Economy

Nigeria's rising debt combined with its weak spending and the difficulty in raising extra tax revenues means it faces a fiscal policy trilemma. Africa’s biggest economy’s debt to GDP…

The economic case for the removal of Nigeria’s fuel subsidy regime is mounting by the day even though the present administration seems undecided on how to proceed. The billions of naira…

With its current population of 1.37 billion Africa will need a socio-economic stimulus worth $7.1 trillion to recover from the ravages of the COVID-19 pandemic, Antonio Pedro, deputy…

Inflation rate has slowed for seven straight months but Nigerians still feel the pinch with ravaging hunger levels and rising poverty. According to the World Bank’s latest Nigeria…

The global construction market is set for a sustained period of strong growth post-Covid-19, driven by government spending on infrastructure and transition to a net zero society, according…

The National Assembly is yet to pass the World Bank’s $500 million financing support to improve electricity distribution in Africa’s biggest economy, the bank’s country director for Nigeria,…

No one feels good paying more for the same. If this is a huge concern for you, you are certainly not alone. Inflation, the persistent change in prices in all sectors of the economy over a…

Bola Deji, a 27-year-old staff of one of the new digital banks, had never thought about remote work as a long-term fixture until her company declared everyone was going remotely. To her,…

The Debt Management Office (DMO) on Monday said that the Federal government of Nigeria has relied on debt to finance over 90 percent of deficits contained in its annual Appropriation Acts.…

Nigeria has now posted strong growth in the second and third quarters of 2021 after a turbulent 2020 when the economy slipped into a recession, but the question on the minds of several…