Economy

Economy

Nigeria shares N966 billion to states, LGAs as July revenue drops

Plu Team -
The Federation Account Allocation Committee said it has distributed N966.11 billion to the three...
Economy

Tinubu halts petrol price rise – effectively reinstating subsidy

Plu Team -
President Bola Tinubu said his government will not allow a further rise in the...
Economy

Nigeria annual inflation jump biggest in 7 years after subsidy removal

Plu Team -
Nigeria’s inflation rose to its highest level in at least 18 years in July,...
Economy

Petrol going to N720 a litre as naira suffers, marketers say

Olawale Afolabi -
The retail price of petrol in Nigeria is bound to rise to between N680...
Economy

CBN finally admits breaking law with N23 trillion loan to Buhari govt

Ini Ekott -
The Central Bank of Nigeria (CBN) has admitted for the first time it broke...
Economy

Nigeria dollar bonds fall after CBN report reveals Goldman Sach, JP Morgan loans

Olawale Afolabi -
The Central Bank of Nigeria released its financial report on Friday for the first...
Economy

Naira could take 18 months to stabilize after reforms, IMF says

Plu Team -
Stabilizing Nigeria's economy and the naira exchange rate could take up to 18 months...
Economy

Nigeria currency traders want Binance banned

Oge Udegbunam -
The Association of Bureaux De Change Operators of Nigeria (ABCON) has urged the Nigerian...
Economy

Nigerians may pay more as Tinubu seeks higher tax-to-GDP

Olawale Afolabi -
President Bola Tinubu says his administration aims to rapidly increase Nigeria’s tax coverage as...
Economy

S&P upgrades Nigeria outlook from ‘negative’ to ‘stable’ on reforms

Jane Kalu -
S&P Global Ratings revised its outlook on Nigeria to stable from negative on Friday,...
Economy

Naira down to record low on black market

Jane Kalu -
The Nigerian naira plummeted to an all-time low on the black market on Friday,...
Economy

Loans, buses, farms….A breakdown of Tinubu’s subsidy ‘palliatives’

Olawale Afolabi -
President Bola Tinubu gave a televised speech to the nation Monday evening in an...
Economy

CBN raises interest rate as Tinubu seeks lower borrowing costs

Plu Team -
The Central Bank of Nigeria raised its key lending rate by 25 basis points...
Economy

Governors denied full N1.9 trillion FAAC money; Tinubu creates infra fund

Plu Team -
The Federation Account Allocation Committee will not share the entire N1.9 trillion that accrued...
Economy

Naira hits N860 at black market, a blow to moves to unify exchange rates

Olawale Afolabi -
The naira fell to its lowest on the parallel market on Wednesday, trading at...
Economy

NNPC increases price of petrol to N617

Plu Team -
The Nigerian National Petroleum Corporation has increased the price of petrol from N537 to...
Economy

Nigeria monthly inflation at 7-year high after fuel subsidy removal

Plu Team -
Nigeria recorded its highest monthly inflation rate in seven years in June, after President...
Economy

Naira’s rapid fall prompts CBN intervention

Plu Team -
The Central Bank of Nigeria is intervening to prevent the naira from falling more...
Economy

Tinubu seeks N500 billion support for Nigerians after fuel subsidy removal

Plu Team -
President Bola Tinubu has asked the National Assembly to authorize his government to spend...
Economy

Only 9 Nigerian states got foreign investments in first quarter of 2023

Plu Team -
Capital inflows into Nigeria declined 28% in the three months through March to $1.1...
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