nigeria economy
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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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Nigeria Nigerians Surprised as Tinubu Takes Full Responsibility for Nigeria's Economic Woes
President Bola Tinubu has appealed for patience from Nigerians in the face of the current economic hardships, asserting that the nation will overcome these challenges. During his visit to the leader of the pan-Yoruba sociopolitical organization, Afenifere, Tinubu acknowledged his...- Nigeria News
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- nigeria economy ondo state news president tinubu rotimi akeredolu
- Category: Politics
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Nigeria Nigerians Outraged as Northerners Demand Binance Official's Detention Until $1 Exchanges at N600
In a surprising tweet from Voice of Northerners Twitter page, a demand was made for the prolonged detention of the arrested Binance official in Nigeria until the exchange rate drops to 600 Naira per dollar, with a call for President Tinubu to teach a lesson for allegedly sabotaging the economy...- Nigeria News
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- binance arrest dollar exchange rate forex crisis nigeria economy president tinubu
- Category: Metro
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Nigeria Nigeria's Economic Woes: What Dangote, Elumelu, Rabiu, Soludo and Others Discussed with Tinubu
In a crucial meeting held at the Presidential Villa in Abuja, President Bola Tinubu engaged in a strategic dialogue with prominent figures from Nigeria's private sector and state leadership. The summit, attended by business magnates Aliko Dangote, Abdulsamad Rabiu, Tony Elumelu, and governors...- Nigeria News
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- abdulsamad rabiu aliko dangote business summit governor charles soludo governor dapo abiodun nigeria economy president tinubu tony elumelu
- Category: Politics
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Nigeria Nigerians Call for Long-Term Solutions Amid Hardship as FG Plans Monthly N25K Aid for 15m Households
In response to rising living costs and economic challenges, the Federal Government is launching a new plan to give N25,000 every month to 15 million households across the country. This initiative comes after recent policy changes led to increased petrol prices and a tough economic situation for...- Nigeria News
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- economic relief government initiative nigeria economy president tinubu wale edun
- Category: Politics
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Nigeria Senate Approve Team of 12 to Oversee Nigeria Economic Transformation
The Senate has greenlit the appointment of 12 individuals to serve as members of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN). This crucial development, following a report from the Committee On Banking, Insurance, and Other Financial Institutions, sets the stage for...- Nigeria News
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- cbn news cbn's monetary policy committee lamido yuguda monetary policy nigeria economy olayemi cardoso
- Category: Politics
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Nigeria Naira Weakens with Dollar at N1,700, Pound Sterling at N2,100 in Lagos
The Nigerian Naira plummeted to unprecedented depths on Monday, hitting N1,700 against the US Dollar and N2,100 against the Pound Sterling. These alarming figures mark a historic low for Nigeria's currency, painting a bleak picture of the nation's economic stability, particularly under the...- Nigeria News
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- currency crisis naira depreciation nigeria economy president tinubu
- Category: Business
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Nigeria Nigerians Brace for Economic Hardships as Inflation Soars to 29.90% in January 2024
Nigeria's inflation rate surged to 29.90% in January 2024, marking a significant increase from the previous month's 28.92%, as reported by the National Bureau of Statistics (NBS). The latest inflation report highlights a persistent upward trend, indicating that the inflationary pressures in the...- Nigeria News
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- inflation crisis nbs report nigeria economy nigerias inflation rate
- Category: Business
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Nigeria Suffering and Not Smiling: Nigerians Looking for Answers As IMF Confirm The Secret Return of Oil Subsidies
In a surprising turn of events, the International Monetary Fund (IMF) has confirmed that the Nigerian government, under President Bola Tinubu's administration, has quietly resumed the payment of subsidies on petrol, also known as premium motor spirit (PMS). This revelation comes just months...- Nigeria News
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- economic policy fuel prices imf nigeria economy petrol subsidy president tinubu
- Category: Politics
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Nigeria Nationwide Uproar: Nigerian Families Struggle as Rice Prices Skyrocket to N77,000 per Bag
In the face of an unprecedented surge in the cost of living, Nigerian families are grappling with the harsh realities of a struggling economy. The price of rice, a staple in the country, has skyrocketed to N77,000 per bag, reflecting a broader trend of escalating costs for goods and services...- Nigeria News
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- economic turmoil nigeria economy rice crisis rising food prices
- Category: Metro
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Nigeria Nigerians Slam CBN Governor for Blaming Students Abroad for Naira's Exchange Rate Woes
The Central Bank of Nigeria's Governor, Dr. Olayemi Cardoso, addresses the House of Representatives, linking the depreciation of the naira against the dollar to the increasing number of Nigerians pursuing education and medical treatments overseas. The governor outlines plans to tackle the high...- Nigeria News
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- cbn governor finance minister naira exchange rate nigeria economy wale edun yemi cardoso
- Category: Politics
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Nigeria Nigeria's Construction Sector Under Strain: 200% Surge in Costs Sparks Housing Accessibility Concerns
Inflation and exchange rate fluctuations have led to a staggering 200% increase in construction costs over the past two years, exacerbating challenges in Nigeria's building sector. The depreciation of the naira has driven up prices of imported building materials, while local materials have also...- Nigeria News
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- construction costs housing affordability nigeria economy
- Category: Business
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Nigeria Central Bank's New Forex Regulations Trigger Varied Sentiments in Nigeria
The Central Bank of Nigeria (CBN) has enacted stringent measures to bolster liquidity in the foreign exchange market, instructing banks to limit their Net Open Position (NOP) of foreign currency assets and liabilities to 20% of shareholders' funds. The directive, issued through a CBN circular...- Nigeria News
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- cbn cbn forex policy naira exchange rate nigeria economy
- Category: Business
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Nigeria Nigeria Faces Economic Headwinds as IMF Revises 2024 Growth Estimate to 3%
The International Monetary Fund (IMF) has adjusted Nigeria's 2024 economic growth forecast downward to 3.0%, marking a notable decrease from the previous projection of 3.1% made in October 2023. This downgrade was unveiled in the IMF's World Economic Outlook update released in January 2024...- Nigeria News
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- economic forecast growth projection imf nigeria economy
- Category: Business
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Nigeria Manufacturers Sound Alarm on Impending Price Escalations Amid Naira Depreciation
Manufacturers in Nigeria are bracing for a potential surge in commodity prices as the nation's currency, the naira, continues its downward spiral against the United States dollar. Since the removal of the rate cap by the Central Bank of Nigeria in June 2023, the naira has witnessed a significant...- Nigeria News
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- cbn exchange rates forex market manufacturers association of nigeria naira depreciation nigeria economy
- Category: Business
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Nigeria Nigeria's Currency Crisis: US Dollar Hits N1,355, Raising Concerns for Businesses and Citizens
Amidst economic uncertainties, the Nigerian currency faces a significant setback with the US dollar soaring to N1,355 at the black market. Despite recent efforts to stabilize the exchange rate, including a $2.25 billion support from AfreximBank, the naira's value continues to decline. In...- Nigeria News
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- black market rate currency crisis naira against dollar rate naira depreciation nigeria economy us dollar exchange rate
- Category: Business
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Nigeria Nigeria's Inflation Soars to 28.9% in December 2023, Triggering Economic Concerns
As economic turmoil intensifies, the National Bureau of Statistics (NBS) released its December 2023 Consumer Price Index (CPI) on Monday afternoon, revealing a shocking surge in Nigeria's inflation rate to 28.9%. In comparison to November 2023's 28.20%, this new figure represents a significant...- Nigeria News
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- consumer price index cpi inflation crisis inflation in nigeria nbs nigeria economy
- Category: Business
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