Friday, June 19, 2026
IMF lowers Nigeria’s 2024 economic outlook to 3.1% amid weak Q1 performance
The International Monetary Fund (IMF) has revised its previous prediction for Nigeria's economic growth in 2024, lowering the forecast from...
Read moreDetailsNigeria’s economic hardship worsens as inflation soars to 34.19% in June
Onome Amuge Nigeria’s headline inflation rate continued its upward trend for the 18th consecutive month in June 2024, climbing to...
Read moreDetailsCorruption persists in Nigeria as public officials receive N721bn in bribes-Report
Business a.m. A recent anti-corruption survey conducted by the National Bureau of Statistics (NBS) and the United Nations Office on...
Read moreDetailsPrice pressure takes toll on Nigerian private sector as PMI slips to 7-month low
Business a.m. The Stanbic IBTC Purchasing Managers Index (PMI) plunged to a seven-month low in June, indicating a slowdown in...
Read moreDetailsNigerians seek refuge in personal loans as inflation nightmares linger
CYNTHIA EZEKWE IN LAGOS As the cost of living continues to soar, an increasing number of Nigerians are seeking out...
Read moreDetailsNigeria welcomes $24 billion in FX inflows in Q1’24-CBN
Business a.m. Nigeria's economic inflows from foreign sources soared to $24 billion during the first quarter of 2024, according to...
Read moreDetailsNigerian households borrow more as personal loans jump 14.3% amid stinging inflation
Business a.m. Recent data from the Central Bank of Nigeria (CBN) has revealed that everyday Nigerians are turning to credit...
Read moreDetailsNigeria’s debt jumps 25% to N121.67 trn in Q1’24-DMO
Nigeria’s total public debt rose to N121.67 trillion or about $91.46 billion, increasing by N24.33 trillion or 24.99 percent in...
Read moreDetailsSoaring inflation makes mincemeat of Tinubu’s shaky economic agenda
May CPI pile more misery on household Millions more hit multidimensional poverty hole ONOME AMUGE IN LAGOS, NIGERIA Nigeria’s economy...
Read moreDetailsOrganised Labour suspends strike, gives FG 5 days to resolve minimum wage issue
Business a.m. The Organised Labour, comprising the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC), have agreed to suspend...
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