ECONOMY

  Anambra joins Lagos, Kaduna, Ebonyi in top 5; Zamfara, Bayelsa and Benue lead from bottom   BudgIT, a prime civic-tech organization leading the advocacy for fiscal transparency and accountability in Nigeria, has launched the 2023 edition of its annual States of States report   themed Subnational Healthcare Delivery for Improved...

The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun announced at the Federal Executive Council (FEC) meeting on Monday that President Bola Tinubu's administration has secured $1.5bn zero-interest World Bank loan. The Minister disclosed this to State House Correspondents after the FEC meeting in Abuja on...

    The Federal Government has projected a sum of N26 trillion as the estimate for the 2024 appropriation budget, with the intention of submitting the proposal to the National Assembly before December 31, 2023. Business247 News reports that the Minister of Planning and Budget, Atiku Bagudu, disclosed this while...

  food inflation rate in September rose by 7.30% to 30.64 per cent The National Bureau of Statistics (NBS) said on Monday that Nigeria’s annual inflation rate rose to 26.72 per cent in September from 25.80 per cent in August, even as the statistics office said the September 2023 headline...

  Nigeria and other developing nations are amplifying their request for debt relief within the G-24, an assembly of developing economies. At the ongoing meeting of the International Monetary Fund (IMF) and World Bank in Marrakech, Morocco, the G-24, of which Nigeria is a member, presented a series of appeals....

  The Central Bank of Nigeria (CBN) has refuted reports by some media outlets claiming that the apex bank’s digital currency, eNaira, poses a threat to Nigeria’s financial stability. In a statement signed by the Director, Corporate Communications, Dr. Isa AbdulMumin, the CBN explained that the eNaira is undergoing modifications...

  The International Monetary Fund (IMF) said global headline inflation is expected to steadily decline from its peak of 8.7 per cent in 2022 (annual average) to 6.9 per cent in 2023 and that the Nigeria’s economic growth is projected to decline from 3.3 per cent in 2022 to 2.9...

  The Registrar of the Joint Admission and Matriculation Board (JAMB) Professor, Is-haq Olanrewaju Oloyede has advocated strong economic policies that will help accelerate development and sustainable growth. He also challenged the media to join hands in nation building by supporting ongoing efforts towards tackling the problem of insecurity, kidnapping...

  A professor of capital market, Uche Uwaleke, has disclosed how and when the ailing naira may bounce back to reduce the problem hyper-inflation confronting the nation. He made the disclosure in the paper he presented as the keynote speaker at the 7th annual conference of the Guild of Corporate...

  World Bank has projected that Nigeria’s economy will grow at 2.9 per cent in 2023 due to lower international prices and currency pressures affecting oil and non-oil activity. It added that Sub-Saharan Africa’s economic outlook remains bleak amid an elusive growth recovery, and warned that to avert a “Lost...