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Nigeria's Economy - Page 3

CBN Urges Fiscal Authority To Boost Efforts In Forex Earnings From Exports

The Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) has called on the fiscal authority to strengthen efforts towards enhancing foreign exchange earnings for the country, especially from oil and gas and non-oil exports. The committee made the call during the

May 21, 2025

Opinion

World Bank’s Call For NNPCL Audit Raises Questions On Nigeria’s Sovereignty

The World Bank’s recent call for a forensic audit of the Nigerian National Petroleum Company Limited (NNPCL) has sparked debate over the institution’s role in Nigeria’s economic affairs. While the Bank cites concerns over transparency and accountability, critics argue that its influence

May 20, 2025

Business·FEATURES·Finance & Economy

Inflation: Concerns About CBN’s Monetary Policy Impact As 91% Of Naira Outside Banks

As the Central Bank of Nigeria (CBN) holds its 300th Monetary Policy Committee (MPC) meeting on Monday, May 19 and Tuesday, 20 2025, to decide the next step in addressing the challenges in the economy from the monetary side, there are concerns

May 19, 2025

Finance & Economy·Opinion

CBN And The $1 Trillion Economy

The Central Bank of Nigeria (CBN) has keyed into the $1 trillion economy envisioned by President Bola Ahmed Tinubu by 2030. And the global management consulting firm, McKinsey and Co. is sanguine about the economy. McKinsey had projected that the economy would

May 15, 2025

Opinion

IMF Warning: What Nigeria Must Do To Take Control Of Its Economy

The International Monetary Fund (IMF) has warned Nigeria, stating that the country must remain vigilant amid mounting global trade tensions and tightening financial conditions. It was issued on April 22, 2025, during the Global Financial Stability Report press briefing at the IMF/World

May 8, 2025

Business

Nigeria First Policy: We Need Robust Investment In Critical Infrastructure Pillars – Bongo Adi

Mixed reactions have trailed the decision of Nigerian government to implement “Nigeria First” Policy, aimed at encouraging patronage of made-in-Nigeria goods. While some hailed the policy, others said Nigeria is not yet ripe for implementing it. Prime Business Africa reports that the

May 7, 2025

Business

Adesina Spoke Like Peter Obi, Onanuga Reacts Over Claims On GDP Per Capita

The Nigerian Presidency has countered a claim by president of the African Development Bank (AfDB), Dr Akinwumi Adesina on Nigeria’s Gross Domestic Product (GDP) per capita. Adesina reportedly said that Nigerians today are worse off than they were in 1960 in terms

May 5, 2025

Finance & Economy·News

World Bank Report: Experts, Groups Advise On How Nigeria Can Halt Increasing Poverty

Reactions have continued to trail the World Bank’s April 2025 report about Nigeria’s economy, especially on the poverty rate. Some groups and economic experts have called for urgent action to avoid an economic meltdown induced by worsening poverty. The World Bank released

April 28, 2025

FEATURES

How Rivers State Political Crisis Threatens Nigeria’s Economy

With the lingering crisis in Rivers State, a major oil-rich state in the Niger Delta, there are concerns that it poses a significant threat to Nigeria’s economy. The political crisis, which stemmed from a power struggle between the suspended Governor, Siminalayi Fubara

March 27, 2025

Why CBN Retained Bencmark Interest Rate At 27.5%

Finance & Economy

Why CBN Retained Benchmark Interest Rate At 27.5%

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the monetary policy rate (MPR), the benchmark interest rate in the country, at 27.50 percent. This was announced by the CBN Governor, Dr Olayemi Cardoso, at the end

February 21, 2025

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Nigeria's Economy - Page 3

CBN Urges Fiscal Authority To Boost Efforts In Forex Earnings From Exports

World Bank’s Call For NNPCL Audit Raises Questions On Nigeria’s Sovereignty

Inflation: Concerns About CBN’s Monetary Policy Impact As 91% Of Naira Outside Banks

CBN And The $1 Trillion Economy

IMF Warning: What Nigeria Must Do To Take Control Of Its Economy

Nigeria First Policy: We Need Robust Investment In Critical Infrastructure Pillars – Bongo Adi

Adesina Spoke Like Peter Obi, Onanuga Reacts Over Claims On GDP Per Capita

World Bank Report: Experts, Groups Advise On How Nigeria Can Halt Increasing Poverty

How Rivers State Political Crisis Threatens Nigeria’s Economy

Why CBN Retained Benchmark Interest Rate At 27.5%

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