Category: Economy

High taxes weaken consumer spending, experts tell FG

Economists have warned that high tax burden on Nigerians will shrink consumer wallets and exacerbate...

Nigeria’s worsening insecurity worries IMF

The International Monetary Fund has expressed concern over the heightened level of insecurity in Nigeria,...

Fuel subsidy affecting Nigeria’s debt serving – Minister

The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed had expressed worry over...

FG gains N19.2bn from gold, others in Q1 – NBS

The National Bureau of Statistics had shown that the Federal Government had gained N19.2bn in...

Nigeria’s debt hit $3.67bn, China imports rise by 183.91%

Nigeria’s imports from China rose by 183.91 percent from N530.98bn in the first quarter of...

Inflation, others threaten Buhari’s poverty reduction scheme –World Bank economists

World Bank economists, Jonathan Lain and Jakob Engel, have said that rising inflation, persistent population...

Debt servicing draws Nigeria closer to Lebanon crisis

Nigeria is edging closer to a Lebanon financial crisis that has caused the country to...

Power gulps 40% of our production costs – Manufacturers

The Chairman, Board of Directors, Manufacturers Power Development Company, Ibrahim Usman, speaks on how unstable...

Nigeria, others face severe food crisis amid Ukraine war – Report

Nigeria and 44 other countries around the world are severely exposed to the Ukraine war-induced...

Cost of 12.5kg cooking gas rises to N9,400

The cost of cooking gas has become the latest inflation news to hit the spotlight,...

Commodity price surge to become global problem – World Bank

The World Bank on Monday said that recent commodity price shocks, particularly in food and...

Experts warn Nigeria as World Bank predicts global recession

Economic and financial experts have warned that Nigeria could face serious economic consequences if the...

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