Trade volume between Nigeria, China down by $10m in 2022, says envoy
The Minister for Economic and Commercial Affairs, Embassy of the Republic of China in Nigeria, Wang Yingqi, has blamed the…
CBN raises interest rate to 18%, retains other parameters
The policy-setting committee of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which measures interest…
Africa accounts for 55% of world’s poor – ECA
The Chief Economist at the Economic Commission for Africa, Hanan Morsy, says Africa currently accounts for more than half of…
Investors lose N479b as economy struggles against elections burden
Uncertainty in the political space has triggered panic sell off of the equities at the Nigerian Exchange Limited (NGX) causing…
FG rakes in N10tn VAT under Buhari – NBS
The Federal Government has raked in N10.1tn from the collection of Value Added Tax under the regime of the President…
Cash crunch: Food, nutrition crises loom in 26 states, FCT – FAO
About 24.8 million Nigerians in 26 states and the FCT could experience acute nutrition and food crisis between June and…
Manufacturers’ sales dip 25% on cash crunch
The Manufacturers Association of Nigeria (MAN) has cried out that the currency redesign policy and the attendant scarcity of the…
Inflation in Nigeria rises to 21.9%, private sector blames naira crisis
Headline inflation in Nigeria rose to 21.91 per cent in February amid a naira redesign policy that was meant to…
Naira redesign will contract Nigeria’s GDP by N10trn in Q1 2023, says Ex-NBS boss
Oyeyemi Kale, former Statistician-General of the Federation, says Nigeria’s gross domestic product (GDP) would contract in the first quarter (Q1)…
Former CBN Deputy Governor faults implementation of naira redesign
A former Central Bank of Nigeria’s Deputy Governor, Kingsley Moghalu, has expressed dissatisfaction over the series of crises created by…