Category: Economy

New naira: ATMs still dispensing old notes, report reveals

  Thirteen days after the issue of the freshly redesigned N200, N500, and N1,000 notes,...

Global economy vulnerable to recession in 2023 – World Bank

The World Bank has warned that “even a moderate hit” could tip the global economy...

Experts laud suspension of proposed excise duties hike

Tax, fiscal policy, and economics experts have hailed the Federal Government for suspending the proposed...

Why Nigeria’s foreign reserves lost $2.2bn – CBN

The Central Bank of Nigeria has explained reasons why Nigeria’s foreign reserves lost $2.22 billion...

Inflation: Experts urge CBN against tighter monetary policy

Experts have advised the Central Bank of Nigeria to withdraw from further deployment of monetary...

Nigeria’s inflation hit 21.47% in November

Nigeria’s inflation rate rose to an all-time high of 21.47% in November, coming from 21.09%...

Nigeria to lose 123.4% revenue in 2023 – World Bank

The World Bank has projected a 123.4% deficit from the country’s revenue in 2023 as...

Oil export: Nigeria’s Q3 foreign trade drops to N11.6trn

Nigeria recorded a total foreign trade of N11.59 trillion in the third quarter of 2022,...

Digital economy: Nigeria, Vietnam deepen bilateral relations

In a determined effort to deepen the long-standing bilateral relations between Nigeria and Vietnam, both...

Nigeria’s free trade zones attract $46.4bn investment

  Nigeria’s free trade zones have attracted more than $46.6 billion in investment into the...

Buhari justifies cashless economy policy

The President, Major General Muhammadu Buhari (retd.), has reiterated the need for a cashless economy...

Inflation: CBN raises interest rate to 16.5%

The Monetary Policy Committee of the Central Bank of Nigeria have voted to increase the...

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