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Street food vendors are adapting to rising tomato prices by turning to 'esa', a cheaper alternative. This shift reflects the broader economic challenges affecting food affordability in Nigeria.
Eighteen countries are implementing various measures to protect their citizens from the rising global energy prices. These measures include subsidies, tax cuts, and price caps aimed at alleviating the financial burden on households.
An expert has attributed the decline in property investment in Nigeria to fraud, poor land records, and economic instability. These issues are significantly impacting investor confidence in the real estate sector.
The Nigerian capital market surged as investors traded 7.77 billion shares valued at N374bn. Explore the sectors and stocks driving this impressive growth.
The Bank of Industry has secured a $200 million support from the African Development Bank to enhance financing for SMEs, women, and youth enterprises. This initiative aims to bolster local manufacturing and promote a sustainable economy in Nigeria.
A recent report indicates that women own 40% of businesses in Nigeria. However, they encounter significant challenges in accessing credit, which impacts economic growth.
At the AWBFA conference, leaders from CBN and CIBN called for stronger female banking leadership, highlighting mentorship, collaboration, and training.
A leading tax expert urges Nigerian practitioners to prioritize ethical tax practice over short-term gains to build public trust and uphold global standard
The Centre for the Promotion of Private Enterprise warns against additional monetary policy tightening by the Central Bank of Nigeria. They emphasize the need for a balanced approach to support economic growth.
Emmanuel Addeh in Abuja The Managing Director and Chief Executive Officer of the Niger Delta Power Holding Company (NDPHC), Jennifer Adighije, has expressed the readiness of the company to play a
Nigeria's inflation has risen for the second consecutive month, prompting the Monetary Policy Committee to consider holding interest rates steady. This trend is influenced by global factors, including the U.S./Iran conflict, which has reversed previous disinflationary trends.
The article discusses the concept of Nigeria's dependency ratio, highlighting its cultural significance and the term 'wahala' that resonates widely. It emphasizes how certain words transcend language barriers and become part of global consciousness.
A report highlights that Nigeria's financial system is hindering the growth of MSMEs due to high monetary policy rates and inflation. It emphasizes the need for productive lending rather than mere discussions on support.
The Central Bank of Nigeria has kept the Monetary Policy Rate at 26.50%, resulting in the maximum lending rate remaining unchanged at 35.17% for the second month. This stability in lending rates may provide some predictability for borrowers in the banking sector.
Nigeria's gross external reserves have increased to $48.54 billion, marking a significant recovery. This rise of over $218 million reflects a positive trend in the country's foreign currency buffer.
Nigeria's pension crisis leaves retirees facing uncertainty and neglect after years of service. Many former workers, including those from Nigeria Airways, have waited over two decades for their pensions.
Stakeholders in Nigeria's capital market recently celebrated the 50th anniversary of the Financial Trust Company (FTC), recognizing its significant contributions. The event highlighted the importance of indigenous institutions in fostering market growth.
Emma Okonji The Nigeria Revenue Service (NRS) has authorised Upperlink Limited as the System Integrator on Nigeria’s national e-invoicing platform, even as the company will support businesses while Nigeria advances
Lagos Speaker Mudashiru Obasa emphasized the importance of strong institutions and transparent governance for economic growth in Lagos. He urged investors to consider these factors when engaging with the region.
The Badminton Federation of Nigeria (BFN) has concluded its two-day strategic retreat aimed at repositioning badminton for sustainable growth, grassroots expansion, elite performance, and stronger contribution to Nigeria’s sports economy.
Nigerian insurers are racing against a July 31 deadline to secure N132bn for recapitalisation to comply with new capital regulations. This comes amid a challenging economic environment that complicates their efforts.
Oil prices are approaching $110 per barrel due to escalating tensions between the US and Iran. President Trump's threats regarding the Middle East crisis are contributing to this surge.
Nigeria's FX market is recovering due to a $7 billion backlog clearance and policy reforms, leading to increased autonomous inflows. This surge has boosted investor confidence in the market.
The NDPHC is set to support the Lagos electricity market with an additional 1,500MW to help bridge the significant power supply gap in the state.
Tatum Bank reports a N1.7bn profit before tax in its first eight months, closing the year with over N117bn in deposits. Read about their strong debut.
Investments in Nigeria's sugar industry could create thousands of jobs and enhance national security, according to the NSDC. This initiative is expected to significantly boost economic growth.
A recent survey by the CBN shows that 63.3% of Nigerians are in favor of reducing interest rates despite ongoing high inflation. This reflects public concern over the economic situation as the MPC meeting approaches.
Recent summits like the Africa CEO Forum and Africa Forward Summit focus on addressing Africa's economic development challenges. However, concerns remain about whether these discussions will lead to tangible progress or remain as mere rhetoric.
The Importers Association of Nigeria, IMAN, South-West Zone, has warned that the planned increase in shipping charges by shipping companies would worsen inflation and further raise the cost of goods across the country. The post Planned shipping charge hike will worsen inflation ?...
The Presidency, through the Budget Office of the Federation Sunday, said it has acknowledged public concerns about the timing of publication for the recent Quarterly Budget Implementation Reports and therefore offers clarification within the constitutional and statutory framewor...