Our reporter/ Nigeria’s growth forecast has been reduced from 3.3 percent to 2.9 percent in 2023 and 3.1 in 2024 respectively, with negative effects of high inflation on consumption taking…
Read More IMF cut growth projection for Nigeria to 2.9%
Category: Economy
Report: FX backlog to affect Nigeria’s import, as suppliers may not accept letters of credit, PwC says
Nigeria will likely experience decline in imports over the inability of the Central Bank of Nigeria (CBN) to meet foreign exchange (FX) obligations, PwC Nigeria says in its bi-monthly economic…
Read More Report: FX backlog to affect Nigeria’s import, as suppliers may not accept letters of credit, PwC says
eNaira not a threat to financial stability – CBN
The Central Bank of Nigeria (CBN), on Monday assured Nigerians that its digital currency, eNaira posed no threat to financial stability. The Director, Corporate Communications Department of CBN, Dr Isa…
Read More eNaira not a threat to financial stability – CBN
Nigeria will become net exporter of petroleum products in 2024 – NNPC
Our reporter/ Nigeria will become a net exporter of petroleum products by next year, the group managing director of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari said on…
Read More Nigeria will become net exporter of petroleum products in 2024 – NNPC
Oil prices surge as Israel-Hamas war ignites supply fears
Oil prices has surged after a shock attack on Israel by Hamas brought renewed instability to the Middle East. More than 1,100 people have died since the fighting between Israel…
Read More Oil prices surge as Israel-Hamas war ignites supply fears