribed

Plu Team -
Nigeria’s Debt Management Office said on Friday it has concluded a N150 billion sukuk...
Economy

Textile, maize importers can get forex as CBN unbans 43 items (See full list)

Plu Team -
The Central Bank of Nigeria has lifted a ban on 43 items that were...
Economy

Nigerian businesses under burden of over 60 taxes, govt says

Jane Kalu -
The Nigerian government says the country seeks to cut the number of taxes at...
Economy

NNPC claims Nigeria no longer pays petrol subsidy. That’s unlikely

Olawale Afolabi -
The Nigeria National Petroleum Corporation Ltd. on Monday denied the government paid petrol subsidy...
Economy

NNPC is again Nigeria’s sole petrol importer months after reforms

Olawale Afolabi -
NNPC Ltd has resumed its role as the exclusive importer of petrol into Nigeria...
Economy

Naira sinks to long-feared black market rate of 1,000 to dollar

Eric Ojo -
The naira fell to a new record low of 1,000 to a dollar on...
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