IMF lowers 2024 growth projections for Nigeria
The International Monetary Fund reduced its October prediction of 3.1% for Nigeria’s GDP growth in 2024 to 3.0, which is a 0.1%…
Economy
Naira drops to all-time low on official window, trades at 1348/$
The naira hit an all-time low of N1348.63 per dollar on the Nigerian Autonomous Foreign Exchange Market on Monday. The PUNCH reported…
W’Bank predicts 3.7% growth for Nigeria’s economy in 2025
The World Bank’s recent report, “Global Economic Prospect: Subdued Growth, Multiple Challenges,” estimated that Africa’s largest economy will grow by 3.3%, up…
Inflation’ll drop to 21.4% in 2024 – CBN gov
The Governor of the Central Bank of Nigeria anticipates that headline inflation will decrease to 21.4 percent in 2024. This projection was…
Why naira-dollar can’t be stable – Minister
Christian George The Minister of Budget and Economic Planning, Atiku Bagudu, has revealed why naira to dollar exchange rate can not be…
Seven currencies greater than the US dollar
One of the most valued currencies in the world, the US dollar is the preferred lender for many nations looking to purchase…
Nigeria, others most affected by high food inflation – W’Bank
The World Bank has revealed that domestic food price inflation has had the greatest impact on Nigeria and other African, North American, and…
Naira drops 11.4% to N927/$1 on official market
The Nigerian Autonomous Foreign Exchange Market, the official FX window, saw a 11.4 per cent depreciation of the Naira against the Dollar…
GDP experiences slow growth, climbs 2.54% in Q3 – NBS
The National Bureau of Statistics has stated that Nigeria’s GDP grew slightly in real terms during the third quarter of 2023, or 2.54%…
Edo’s GDP grows by 140% in seven years
The GDP of Edo State expanded by 140% in just seven years, from $10.6 billion to $25.8 billion, according to the chairman of…
Naira closes at N1,100/$ on parallel market
This week, the naira’s value in the parallel market dropped by 15.79 percent, ending trading at N1,100/$. According to The Punch, this…
China’s slowing economy will affect Nigeria – IMF
The International Monetary Fund has revealed that Nigeria’s economic situation is expected to be impacted by China’s slowing growth. The Punch reported…