Nigeria’s inflation may worsen to 16.1% in 2022 – IMF
The International Monetary Fund has projected that Nigeria’s Consumer Price Index will hit 16.1 per cent in 2022. This projection was presented…
Economy
UK FDI deals to yield $300m for Nigeria
The United Kingdom and Nigeria on Tuesday held trade and investment talks at the Economic and Development Forum in London, to promote…
Manufacturers borrow N1.03tn from banks, debts hit N4.2tn
Operators in the nation’s manufacturing sector saw their combined debt to Nigerian banks rise to N4.19tn in January 2022. This is as…
AfDB predicts energy, food price hikes in Nigeria, others
The President, of the African Development Bank Group, Dr Akinwumi Adesina, has said that the costs of fertilizer, rising energy prices, and…
Investment in agric, oil sectors’ll boost economic growth –Dangote
The President of Dangote Group, Aliko Dangote, has said that investment in agriculture and oil sectors will boost economic growth. A statement…
Debt servicing: Nigeria paid $598.59m to World Bank, China in 2021 – Report
Nigeria spent $598.59m on servicing the debts owed to the World Bank and the Exim Bank of China in 2021, according to…
High food prices’ll continue in Nigeria, others till 2023 –IMF
The International Monetary Fund says the impact of the war in Ukraine is likely to sustain pressure on commodity prices, affecting oil…
External reserves return to growth path, gain $243.83m
Nigeria’s external reserves rose by $243.83m in 19 days, according to figures obtained from the Central Bank of Nigeria. The CBN revealed…
IMF upgrades Nigeria’s economic growth forecast to 3.4%
The increase in global oil prices has caused the International Monetary Fund to review Nigeria’s economic growth potential to 3.4 per cent…
Paris Club: States write FG, kick against $418m deduction
State governments have asked the Federal Government to refrain from deducting from funds accruing to them and all local government councils as…
Food prices jump over insecurity, fuel scarcity in Q1 – Report
THE rise in diesel prices, petrol scarcity, and heightened insecurity in the nation drove food prices to a record high in the…
25% of 2022 capital expenditure may not be funded –Economists
ABOUT 25 per cent of the projected N4.5tn capital expenditure in the 2022 Appropriation Act may not be funded, going by the…