Subsidy removal, FX unification: We’re on right track – Tinubu
President Bola Tinubu on Tuesday stated that his administration is on the right path in light of its…
Economy
Nigeria’s inflation may hit 30%, Bank of America warns
The Bank of America has cautioned that the Central Bank’s Monetary Policy Committee may need to raise interest rates by at least 700 basis…
Tinubu assures investors of policy consistency
President Bola Ahmed Tinubu has assured the business community of his government’s commitment to policy consistency and better business climate to attract…
Nigeria’s external reserve drops by $2.9bn in 2023 H1 — Report
Nigeria’s external reserve has fallen by about $2.8 billion in the first half of 2023 as Nigeria continues to struggle with weak…
Naira falls by 13.9% in one week at I&E Window
The naira fell to a historic low against the dollar last week as Nigeria’s new foreign exchange policy came into effect. The policy,…
FG to boost economy with Cassava Bioethanol project
President Bola Tinubu as well as the Nigerian government is implementing additional measures such as the Cassava Bioethanol project to increase economic output. Nairametrics…
Naira dips further to N770.38/$ at I&E window
The Naira, on Monday, depreciated by 16 per cent to N770.38 per dollar in the Investors and Exporters window, after an increased…
Okonjo-Iweala, IMF MD demand improvement of international trade
Director General of the World Trade Organisation, Dr. Ngozi Okonjo-Iweala, and the Managing Director of the International Monetary Fund, Kristalina Georgieva, have emphasized the importance…
Subsidy: Why FG won’t fix petrol prices again, NMDPRA reveals
By Wilson Adekumola The Nigerian Midstream and Downstream Petroleum Regulatory Authority has explained the reasons Federal Government would no longer fix…
Revert to old pump price, Kano govt orders petroleum marketers
The Governor of Kano State, Abba Yusuf, has ordered marketers in the state to revert to the old price of fuel, to…
Tinubu vows to review Emefiele’s naira redesign policy
By Wilson Adekumola The newly inaugurated President, Bola Ahmed Tinubu has promised Nigerians that he would review the naira redesign policy…
Fuel Subsidy: Nigeria’s economy lost $10bn in 2022 – AfDB
The president of the African Development Bank, Akinwumi Adesina has said that Nigeria’s economy lost 10 billion dollars due to fuel subsidies…