Category: Economy

Kerosene price rose by 146% one year – Report

In one year, the price of domestic Kerosene, often known as cooking kerosene, increased by...

Buhari regime to leave N77trn debt – DMO

The Debt Management Office has declared that the outgoing administration of the President, Major General...

Croatia dumps kuna currency for euro

Croatia on Sunday switched to the euro and entered Europe’s passport-free zone — two major...

Peru to revamp economy with $1.6bn

Peru’s economy minister pledged on Thursday to launch an investment program of $1.6 billion to...

New naira: Extend deadline, Senate urges CBN

The Senate has urged the Central Bank of Nigeria to extend the deadline for withdrawal...

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...