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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 of trade, production,...
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 South Africa spent...
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 parts, The PUNCH learnt. In...
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. The figure is...
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 in...
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 Washington-based bank said...
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 impact public finance...
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 cent recorded in...
