Category: Economy

Nigeria’s debt hit $3.67bn, China imports rise by 183.91%

Nigeria’s imports from China rose by 183.91 percent from N530.98bn in the first quarter of...

Inflation, others threaten Buhari’s poverty reduction scheme –World Bank economists

World Bank economists, Jonathan Lain and Jakob Engel, have said that rising inflation, persistent population...

Debt servicing draws Nigeria closer to Lebanon crisis

Nigeria is edging closer to a Lebanon financial crisis that has caused the country to...

Power gulps 40% of our production costs – Manufacturers

The Chairman, Board of Directors, Manufacturers Power Development Company, Ibrahim Usman, speaks on how unstable...

Nigeria, others face severe food crisis amid Ukraine war – Report

Nigeria and 44 other countries around the world are severely exposed to the Ukraine war-induced...

Cost of 12.5kg cooking gas rises to N9,400

The cost of cooking gas has become the latest inflation news to hit the spotlight,...

Commodity price surge to become global problem – World Bank

The World Bank on Monday said that recent commodity price shocks, particularly in food and...

Experts warn Nigeria as World Bank predicts global recession

Economic and financial experts have warned that Nigeria could face serious economic consequences if the...

CBN loans to farmers hit N1tn amid high default rate

The total amount disbursed under the Anchor Borrowers Programme of the CBN rose to N1.01tn...

Insecurity, naira devaluation drive wheat imports to N1.3tn

Importation of durum or pasta wheat into Nigeria has continued to skyrocket, rising from N730.9...

Food prices surge by 42% in 12 months –NBS

Selected food prices recorded an increase of 42 per cent in one year, figures by...

CBN raises interest rate to 13%

The Central Bank of Nigeria on Tuesday announced that it has raised the interest rate...