Economy

Nigeria's Federal Government budget deficit in 2022, already tipped to top public estimates, will rise further with the revived petrol subsidy leaving Abuja with no choice but to borrow…

Nigeria’s economy will not be hit as the United States and other advanced economies aggressively move to normalise policy rates on the back of thickening inflationary pressures, Godwin…

The Nigeria-South Africa Chamber of Commerce (NSACC) will hold its January 2022 webinar breakfast forum sponsored by Protection Plus Services Limited, on Thursday, January 27, 2022, on Zoom…

Nigeria’s external reserves have declined to $40.31 billion as of January 21, 2022, the lowest since October 29, 2021, when it stood at $41.82 billion, representing a 3.61 percent decline.…

The Nigerian petroleum industry was on Tuesday thrown into confusion, as President Muhammadu Buhari’s government announced plans to amend the Petroleum Industry Act (PIA) to accommodate fuel…

In a season when at least 30 state governors and those seeking to succeed President Muhammadu Buhari are already jostling for attention, the Nigerian government is seen prioritising petrol…

A delegation of the Lagos State government led by Governor Babajide Sanwo-Olu was in Milwaukee, United States, on Tuesday, January 18, 2022, where it closed a deal on the purchase of two…

Foreign investors invested the lowest amount of money in Nigerian stocks in 2021, as economic reforms dragged and opportunities in other markets proved more compelling. Foreigners…

Nigeria’s gross domestic product (GDP) growth is expected to lag some of the continent’s smallest nations as analysed from the 2022 projections by the International Monetary Fund (IMF).…

Nigeria is experiencing a crippling foreign exchange (FX) shortage that makes it impossible for Small Medium Enterprises (SMEs) to get sufficient FX to conduct their businesses and drive…