The Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) by 150 basis points from 24.75% to 26.25% following a two-day meeting of...
As the Nigerian naira experiences a sharp depreciation against major currencies, financial analysts are predicting that the Monetary Policy Committee (MPC) will opt for another interest...
President Bola Tinubu has given the green light for a comprehensive N3.3 trillion rescue package. This ambitious initiative seeks to tackle the country’s mounting power sector...
Nigeria is grappling with soaring inflation as data from the statistics agency revealed that the country’s headline inflation surged to a new 28-year high in April....
The Federal Government through the Ministry of Power has acknowledged the organised Labour request for a reduction in electric tariff. The Nigeria Labour Congress (NLC) and...
In a concerted effort to address the $18 billion trade deficit between Nigeria and China, both nations have embarked on a collaborative endeavor aimed at bolstering...
In a recent report titled “Nigeria: 2024 Article IV Consultation,” the International Monetary Fund (IMF) has advised the Nigerian government to terminate all forms of fuel...
The International Monetary Fund (IMF) has said Nigeria’s growth prospects will barely exceed its population expansion despite recent economic reforms. Axel Schimmelpfennig, the IMF’s mission chief...
The World Bank has said Nigeria’s conditional cash transfer scheme aimed at bolstering household consumption and financial inclusion is largely ineffective. Despite significant investment and efforts...
In a significant development for the Democratic Republic of Congo (DRC), a newly revealed contract sheds light on a revamped minerals-for-infrastructure deal with China, signaling billions...
