Economy

Nigeria’s biggest agricultural firms, Okomu oil palm and Presco plc grew profit by the most in three years as sales surged on the back of the border closure in 2020. The two firms posted…

Nigeria plans to hire an asset manager for its new Infrastructure Corp. of Nigeria Ltd., designed to raise as much as 15 trillion naira ($36.7 billion) for projects and to accelerate growth…

Containing violence is costly, and for Nigeria, it has come at a bill of $1.34 trillion within 13 years - from 2007 to 2019. BusinessDay analysis of data from the 2021 Economic Value of…

The gross monthly distribution by the Federation Account Allocation Committee (FAAC) to the three government tiers and eligible agencies totalled NGN640bn (USD1.56bn) in February, 2021.…

International flows of migrant remittances to Nigeria, a significant source of economic support for Africa’s most populous country, suffered a 12.18 percent decline in 2020 amid the impact…

Nigeria may be out of recession for the second time within five years, but sectors of the economy collectively responsible for the bulk of job creation are delivering less growth than…

Capital component of the 2020 budget only attained 30 percent implementation as at December 31, 2020. BusinessDay recalled that to ensure full implementation of the 2020 budget, the National…

For months Nigeria’s monetary authorities kept money rates low but with inflation galloping at a fast pace and an early exit from economic contraction, the era of cheap money in Africa’s…

The unprecedented credit expansion and the resulting boost to spending on agriculture and consumption on the back of targeted credit facilities by the monetary authorities played a key role…

The unprecedented boost to consumption on the back of targeted credit facilities championed by the monetary authorities played a key role in Nigeria’s exit from economic recession, which…