Economy

The World Bank lowered its annual global growth forecast for 2022 on Monday by nearly a full percentage point, down from 4.1% to 3.2%,...

The National Bureau of Statistics (NBS) has released the Consumer Price Index Report with the inflation index hitting a five-month high of 15.92 per...

Crude theft and sabotage have long been problems in Nigeria, but 2021 saw record levels of theft according to data from the Nigerian National...

The Central Bank of Nigeria, CBN and Infrastructure Corporation (InfraCo)  of Nigeria has concluded plans with four independent Asset managers on how to commence...

The gross margin of Nigerian companies will be squeezed by an unprecedented increase in input costs across the board led by global crude oil...

Nigeria’s debt to GDP ratio is expected to hit 30.50 percent at the end of 2025 from a current level of 19.10 percent if...

The recent financial sanctions imposed on Russia for its invasion of Ukraine are threatening to weaken the dominance of the U.S. petrodollar as the...

Nigeria’s largest companies are still stalling capital expenditure, with no incentives to invest in new plants in a country beset by foreign exchange crisis...

The Federal Government wants affected States to remove Right of Way barriers in order to fast-track the expansion and strengthening of the National power...

Central banks across the globe have waged war against soaring inflation. The Federal Reserve raised interest rates for the first time since 2018 last week,...