Nigeria’s Credit Rating Worrisome, Says Obi
The Labour Party presidential candidate, Peter Obi, on Wednesday, described as worrisome the recent downgrade of Nigeria’s credit rating by ...
Tag: Nigerian Economy
Flood Caused N4.2tn Economic Loss In 2022, Says FG
The 2022 floods in various parts of Nigeria led to an estimated economic loss of $9.12bn (N4.2tn as at Friday’s ...
UK To Remove Tariffs On Over 3,000 Exports From Nigeria
The UK government will eliminate tariffs on more than 3,000 products it imports from Nigeria in a bid to boost ...
CBN Injects $15.3bn To Stabilise Naira
The Central Bank of Nigeria (CBN) injected $15.3bn into the economy to stabilise the value of the naira from January ...
Borrowing Costs, Others Weaken Nigeria’s Fiscal Position- World Bank
The World Bank has said that high borrowing costs, lower energy prices, slow growth in oil production and subdued oil-sector ...
Nigeria Must Limit Reliance On Foreign Products- Emefiele
The Governor, Central Bank of Nigeria, Godwin Emefiele, has said the country is putting in place measures to protect the ...
Naira Redesign Significant Step to Economic Recovery- Bawa
...Says more governors being monitored for stashed cash The Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, ...
No Going Back on Phased Petrol Subsidy Removal in 2023- Finance Minister
Nigeria’s Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, on Tuesday, insisted that the federal government will commence ...
Nigeria Can’t Survive With Endless Borrowing – DMO
The Debt Management Office has disclosed that it has been difficult for Nigeria to borrow from the international markets as ...
Petrol Imports incur ₦17 Trillion, Refineries remain dormant, unproductive
President Muhammadu Buhari-led administration has spent over N16.9tn on the importation of not less than 132.24 billion litres of Premium ...
