Economy

Latest Economy News

FX crisis drives business cost to highest in 10 years – Report

Melvin Onwubuke Nigeria businesses are faced with the highest increase in input

Alex Omenye Alex Omenye

Nestle Nigeria reports N104bn loss in 2023

By Melvin Onwubuke Nestle Nigeria Plc has announced a loss before tax

Bisola David Bisola David

FG constructs off grid plants to tackle energy shortage

By Melvin Onwubuke   The Federal Government has announced, it is planning

Bisola David Bisola David

CBN gov Cardoso vows crackdown on illicit funds via Binance

The Governor of the Central Bank, Yemi Cardoso, has restated the government's

Alex Omenye Alex Omenye

CBN resumes sales of FX to BDC operators

The Central Bank of Nigeria has made a firm decision to close

Bisola David Bisola David

CBN raises interest rate to 22.75%

The Central Bank of Nigeria on Tuesday, implemented the first increase in

Alex Omenye Alex Omenye

Nestle, others cost equity market 51bn loss

The loss experienced by Nestle Plc, Eterna, and Fidson Healthcare Plc caused

Bisola David Bisola David

Factories may shutdown if FX crises persists – MAN

By Melvin Onwubuke The Manufacturers Association of Nigeria has said that many

Bisola David Bisola David

Naira depreciates to N2100/£1 in black market

By Alex Omenye   The naira witnessed a significant decrease, peaking at

Bisola David Bisola David

Economic hardship: Senator advises Tinubu to hold national stakeholders meeting

A lawmaker from Osun Central, Senator Ajagunnla Olubiyi Fadeyi, has advised President

Bisola David Bisola David

Nigeria’s GDP grows 3.46% in Q4, decreases by 2.74% in 2023

Nigeria's Gross Domestic Product grew at 2.74% annually in 2023, a modest

Bisola David Bisola David

Nigeria’s money supply hits N93.72trn in January 2024

Nigeria's broad money supply reached a historic high of N93.72 trillion in

Alex Omenye Alex Omenye