Nigeria’s inflation rate dropped to 24.48% in January 2025 following the rebasing of the Consumer Price Index (CPI) by the National Bureau of Statistics (NBS). The updated methodology improves accuracy by expanding product categories and refining data collection, ensuring inflation figures...
The Minister of Information and Culture, Alhaji Lai Mohammed says President Muhammadu Buhari has taken Nigerians closer to the Next Level target in the outgoing year 2019.
The minister stated this on Monday in Lagos at a media briefing to present the major achievements of the …
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A recent report released by FitchSolutions on Nigeria’s country Risk for the third quarter of 2019 reveals Nigeria’s economy will struggle to return to the robust levels of economic growth, witnessed prior to the 2014 collapse in global oil prices, due to the economic policies of the Buhari led...
Nigeria’s economy is recovering, the International Monetary Fund has said, giving President Muhammadu Buhari’s economic initiatives a pat on the back.
“Executive Directors welcomed Nigeria’s ongoing economic recovery, accompanied by reduced inflation and strengthened reserve buffers,” the …...
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Given the challenging economic backdrop, the report suggests that certain key policy reforms would be important to support macroeconomic resilience for Nigeria.
The World Bank has said that Nigeria’s Gross Domestic Product (GDP) growth is expected to hover slightly below two …
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The downward slide of crude price may hamper current economic prospects in the country, particularly if the development refuses to abate, oil and gas analysts have said.The prices of oil had fallen on Friday with Brent oil inventory for January delivery, sliding 6.1 percent to $58.80 per barrel...
THAT the people perish for lack of good leadership has been one of the abiding verdicts of history. The Nigerian situation today is proving Horace right. In the last three months, I have found myself....
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The monetary policy committee of the Central Bank of Nigeria has warned that Nigeria may head for another economic recession due to weak economic fundamentals currently visible in the economy.
Addressing newsmen shortly after the two-day meeting of the MPC members held at the headquarters of...
A number of new investments in the manufacturing sector indicate that real sector players are confident of the Nigerian economy despite age-old challenges that have refused to go.
This year alone, new factories and production lines have opened, and many manufacturers are entering into …...
The World Bank Group on Tuesday in Abuja has said there is a need for governments to strengthen laws that govern the agricultural sector in the country. HARVEST: Women with baskets of tomatoes harvested from farmlands Mr Farbod Youssefi, the Programme Manager at the World Bank made the
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The Buhari administration said it is happy with the new growth figures, and will continue to work diligently on a daily basis to ensure inclusive growth, to which we have always been committed through the active pursuit of a raft of policy initiatives, past and present.
In a clear indication of...
The Speaker of the House of Representatives, Rt. Hon. Yakubu Dogara, has charged the President of Dangote Group, Alhaji Aliko Dangote, captains of industries and entrepreneurs to make efforts to help Nigeria come out of the current recession.
The speaker made this appeal in Benin City, Edo...
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