nigeria economy
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Nigeria Nigeria’s Finance Minister Credits Tinubu for Saving Economy by Ending Fuel Subsidy
Wale Edun, Nigeria's Finance Minister, praised President Bola Tinubu’s decision to end the fuel subsidy, which saved the country five percent of its GDP annually. He highlighted that the move would benefit all levels of government, boost infrastructure, and attract private sector investments...- Nigeria News
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- 1 min read
- fuel subsidy removal nigeria economy tinubu wale edun
- Category: Politics
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Nigeria SGF George Akume: Nigeria’s Tough Times Are Necessary for Future Economic Revival
President Bola Tinubu, represented by SGF George Akume, acknowledges Nigeria's tough economic challenges, attributing them to essential reforms. Emphasizing that solutions are not immediate, Akume affirms progress is underway. Tinubu also honors Pastor Tunde Bakare for his contributions, calling...- Nigeria News
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- nigeria economy pastor bakare sgf akume tinubu
- Category: Politics
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Nigeria Naira Plummets: Now Third Worst Currency as Liquidity Issues Persist
Nigeria's Naira has fallen to the world's third worst-performing currency, losing about 70% of its value against the dollar. A recent 4.3% drop to 1,670.65 Naira per dollar highlights ongoing liquidity issues in the foreign exchange market, exacerbated by declining crude oil production. The...- Nigeria News
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- crude oil production currency devaluation foreign exchange market naira nigeria economy
- Category: Business
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Nigeria NLC Blames IMF, World Bank for Nigeria’s Economic Woes
The Nigeria Labour Congress (NLC) has accused the International Monetary Fund (IMF) and World Bank of driving Nigeria's economic hardships, blaming their policy recommendations for the country’s financial struggles. NLC President Joel Ajaero calls for IMF and World Bank to end their influence...- Nigeria News
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- economic hardship imf nigeria economy nlc world bank influence
- Category: Metro
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![[VIDEO] Rufai Oseni and Iyin Aboyeji Clash Over Economic Strategies on Arise TV](/data/attachments/209/209440-3ced3182b5fd26086cae5ae1b1f52c49.jpg?hash=2Ga7EkXuo7)
Nigeria [VIDEO] Rufai Oseni and Iyin Aboyeji Clash Over Economic Strategies on Arise TV
In a recent Arise TV interview, Flutterwave founder Iyin Aboyeji argued that Nigeria's weak Naira benefits the economy, despite concerns about purchasing power and minimum wage issues. Rufai Oseni challenged Aboyeji’s claims, citing the impact of inflation and the difficulties of automation in a...- Nigeria News
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- minimum wage nigeria economy rufai oseni
- Category: Business
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Nigeria Nigeria's Finance Minister: "Subsidies Are Gone, We Must Move Forward"
Nigeria's Finance Minister, Wale Edun, confirmed the removal of fuel and foreign exchange subsidies, citing financial strain on the economy. The government plans to address unemployment through a new housing finance initiative, while inflation soars to 32.70%. Critics highlight the adverse...- Nigeria News
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- foreign exchange subsidies fuel subsidies nigeria economy
- Category: Business
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![Today's Naira Rate[06-10-2024]: Black Market Dollar Rate Reaches N1,674 as Economic Challenges Persist](/data/attachments/208/208942-40f177f6e3caf61ab226cc86d490ccfd.jpg?hash=hFfFcRmkeL)
Nigeria Today's Naira Rate[06-10-2024]: Black Market Dollar Rate Reaches N1,674 as Economic Challenges Persist
As of October 6, 2024, the black market exchange rate for the US dollar against the Nigerian naira has reached N1,674. This stark difference from the official rate of N1,657 by the Central Bank highlights ongoing economic challenges and a persistent shortage of foreign currency in Nigeria. As...- Nigeria News
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- black market dollar to naira exchange rate foreign currency shortage nigeria economy
- Category: Business
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Nigeria Actress Eniola Badmus Claims Nigeria’s Economy Is Improving: Is It True?
