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Economy

Nigerian Gov’t To End Petrol Subsidy In June 2023

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

World Bank Reveals Terrifying Details About Nigeria’s Economy Under Buhari [LOOK]

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,...

Senate Summons CBN Governor, Emefiele Over Depreciation Of Naira

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...

BREAKING: Naira Crashes To N710 To $1

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...

Nigeria’s Inflation Hits 18.6%, Seventh Consecutive Month Increase

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...

Nigeria’s Public Debt Hits 50-Year High – World Bank

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...

Fuel Subsidy: Nigeria Merely Struggling To Service Debts – Buhari Gov’t

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...

CBN Increases Monetary Policy Rate To 13%

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...

Nigeria’s GDP Records 3.11% Growth In First Quarter

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...

Green Policies: Should You Take Caps And Lids Off Recyclables?

A large majority of things we deal with in our everyday lives are made from plastic. It’s convenient, not expensive to produce and not...

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