Economy
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Economy
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 to commodity markets, altering global patterns…
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Economy
Nigeria Spends 86% Of Revenue On Debt Servicing, South Africa Pays 20%
…analysts say Nigeria’s debt too expensive Nigeria spent 86 per cent of its revenue on servicing debt in 2021, but…
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Economy
Containers Clearing Cost Jumps By 67%, Vehicle Parts’ Prices Soar
Freight charges in the nation’s seaports have jumped by 67 per cent, resulting in increases in prices of vehicle spare…
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Economy
Nigerians’ Spending On Household Consumption Rises To N108tn – NBS
The National Bureau of Statistics has said that Nigerian residents spent N108.47tn on household consumption in 2021 in nominal terms.…
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Economy
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…
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Economy
Inflation Pushes 23 Million Nigerians Into Food Crisis – Report
The World Bank has said COVID-19 pandemic-induced inflation pushed about 23 million Nigerians into a food crisis in 2021. The…
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Economy
Fuel Subsidy Puts Nigerian Economy At High Risk –World Bank
The World Bank says increasing fuel subsidy puts the Nigerian economy at a high risk as subsidy payments could significantly…
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Economy
Nigeria’s Inflation Drops To 15.92% In March 2022
Nigeria’s inflation rate dropped by 0.19 per cent points to 15. 92 per cent in March 2022 from 16.73 per…
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Economy
Senate Moves To Establish Council On Economic Diversification, Tax Crimes Commission
A bill seeking to establish the Nigerian Council on Economic Diversification has scaled second reading in the Senate. The piece…
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Economy
Nigeria Generates Over $3bn From Non-oil Export, Says NEPC
The Nigerian Export Promotion Council has said that the country exported non-oil products worth $3.455bn in the 2021 fiscal year.…
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