Category: Economy

IMF warns Nigeria to fix weak labour market

The International Monetary Fund has warned Nigeria and other emerging economies to promptly repair their...

Forex inflow falls by 37% in one month -CBN

The foreign exchange inflows into the country fell by 36.7 per cent in one month...

Inflation hits 16.82%, surpasses IMF 2022 projection

The Consumer Price Index rose to 16.82 per cent in April from 15.92 per cent...

Nigeria spends 86% of revenue on debt servicing, South Africa pays 20%

Nigeria spent 86 per cent of its revenue on servicing debt in 2021, but South...

Commodity prices’ll remain high in Nigeria, others – World Bank

The World Bank has said that the war in Ukraine has dealt a major shock...

Workers in formal sector earn N159tn in four years – NBS

Employees in Nigeria’s formal sector earned N159.01tn from 2018 to 2021, according to data from...

Nigeria, 10 ECOWAS countries in debt distress – Report

A new report by the Nigerian Economic Summit Group and the Open Society Initiative for...

Naira loses to dollar, closes at 419

The Naira on Monday depreciated at the Investors and Exporters window, exchanging at N419 to...

Rising crude oil prices will worsen inflation, IMF warns

The International Monetary Fund has said rising oil prices may lead to high inflation and...

Border reopening: Experts predict 60% rise in vehicle smuggling

Few days after the Federal Government announced the reopening of four land borders, stakeholders, including...

Nigeria’s equities market to remain positive in 2022, say analysts

Parthian Securities’ analysts have predicted that the Nigerian equities market will remain positive due to...

World Bank to review poverty index over inflation, others

The World Bank plans to revise the global poverty line from $1.90 to $2.15 due...