Economy

Latest Economy News

CBN raises interest rate to 13%

The Central Bank of Nigeria on Tuesday announced that it has raised

Agency Report Agency Report

Nigeria’s GDP rose by 3.11% in Q1 2022 – NBS

The National Bureau of Statistics on Monday revealed that Nigeria’s Gross Domestic

Agency Report Agency Report

IMF warns Nigeria to fix weak labour market

The International Monetary Fund has warned Nigeria and other emerging economies to

Agency Report Agency Report

Forex inflow falls by 37% in one month -CBN

The foreign exchange inflows into the country fell by 36.7 per cent

Agency Report Agency Report

Inflation hits 16.82%, surpasses IMF 2022 projection

The Consumer Price Index rose to 16.82 per cent in April from

Agency Report Agency Report

Nigeria spends 86% of revenue on debt servicing, South Africa pays 20%

Nigeria spent 86 per cent of its revenue on servicing debt in

Agency Report Agency Report

Commodity prices’ll remain high in Nigeria, others – World Bank

The World Bank has said that the war in Ukraine has dealt

Agency Report Agency Report

Workers in formal sector earn N159tn in four years – NBS

Employees in Nigeria’s formal sector earned N159.01tn from 2018 to 2021, according

Agency Report Agency Report

Nigeria, 10 ECOWAS countries in debt distress – Report

A new report by the Nigerian Economic Summit Group and the Open

Agency Report Agency Report

Naira loses to dollar, closes at 419

The Naira on Monday depreciated at the Investors and Exporters window, exchanging

Agency Report Agency Report

Rising crude oil prices will worsen inflation, IMF warns

The International Monetary Fund has said rising oil prices may lead to

Agency Report Agency Report

Border reopening: Experts predict 60% rise in vehicle smuggling

Few days after the Federal Government announced the reopening of four land

Agency Report Agency Report