The price of bread is expected to rise by 20% with the bakers divided on how to address the increase in price of raw materials occasioned...
The United States International Development Finance Corporation (DFC) and Access Bank Plc have signed an agreement on a $280 million support for Small and Medium Enterprises...
BudgIT, a civic-tech organisation, has expressed concerns over the poor fiscal performance of the federal government’s 2022 budget and the growing subsidy payments. BudgIT said this in...
Kingsley Moghalu, former member of African Democratic Congress (ADC), has said Nigeria is heading for an uncertain future as a result of its humongous debt. Moghalu’s...
The Federal Government on Thursday projected to spend N6.7 trillion on petrol subsidy payments in 2023. Subsidy or under-recovery is the underpriced sales of premium motor...
The Nigeria Inter-Bank Settlement System (NIBSS) has announced that commercial banks recorded 700,000 bank accounts linked with the Biometric Verification Number (BVN) in three months of...
The consumer price index (CPI), which measures the rate of change in prices of goods and services, surged to 18.60 percent in June 2022, up from...
Eight oil-producing states in Nigeria received N144.31 billion from the federation account in the first quarter of 2022. The amount is a statutory allocation of the...
The Debt Management Office (DMO) says Nigeria’s debt profile is prone to the volatility of oil prices and forex exchange risk. DMO said this in its...
The International Monetary Fund (IMF) has said inflation, debt, and forex crisis is pushing the Nigerian economy and other African economies to the brink. The Managing...