Economy

Economy

It’s always about the economy, stupid…
President Muhammadu Buhari of Nigeria

Nigeria’s total public debt stock rose from N41.60trillion (100.07 billion dollars) in March to N42.84trillion (103.31 billion dollars) in June. The Debt Management Office, DMO,...
Zainab Ahmed, the Minister of Finance n75 billion

The House of Representatives Ad Hoc Committee to Investigate the Petroleum Products Subsidy Regime from 2013 to 2022, on Thursday, August 18, 2022, grilled...
buhari, twitter ban

In light of Nigeria’s dwindling revenue, the continued payment of trillions of naira on fuel subsidy by the government, and the attendant economic challenges,...
cryptocurrency ban, Godwin Emefiele, CBN, Skye Bank, Shehu Mikail, Boniface Okezie nigeria

The Senate has summoned Godwin Emefiele, the Governor of the Central Bank of Nigeria, over the depreciation of the naira. Reports revealed the United States...
Aminu Gwadabe, Azubuike Igbokwe,

Despite starting the day at N675/$1, the exchange rate between the Naira and the US dollar on Wednesday fell beyond the N710/$1 threshold on...
INFLATION

Nigeria’s inflation rate recorded a seventh consecutive monthly rise to 18.6 percent in June. This represents a 0.9 percent point rise when compared to 17.7...
debt

The World Bank Group has said that public debt in Nigeria and other low- and middle-income countries is now at a 50-year high, which...
Zainab Ahmed, the Minister of Finance n75 billion

Zainab Ahmed, the minister of Finance, Budget, and National Planning, on Tuesday, June 14, 2022, expressed concern that the federal government’s continuous retention of...
cryptocurrency ban, Godwin Emefiele, CBN, Skye Bank, Shehu Mikail, Boniface Okezie nigeria

The Central Bank of Nigeria, CBN, has raised the Monetary Policy Rate, MPR,  from 11.5 per cent to 13 per cent, citing aggressive inflationary...
Zainab Ahmed, Tolu Ogunlesi

Nigeria’s Gross Domestic Product, GDP, grew by 3.11 percent (year-on-year) in real terms in the first quarter (Q1) of 2022, the National Bureau of...

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The family of Nollywood actress, Halima Abubakar, has called out controversial Nigerian clergyman, Apostle Johnson Suleman as her sickness worsen. This comes days after the actress exposed...
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