CBN may not increase interest rates amid rising inflation: Capital Economics
Concerns about a weak economic recovery may keep the Central Bank of Nigeria from increasing interest rates amid rising inflation,
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Nigeria’s inflation jumps to 17.33%, highest in four years
The inflation rate in Nigeria surged to 17.33 percent in February, its highest level in four years, official figures showed
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Nigeria borrowed N5.52tn in 2020, debt now N32.92tn: DMO
Nigeria’s total public debt rose by N5.52 trillion last year amid the COVID-19 pandemic, official figures have shown. The country’s
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Nigeria’s unemployment rate rises to 33.3%
The unemployment rate in Nigeria, Africa’s biggest economy, rose to 33.3 percent in the fourth quarter of 2020 from 27.1
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Nigeria’s power generation slumps to 3,212MW, blackout worsens
Electricity supply in Nigeria, Africa’s biggest economy, worsened on Saturday as generation fell by 1,439.1 megawatts. Total generation in the
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Bitcoin rises above $60,000 for first time
Bitcoin, the most popular cryptocurrency, briefly crossed $60,000 on Saturday for the first time to hit a fresh high on
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Naira crashes to 485 against dollar
The Nigerian currency fell against the dollar on Friday at both the parallel market as well as the investors’ and
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Nigeria records biggest oil production increase in OPEC
Nigeria, Africa’s top oil producer, recorded the biggest increase in crude oil production last month in the Organisation of the
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Jaiz Bank posts 32.23% increase in annual profit
Jaiz Bank Plc, a non-interest financial institution in Nigeria, has reported a profit before tax of N2.79 billion for the
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Consultations on petrol price still ongoing, says PPPRA
The Petroleum Products Pricing Regulatory Agency has said the guiding prices of Premium Motor Spirit (petrol) it released do not
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