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Tuesday, September 21, 2021
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CATEGORY

Economy

Nigeria’s Inflation Eases for 4th Straight Month in July on Food Prices

Nigeria’s annual inflation dipped for the fourth straight month in July to 17.38% thanks to a slow-down in food price increases, the statistics office...

Manufacturers Pass on Rising Producer Prices as Profit Jumps 

Consumer and industrial goods companies are coming out of the woods as profitability jumped, thanks to an elevated inflationary environment that gave them the...

CBN Monetisation of Federal Government Budget Deficit Fueling Inflation

The net Central Bank of Nigeria (CBN) claims on the Federal Government (FG) grew by a whooping N2.8 trillion in 2020, equating to 1.8...

BPE Set To Sell 36 State – Owned Assets In 2021

 . . . As Fiscal Revenue Was 44.6 % Below Official Budget PredictionsThe Bureau of Public Enterprises (BPE), Nigeria’s privatisation agency, has disclosed its...

FG Appoints Eight Transaction Advisers for $6.2bn Eurobonds

Preparatory to the issuance of N2.343 trillion ($6.2 billion) Eurobonds in the International Capital Market (ICM) to partly finance its N5.2 trillion 2021 Budget...

Nigeria gets $3.38 bn from SDR Allocation to Shore up Reserves

Nigeria will receive $3.38 billion from the International Monetary Fund (IMF)’s Special Drawing Rights to help shore up external reserves and ensure foreign exchange...

Nigeria: Stagflation Will Continue Without Major Reforms – Tellimer

Over a year since our last comprehensive update on Nigeria’s economy, not much has changed. Stagflation is still the word of the day, with persistently...

When Central Bankers Become Worried

Central Bankers are often known to be calm and not rock the markets too much with statements that could be interpreted one way or...

Nigeria’s Active Labor Force Plunged by 20 million in Two Years – World Bank

The number of Nigerians active in the labour force plunged by 20 million between 2018 and 2020, the World Bank has said.The bank said...

Nigeria to Adopt Oil Benchmark Price of $57 Per Barrel in 2022

Nigerian Finance Minister Zainab Ahmed said on Wednesday that the government is assuming a crude oil benchmark price of $57 per barrel for the...

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