Economy

At a time when Nigeria can ill afford needless threats to an economy in recession, the repeated financing of the Federal Government's budget deficit by the Central Bank through Ways and…

Nigerians may have been made to believe that the petrol subsidy has been removed in recent times, but the fact is, the claims by the government is far from reality. The minister of…

Nigeria’s ultra-low Treasury bills yields amid high inflation rate are credit negative for banks, according to global rating agency Moody’s. The low-interest-rate will continue to…

Nigeria, which is currently in recession, requires massive investment to grow in 2021 and to achieve this, it needs to have macroeconomic stability, according to Doyin Salami, chairman,…

Global rating agency, Fitch, sees the external reserves of Africa's biggest economy rising to $42 billion by the end of 2021, the highest since September 2019, courtesy of a projected…

Pushed majorly by soaring food prices, Nigeria’s inflation hastened by 15.75 percent (year-on-year) in December 2020, according to new figures released by the National Bureau of Statistics…

Nigeria is riding on the gains of a repressed yield to bring down the cost of servicing domestic debt, but analysts say the move is unsustainable. Thanks to an unsustainable…

The federal government budget for 2021 was recently presented with a total of N13.59 trillion, 31 percent higher than the revised 2020 budget of N9.97 trillion. The year 2020 came with some…

The Lagos State government on Wednesday announced that Ehingbeti, the private sector-centred economic transformation conference planned for the 1st quarter of 2021 after its postponement…

Experts in the financial services sector on Tuesday suggested policy direction that could normalise the pressure in the foreign exchange market. One of the suggestions as was given by…