Category: Economy

UK economy shrinks by 0.2%, recession looms

The United Kingdom appears to be heading into recession after the latest official figures showed...

CBN’s plan to redesign naira purely political- Obaseki

Edo State Governor, Godwin Obaseki, has criticized the plan to redesign naira notes, asserting that...

Naira fall’ll worsen Nigeria’s food, energy crisis — W’Bank

The World Bank has warned that the depreciating value of the Nigerian naira and currencies...

New naira: Beware of currency hoarders, EFCC warns BDC operators

The Economic and Financial Crimes Commission has urged Bureau de Change operators to be wary...

How more taxes’ll reduce debt load – FG

The Federal Government said the collection of more taxes and is diversion to the right...

VIDEO: Sanusi credits Lagos’ economic growth to continuity

The 14th Emir of Kano and Vice President of Kaduna Investment Promotion Agency, Sanusi Lamido...

Nigeria ranks 13th on GII’s most innovative economies

Nigeria fell behind the likes of Rwanda, Mauritius and Madagascar on the list of most...

Why Nigeria must save oil revenues – IMF

The International Monetary Fund has urged the Nigerian government to save up on oil revenues...

Nigeria’s economy to decline 2023 – World Bank

World Bank has predicted a 3.3 per cent to 3.2 per cent drop in Nigeria’s...

Nigeria’s foreign reserves plunge to $38.3bn

The Central Bank of Nigeria has revealed that the nation’s external reserves at the end...

Pound falls more than 1% after BoE move

The British pound sank Thursday by more than one per cent against the dollar after...

Africa’s GDP grew  6.9% in 2021

Africa’s Gross Domestic Product grew by an estimated 6.9 per cent in 2021, a report...