Inflation will jump to 27.57% on naira, diesel: FDC
Nigeria’s headline inflation for September is projected to jump to 27.57 percent on the back of naira weakness and the
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Economics
Naira resumes fall as CBN leaves investors in wait-and-see mode
The Nigerian currency has resumed its decline against the dollar and other major currencies on the parallel market as investors
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Nigeria seen moving to reschedule debt, secure IMF support
With the Nigerian economy grappling with “excruciating debt service”, the country will make moves to reschedule its external debt and
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Moody’s downgrade puts Egypt on par with Nigeria
Moody’s Investors Service has cut the long-term foreign and local currency issuer ratings of the Government of Egypt to Caa1
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Strike averted as FG, labour reach 15 agreements
Arising from the withdrawal of subsidy on Premium Motor Spirit (PMS) by the Federal Government and the resultant increase in
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Price war with Dangote looms as BUA Cement announces 36% cut
BUA Cement announced a reduction of its ex-factory cement price to N3,500/bag effective October 2, 2023, down from N5,000-N5,500, raising
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Nigeria risks losing gains from Tinubu’s policy shift: Capital Economics
The gains from Nigeria’s recent policy shift after President Bola Tinubu took office risk evaporating, Capital Economics has said. The
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Research firm lists three African countries most likely to default on debts
Public debt risks will continue to be a key concern across Africa, with the threat of sovereign default highest in
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Doubts raised over Nigeria’s commitment to policy shift
The Nigerian government is failing to shrug off its interventionist tendencies, months after a shift to orthodox economic policy, London-based
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Nigeria’s gains from subsidy removal, FX reforms to top N21trn by 2025: World Bank
With the removal of the subsidy and the implementation of FX reforms, the government is projected to achieve estimated fiscal
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