Tag: Economy

In 2022, the Nigerian government spent N3.63 trillion servicing its external and domestic debts. This is based on information obtained ...

According to the World Bank, Nigeria's major challenge is that it spends all of its revenues on debt servicing rather ...

Nigeria's economy which is gradually tilting towards decline is positioned to face microeconomic shocks over the impending removal of subsidy ...

The Nigerian government has been under strong criticism for spending a whooping N12 billion to purchase 10 firefighting trucks at ...

The National Bureau of Statistics on Wednesday said the inflation rate has risen to 21.91%, compared to January 2023 inflation ...

Nigeria's President Muhammadu Buhari must immediately address the cash crunch already crippling the country's economy. Buhari's continued silence on a ...

According to the Manufacturers Association of Nigeria (MAN), among other factors, the redesign of Naira notes has had a negative ...

2022 brought turbulence to the markets with surging interest rates, unexpected inflation, and plummeting stock markets. However, the energy sector ...

Nigeria's public debt rose from N42.84 trillion (103.31 billion dollars) in the second quarter of 2022 to N44.06 trillion (101.91 ...

The UN said poor power supply in the country, and the economy would benefit from robust commodities trade and dynamic ...

Nigeria's poverty rate has been rising on an annual basis. 63 percent of people—133 million Nigerians out of an estimated ...

I am particularly pleased that Afreximbank and BOI are boldly venturing upstream to help investors develop well-structured projects that meet ...

Most businesses in Nigeria are now on the brink of collapse under the pressures from the economic policy environment.

Gig work has the ability to drive such a transformation of the earning landscape faster and more efficiently than most ...

Hernandez noted that the high inflation has crashed the value of the national minimum wage of N30,000 ($82), which is ...