Economy
News and analysis on the Nigerian economy
Japa: UK rents to rise faster than house prices
Great Britain is expected to witness a unique trend in its real estate market, with rental costs projected to surpass...
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Global rice prices surge to 15-year high – FAO Report
In a recent report, the Food and Agriculture Organization (FAO) revealed that global rice prices surged to a 15-year high...
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World food price index drops to a two-year low -FAO
The United Nations Food Agency's World Price Index hit a new two-year low in August, reversing the brief rebound from...
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Nigeria’s weak external reserves are a concern – Fitch Ratings
Nigeria’s weak external reserves, as disclosed by CBN’s recent data, are a concern as they highlight external risk and policy...
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IMF, World Bank commit to address debt vulnerabilities, climate change, digital transformation
The International Monetary Fund (IMF) and World Bank have restated their commitment to address issues relating to the vulnerability of...
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Nigeria’s trade exports to India decline by 61% in one year
The latest data from the National Bureau of Statistics (NBS) reveals that Nigeria's exports to India have plummeted by a...
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Naira falls at black market as dollar index hit 6 months high
The dollar steadied near six-month highs as lingering signs of inflation in the United States stoked lingering concerns about the...
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Revenue from rail transport increase by 69% in Q2 2023 – NBS
The revenue generated from rail transport in the second of 2023 increased from N768 million in the first quarter.
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3 sectors contribute 56.3% of FG taxes in H1 2023
Manufacturing, ICT and banking sectors led others as the top three sectors that accounted for 56.3% of the total tax...
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Nigeria’s VAT rises by 10% to N781bn Q2 2023 – NBS
In the second quarter of 2023, Nigeria's Value Added Tax (VAT) collections continued their upward trajectory, reaching a total of...
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