Business & Economy

Business & Economy

Nigeria’s unemployment woes deepen despite govt’s revised data

Olawale Afolabi -
Nigeria’s unemployment problem worsened in the second quarter of 2023 despite the government’s new...
Business & Economy

Naira falls to new intraday low on official market

Plu Team -
Naira dipped to its lowest official mark ever on Tuesday, briefly touching 1,248 against...
Business & Economy

Cash from abroad slows: Nigeria’s remittance growth hits 3-year low

Olawale Afolabi -
Growth in remittance flows to Nigeria, a crucial lifeline for millions, stumbled in 2023,...
Business & Economy

Nigeria’s revenue to GDP too low, IMF warns

Eric Ojo -
The International Monetary Fund (IMF) expressed concern about Nigeria's low revenue-to-GDP ratio, urging the...
Business & 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...
Business & 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...
Business & 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...
Business & 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...
Business & 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...
Business & 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...
Business & 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...
Business & 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...
Business & 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...
Business & 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...
Business & Economy

Nigerian govt considers banning dollar black market

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