Economy

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...
Economy

Emefiele and four deputies resigned, CBN says

Plu Team -
Former governor of the Central Bank of Nigeria, Godwin Emefiele, has resigned, the bank...
Economy

Minister blames naira fall on $6.8bn forex payment backlog

Plu Team -
Finance minister Olawale Edun says Nigeria has to clear a $6.8 billion backlog of...
Economy

CBN postpones interest rate meeting as old leadership resigns

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

Naira at record low on black market, inches closer to 1000 to dollar

Olawale Afolabi -
Naira fell to a record low on the black market on Wednesday, edging closer...
Economy

Crude oil surges to 10-month high, a headache for Nigeria

Olawale Afolabi -
Global oil prices surged close to the $95 per barrel mark on Monday as...
Economy

Audit finds 38,000+ ton discrepancy in Nigerian mineral shipments

Olawale Afolabi -
Mining firms shipped more than 38,000 tons of solid minerals from Nigeria and were...
Economy

Unemployment data: NBS faces more scrutiny, disowns comment

Olawale Afolabi -
Nigeria’s former statistician-general, Yemi Kale, has faulted the new methodology adopted by the National...
Economy

Nigeria’s economic growth slows as oil sector shrinks

Plu Team -
Nigeria's economic growth slowed to 2.51% in the second quarter from 3.54% a year...
Economy

NBS puts Nigeria unemployment at 4.1%

Jane Kalu -
Unemployment in Nigeria fell to 4.1% in the first quarter of 2023 and was...
Economy

Naira tumbles to N900 after brief recovery

Jane Kalu -
The naira is on a downward spiral again after government’s intervention handed the currency...
1...789...13Page 8 of 13