The Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that Nigeria has lost trillions of naira to fuel subsidies and oil theft over the years. In...
In a bid to ensure the safety and efficiency of major road infrastructures in Nigeria, the Federal Government has approved the sum of N23.33bn for the...
The latest report from the Labor Department shows that inflation in the U.S. economy cooled in March, indicating that the Federal Reserve’s interest rate increases are...
The Nigerian Federal Government has announced that it will impose a fine of $49 million (N22 billion) on oil and gas firms operating onshore for flaring...
The International Monetary Fund (IMF) has projected that Nigeria’s economic growth will decline from 3.2 percent in 2023 to 3.0 percent in 2024. The IMF retained...
The Nigerian economy is facing significant challenges with the unemployment rate projected to reach 40.6% in 2023, according to the KPMG Global Economy Outlook report released...
As tensions between Russia and Ukraine escalate, Nigeria has seen a surge in its imports from Russia, according to the latest foreign trade report from the...
The Sub-Saharan African region has been hit hard by high inflation rates and currency depreciation, with several countries experiencing significant losses in the value of their...
Nigeria’s external reserves declined by $1.46 billion in the first quarter (Q1) of 2023 from $36.67 billion to $35.53 billion, according to data obtained from the...
China and Brazil have struck a new trade deal that will allow them to trade in their own currencies, bypassing the need for the US dollar...
