Economy After MMM, others, Nigerians fall again for crashed Cbex April 15, 2025 Helen Okechukwu Following the fall of MMM in December 2016 after it was introduced in Nigeria in 2015, among other Ponzi schemes, Nigerians have again fallen for another allegedly fraudulent scheme known…
Economy Nigeria inflation rises to 24.23% in March – NBS April 15, 2025 Damilola The National Bureau of Statistics on Tuesday announced Nigeria’s headline inflation rate edged up to 24.23 per cent in March 2025 while stating the increase in its consumer price index…
Economy OPEC lowers 2025 oil demand forecast amid economic uncertainty, trade tariffs April 15, 2025 Damilola The Organisation of the Petroleum Exporting Countries (OPEC) on Monday marginally lowered its forecast for oil demand growth in 2025, citing the negative impact of U.S. trade tariffs on the…
Economy GenCos warn of nationwide power shutdown over N4trn FG debt April 15, 2025 Damilola Nigeria’s power generation companies (GenCos) have sounded the alarm over a looming shutdown of power plants across the country, citing a staggering N4 trillion debt owed by the Federal Government…
Economy Nigeria’s oil reserves dip, gas hits 210.54 TCF — NUPRC April 12, 2025 Damilola The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has disclosed that the nation’s oil and condensate reserves stood at 37.28 billion barrels as of January 1, 2025—a marginal decline of about…
Economy Nigeria’s remittance inflows rise to $20.93bn in 2024, CBN reports surplus of $6.83bn April 9, 2025 New Daily Prime The Central Bank of Nigeria (CBN) has announced a significant increase in personal remittance inflows, which rose to $20.93 billion in 2024, reflecting an 8.9 per cent year-on-year growth. This…
Economy Nigeria’s external debt servicing hits $1.08bn in Q4 2024 April 8, 2025 Damilola Nigeria’s external debt servicing surged to $1.08 billion in the final quarter of 2024, a sharp rise that underscores mounting concerns about the country’s debt sustainability and foreign exchange pressures.…
Economy Resign as petroleum minister, Kila tells Tinubu April 8, 2025 Damilola Renowned political economist and Commonwealth Institute Director, Prof. Anthony Kila, has urged President Bola Tinubu to resign as Minister and take further action beyond simply changing the management and board…
Economy Naira under pressure amid tariffs, oil slump, soaring FX demand April 8, 2025 Damilola The Nigerian naira continued its downward slide in March, depreciating by 2.4% at the Nigerian Autonomous Foreign Exchange Market (NAFEM) and 2.6% at the parallel market, as mounting demand pressures…
Economy Nigeria’s AutoCNG initiative secures over $491 million investments April 7, 2025 New Daily Prime The Presidency announced on Monday that the Automobile Compressed Natural Gas (AutoCNG) initiative has secured over $491 million in investments over the past year. The announcement was made by Michael…
