Wednesday, July 9, 2025

ECONOMY

ECONOMYTOP STORY

PwC says Nigeria’s economic outlook remains uncertain despite CBN’s policies

  PwC, a professional tax and advisory firm, has said Nigeria’s economic outlook remains uncertain in spite of efforts made by the Central Bank of Nigeria (CBN) to ensure stability in the FX market to attract investors. It hinges its conclusion on  the rising inflationary trends and volatility in the...
ECONOMYTOP STORY

NASENI makes strategic investment in Powerstove to boost production, carbon credit initiatives

The National Agency for Science and Engineering Infrastructure (NASENI) has announced its first-ever investment in Powerstove, a pioneering Nigerian company specializing in the production of cookstoves, having significant experience in carbon credit projects. This strategic investment marks a major milestone in NASENI's on-going efforts to combat global warming and foster...
ECONOMYTOP STORY

 Is the economy beginning to turn?

Nigeria's economy has gone through very challenging times over the past year. Inflation reached 28.92% in December 2023, the highest in 27 years. Food inflation rose to 33.93% in December 2023. The naira depreciated significantly, losing 25% of value in a single day in June 2023 when the government removed...
ECONOMYTOP STORY

Customs collect N1.3tr in Q1 2024, says Adeniyi

  The Nigeria Customs Service (NCS) collected N1.3trillion in the first quarter of 2024 (Q1 2024), according to its Comptroller General, Adewale Adeniyi. He attributed the feat to the dedication of the officers and cooperation with stakeholders, besides the suppression of smuggling and accelerated trade facilitation. Addressing reporters in Abuja...
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