Analysts see $2.25bn World Bank loan easing naira pain
Businessday NG » Economy
by Eniola Olatunji
23h ago
The $2.25 billion World Bank loan given to Nigeria to stabilise the economy and scale up support to the poor read more Analysts see $2.25bn World Bank loan easing naira pain ..read more
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Nigeria inflation remains high at 33.95% despite month-on-month slowdown
Businessday NG » Economy
by Eniola Olatunji
2d ago
Nigeria’s annual inflation rate ticked up to 33.95 percent in May. However, month-on-month headline inflation slowed to 2.14 percent in read more Nigeria inflation remains high at 33.95% despite month-on-month slowdown ..read more
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Debunking Economic Myths: New minimum wage doesn’t always translate to poverty reduction
Businessday NG » Economy
by Oluwatobi Ojabello and Wasiu Alli
3d ago
The increase in Nigeria’s minimum wage from N18,000 in 2018 to N30,000 in 2022 coincided with a rise in the read more Debunking Economic Myths: New minimum wage doesn’t always translate to poverty reduction ..read more
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Manufacturers’ tax to Nigeria hits 3-year low on record losses
Businessday NG » Economy
by Bunmi Bailey
6d ago
…drops 70% in Q1 Tax payments from manufacturers in Nigeria dropped to the lowest in three years in the first read more Manufacturers’ tax to Nigeria hits 3-year low on record losses ..read more
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FAAC disburses N1.14 trn to federal, states, local government in June 2024
Businessday NG » Economy
by Cynthia Egboboh
6d ago
The Federal Account Allocation Committee (FAAC) has disbursed a total sum of N1.14 trillion to the Federal Government, States and read more FAAC disburses N1.14 trn to federal, states, local government in June 2024 ..read more
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Uncertainty clouds Nigeria’s Eurobond plans
Businessday NG » Economy
by Eniola Olatunji
1w ago
Nigeria’s plans to issue Eurobonds, once seen as a path to bolster government finances, have been clouded by uncertainties, according read more Uncertainty clouds Nigeria’s Eurobond plans ..read more
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Chart shows Nigeria’s top 10 export destination in Q1 2024
Businessday NG » Economy
by Wasiu Alli
1w ago
France leads the list of Nigeria’s export destinations for the first three months of 2024 ahead of China and the read more Chart shows Nigeria’s top 10 export destination in Q1 2024 ..read more
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Petrol subsidy return seen denting Nigeria’s credit rating
Businessday NG » Economy
by Bunmi Bailey
1w ago
The return of petrol subsidy in Nigeria could affect the country’s positive credit ratings, according to multiple analysts who spoke read more Petrol subsidy return seen denting Nigeria’s credit rating ..read more
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From Access to Sterling: See banks’ new lending rates after CBN hike
Businessday NG » Economy
by Hope Moses-Ashike
1w ago
The Nigerian financial services sector, including commercial and merchant banks, have adjusted their lending rates in response to the rising read more From Access to Sterling: See banks’ new lending rates after CBN hike ..read more
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Trade surplus hits 14-yr high as weak naira lifts exports
Businessday NG » Economy
by Bunmi Bailey
1w ago
Nigeria’s trade surplus, the difference between exports and imports, rose to N6.52 trillion in the first quarter of 2024, according read more Trade surplus hits 14-yr high as weak naira lifts exports ..read more
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