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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Economics
World Bank sees Nigeria’s inflation hitting 25% on subsidy removal
The World Bank has said the inflation rate in Nigeria is expected to peak at 25 percent this year on
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Nigeria risks falling back into recession, Rewane warns
Africa’s biggest economy is at risk of falling back into recession after a slowdown in the first quarter of the
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Nigeria’s inflation seen hitting 30% on Tinubu’s reforms
The annual inflation rate in Nigeria is expected to surge to more than 30 percent in coming months following the
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Large naira devaluation, sharp rate hikes appear likely: Capital Economics
With the suspension of the Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, a large devaluation of the
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South Africa dodges recession as GDP grows 0.4%
South Africa, the most industrialised economy in Africa, skirted a technical recession as its GDP expanded by 0.4 percent in
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Subsidy removal: TUC demands N200,000 minimum wage, tax holiday, others
The Trade Union Congress of Nigeria has asked the Federal Government to increase the country’s minimum wage from N30,000 to
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Nigerian banks now require tax certificate to meet customers’ FX requests
Nigerian banks are now asking customers to submit tax clearance certificates to enable them to get access to foreign exchange.
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KPMG cuts Nigeria’s 2023 GDP growth forecast to 2.85%
KPMG, a professional services firm, said on Thursday that Nigeria’s economy will grow more slowly in 2023 than previously predicted.
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CBN delivers last rate hike under Buhari
The Central Bank of Nigeria has raised the monetary policy rate for the seventh straight time by 50 basis points,
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