economy

Nigeria, Africa’s largest economy, is set to bounce back from the challenges posed by the COVID-19 pandemic and other shocks in 2024, according to the country’s Budget and Economic Planning …

Nigeria’s currency, the naira, has lost nearly 40 percent of its value against the US dollar in the past three months, sparking fears of more economic woes and job losses …

President Bola Tinubu has vowed to deal decisively with anyone working against the national agenda from within and without. He also warned the military and intelligence community against recurring incidents …

The Nigerian naira started the year 2024 on a dismal note, losing 8.23 percent of its value against the US dollar at the official market on Tuesday. According to data …

Nigeria’s President Bola Tinubu has signed the 2024 budget into law, amid rising inflation and public discontent. The budget, which was increased by N1.2tn by the National Assembly, allocates N344.85bn …

Nigeria, Africa’s largest economy, is facing a wave of exits by multinational companies that are struggling to cope with the country’s macroeconomic environment. The federal government says it is in …

A civic-tech organization, BudgIT, has raised the alarm over a huge mismatch in the proposed 2024 budget of Nigeria, which it says amounts to N3.42 trillion. The group claims that …

Nigeria is facing its worst cost of living crisis in two decades, as inflation and fuel subsidy removal have pushed up the prices of food and transport. Many families are …

Procter & Gamble (P&G), a multinational consumer goods company, has decided to end its operations in Nigeria after more than three decades, citing unfavorable macroeconomic conditions. The move could result …

Nigeria, Africa’s largest economy, is facing a severe shortage of foreign exchange due to its low export earnings, according to the country’s finance minister. Wale Edun said that the economy …