Browsing Category
Economy
Governors support disengagement of 12,000 federal workers to save N450bn
About 11,926 federal government’s workers may soon say goodbye to the federal service should the Nigerian federal government go ahead to implement one of the recommendations made by the 36…
Nigeria’s dire fiscal state to worsen without subsidy removal – Budget…
President Muhammadu Buhari's government must cut gasoline subsidies and boost revenue collection to avoid a sharp deterioration in government finances next year, his own budget office has…
Explainer: Economics of FX black market
The naira, Nigeria’s currency has persistently depreciated at the parallel market popularly called black market or ‘Aboki’, falling to as low as average of N654 per dollar on Friday, July…
Nigerians share experiences as inflation bites harder
Over 70 percent of Nigerians are struggling financially to survive amid surging prices and dwindling income.
Inflation in Africa’s biggest economy hit 18.6 percent in June this year, the…
Naira falls again on fresh dollar demand by importers
The nation’s currency, Naira, on Monday depreciated further at the parallel market following renewed demand for dollars, especially from importers, traders told BusinessDay.
After trading…