Tag: Economy
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Nigeria monthly inflation at 7-year high after fuel subsidy removal
Nigeria recorded its highest monthly inflation rate in seven years in June, after President Bola Tinubu scrapped petrol subsidy and allowed the devaluation of...
Scorecard is out: CBN’s naira redesign weakened Nigerian economy
The Central Bank of Nigeria-induced naira crunch between January and March weighed down on the economy leading to a decline in growth, the National...
Planned subsidy payments to 50m Nigerians offers below N10,000 each
The Nigerian government says it has obtained $800 million from the World Bank which it plans to use as support for poor citizens impacted...
Economic crisis: Nigeria records huge foreign direct investment fall
Foreign direct investment into Nigeria decreased by a third in 2022 and fell massively from its peak in 2008.
- Key points to note
The National...
Nigeria’s economic growth slowed in last quarter of 2022
Nigeria's economic growth slowed to 3.52% in the fourth quarter from 3.98% a year earlier, as widespread flooding destroyed farms, oil production declined and...