Chief Executive Officer, Financial Derivatives, Bismarck Rewane has listed ICT, Financial Services, Transport, Construction, Manufacturing, Trade and Agriculture as sectors that are expected to drive economic...
In its latest Global Economic Prospects report, the World Bank has predicted that Nigeria’s economy will grow at a 2.5 percent rate in 2022 and 2.8...
Amid fresh threats from COVID-19 variants and a rise in inflation, debt, and income inequality, the global economy is entering a pronounced slowdown that could endanger...
The prices of food reached a 10-year high in 2021, rising by an average of 28 percent, the highest average level since 2011. The UN’s Food...
The Lagos Chamber of Commerce and Industry (LCCI) and Nigeria Labour Congress (NLC) reject the federal government’s newly imposed excise duty of N10 per liter on...
Economic uncertainty amidst weak fundamentals continues to drag on Nigeria’s foreign reserves and ability to support its huge dollar-dependent economy. The total value of Nigerian foreign...
The 2022 FGN budget titled Economic Growth and Sustainability was signed by President Buhari on 31 December ’21. The aggregate expenditure is estimated at N17.1trn, which...
The final month of 2021 revealed a robust expansion in Nigeria’s private sector with the PMI® improving to a 24-month high. Quicker uplifts in output and...
The World Bank has said Nigeria may have one of the highest inflation rates globally in 2022, with increasing prices diminishing the welfare of Nigerian households....
The World Bank has said the Central Bank of Nigeria’s large and growing financing has made Nigeria’s rising debt costly and vulnerable. The Washington-based global financial...
