World Bank estimates cost of power shortages in Nigeria at $28bn, approves $750m power sector loan for Nigeria
Shubham Chaudhuri, World Bank country director for Nigeria (CREDITS: Nigerian Insiders) The World Bank has said the economic cost of ...
Thursday, June 25, 2026
Tag: Nigeria’s economy
How bribe taking highway law enforcement officers cause food costs to skyrocket
Responsible for cost-push inflation linked to food expenditure Bribe collections by the police and army officers on the road is ...
Inflation spikes by 12.40% as foods, transport, others cost more
By Omobayo Azeez Nigerians have spent more money in May to access foods and other basic consumption categories they need ...
Foreign reserves begin free fall again as IMF loan effect wears off
The effect of the $3.4 billion loan granted Nigeria by the IMF on the stability of the nation's foreign reserves ...
Buhari to delay financial autonomy for states’ legislature, judiciary
President Muhammadu Buhari has succumbed to pressure from governors of the 36 states of the federation to slow down the ...
Fitch Ratings forecasts 1.5% current account deficit for Nigeria
As crude oil prices at the international market continue to surge on gradual reopening of economies globally and increasing compliance ...
Make the Naira Great Again: The Naira as the West African Intra-Regional Reserve Currency
AS NIGERIA CONTINUES TO DEAL WITH THE economic shock of the global shutdown brought on by the pandemic, the inherent weakness of Nigeria’s reliance ...
Excitement rules Cross River over N18.39bn FG refunds, amid state’s financial strain
Ben Eguzozie, in Port Harcourt Cross River people and their governor, Ben Ayade, appear quite excited over N18.39 billion approved ...
FG: COVID-19 has attacked all revenue sources
The federal government says the COVID-19 pandemic ravaging the globe has attacked all its revenue sources. Lai Mohammed, the minister ...
Senate queries CBN over $3.3bn unremitted foreign tax
The senate has queried the Central Bank of Nigeria over alleged unremitted $3.3bn from the $21.3bn collected by the Federal ...
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