Nigerian actress Eniola Badmus claims the country is experiencing reduced imports and increased exports. Her comments sparked debates on social media, with many questioning the economic realities. Critics argue that the decline in imports is due to affordability issues rather than improved local...- Nigeria News
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- eniola badmus export increase import reduction nigeria economy
- Category: Entertainment
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Nigeria President Tinubu Assures Nigerians of Brighter Future Despite Current Hardships
President Bola Tinubu has urged Nigerians to remain patient amid economic hardships caused by fuel subsidy removal. In a recent address, he acknowledged the delays in implementing his administration's plans but assured that future policies will lead Nigeria to a more prosperous era In a...- Nigeria News
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- bola tinubu economic hardship fuel subsidy removal nigeria economy
- Category: Politics
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Nigeria Vice President Shettima: Nigeria on Track to Overtake Global Economies
Vice President Kashim Shettima asserts that Nigeria is set to surpass major global economies, citing the launch of the AI Expertise Blockchain and Technology Training and Outsourcing Initiative as a key driver. This program, part of a broader digital transformation strategy, aims to train 1,000...- Nigeria News
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- ai blockchain training digital transformation kashim shettima nigeria economy
- Category: Politics
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Nigeria Nigeria Receives $751.88 Million from World Bank's $1.5 Billion Loan Package
Nigeria secures $751.88 million from World Bank's $1.5 billion loan for economic reforms. The RESET program aims to boost revenues, expand social safety nets, and liberalize imports. Conditions include VAT reforms and executive orders. World Bank to monitor Nigeria's compliance with agreed...- Nigeria News
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- economic reforms nigeria economy reset program world bank loan
- Category: Business
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Nigeria Nigerians Shocked as VP Shettima Hails Tinubu's Economic Leadership Amidst Crumbling Economy
President Bola Tinubu's economic leadership is transforming Nigeria, according to Vice-President Kashim Shettima. At the NEC meeting, Shettima praised Tinubu's financial prudence and transparency, citing improved credit ratings and economic growth. At the 142nd National Economic Council (NEC)...- Nigeria News
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- bola tinubu kashim shettima nigeria economy
- Category: Politics
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Nigeria Presidency Slams NYT for Negative Portrayal of Nigeria, Highlights Tinubu’s Reforms
The Nigerian presidency refutes claims in a New York Times article, asserting that President Tinubu inherited, not caused, the country's economic challenges. Highlighting policy measures and positive economic indicators, the presidency defends Tinubu’s administration and criticizes the foreign...- Nigeria News
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- bayo onanuga exchange rate fuel subsidy new york times nigeria economy tinubu economic policies
- Category: Politics
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Nigeria's Economy Blamed for Multichoice's 9% Dip in DStv Subscribers
Multichoice Group reports a 9% decline in active DStv subscribers, citing economic challenges in Nigeria and across Africa. Factors include currency devaluation and inflation. The company faces regulatory hurdles, including fines, amid price increases and cost-saving measures. Multichoice...- Nigeria News
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- dstv subscribers multichoice nigeria economy pay-tv operator
- Category: Business
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Nigeria Nigerians conflicted as ACF Blames President Tinubu's Policies for Economic Woes
The Arewa Consultative Forum (ACF) criticizes President Tinubu's policies, citing their negative impact on Nigeria's economy. Inflation, unemployment, and declining living standards are highlighted, with warnings of potential social unrest. The Arewa Consultative Forum (ACF) has raised concerns...- Nigeria News
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- acf arewa consultative forum nigeria economy president tinubu
- Category: Politics
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Nigeria Nigeria's Economic Reign Ends: Slips to Fourth Place in African GDP Rankings
As Africa's economic landscape undergoes a significant shift, Nigeria, once the continent's largest economy, is poised to slip to fourth place this year, according to projections from the International Monetary Fund (IMF). In a surprising turn, Egypt, which briefly held the top position in 2023...- Nigeria News
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- african economy currency devaluation economic policy reform international monetary fund nigeria economy
- Category: Business
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Nigeria Nigerians Call Out APC: Stop the Blame Games, Fix the Economy
Senator Sunday Karimi, representing Kogi West Senatorial District, made headlines yesterday as he addressed a gathering at the maiden edition of Igbaruku Day in Igbaruku-Okeri, Kogi State. Standing before members of the Igbaruku-Okeri Community Development Association (ICDA), Karimi made a bold...- Nigeria News
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- bola tinubu administration nigeria economy senator sunday karimi
- Category: Politics
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Nigeria Nigeria's Economy Receives Boost: CBN Announces $1.5bn Influx
The Central Bank of Nigeria (CBN) has reported a substantial inflow of over $1.5 billion in recent days, signaling a positive outlook for the nation's monetary policy initiatives. The announcement, made by the Bank's Acting Director of the Corporate Communications Department, Hakama Ali...- Nigeria News
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- cbn governor central bank of nigeria foreign exchange market forex market monetary policy nigeria economy yemi cardoso
- Category: Business
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Nigeria Economic Challenges Loom as EIU Forecasts Naira to Plummet Below N2,000 per Dollar by Year-End
In a recent report released by the Economist Intelligence Unit (EIU) in March 2024, the economic future of Nigeria is painted with uncertainties as the country faces five critical risks that could jeopardize peace, economic progress, and overall development in the coming months. The EIU report...- Nigeria News
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- economist intelligence unit (eiu) labor union strikes market reforms naira depreciation naira devaluation nigeria economy
- Category: Business
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Nigeria Business Moral Booster: South African Billionaire Christo Wiese Affirms Nigeria's Potential Despite Recent Exodus"
In an exclusive interview on Bloomberg TV, South African billionaire Christo Wiese voiced optimism about Nigeria's economic future, countering the recent trend of global corporations exiting the country. Wiese, the former chairman of Shoprite Holdings Ltd., Africa's largest grocer, described the...- Nigeria News
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- christo wiese nigeria economy shoprite holdings south african investor
- Category: Business
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