Economy
News and analysis on the Nigerian economy
Naira Posts First Loss at Retail Dutch Auction; Traders Await U.S. CPI Data
The local currency marked its first bearish fall on the Nigerian forex market since the Central Bank of Nigeria began...
Read more
MPC member warns against proposed increase in Ways and Means limit
Murtala Sabo Sagagi, a member of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), has expressed...
Read more
Nigeria’s economy growing, recorded $55 billion non-oil export in 2023 – Wale Edun
The Minister of Finance, Wale Edun, has reassured Nigerians that the economy is thriving under President Bola Tinubu’s leadership, noting...
Read more
Manufacturers applaud tax incentive initiative, says it will reduce production cost
The Manufacturers Association of Nigeria (MAN) has thrown its weight behind the tax incentive initiative stating that it will help...
Read moreCBN resumes regular publications on Inflation, business expectations survey, others to promote transparency
The Central Bank of Nigeria (CBN) has announced the reintroduction of periodic reports on key economic indicators as part of...
Read more
Three MPC members vote to retain interest rate at 26.25% during July meeting
At least three members of the Monetary Policy Committee (MPC) voted to retain the Monetary Policy Rate (MPR) at 26.25%...
Read more
Prices of food items, cooking gas rise in Kaduna after nationwide protest
In the wake of recent nationwide hunger protests, prices of cooking gas and food items have surged dramatically in Kaduna.
Read more
FCCPC blames disproportionate pricing of imported goods among retailers for inflation
The Federal Competition and Consumer Pricing Commission (FCCPC) has stated that disproportionate pricing of imported goods mostly among retailers is...
Read more
Inflation: 67% of MSMEs report decline in demand for their products and services – Report
A new report by Price Waterhouse Coopers has revealed that up to 67% of MSMEs in the country have seen...
Read more
Nigerian states spend N139.92 billion servicing external debt in first six months of 2024
Nigerian states have collectively spent about N139.92 billion on servicing external debt in the first half of 2024.
Read more
