adminNigeria’s GDP Grew By 3.46% In Q3 2024, Says NBS
Nigeria’s Gross Domestic Product (GDP) has grown by 3.46 per cent in real terms in the third quarter (Q3) of 2024 on a year-on-year basis. This is according to a…
Two-thirds of households lack money for healthy food — NBS survey
In an apparent reflection of the multidimensional poverty in the country and the impact of continuous reduction in the purchasing power of Nigerians due to rising prices of goods and…
Senate approves Tinubu’s $2.2bn loan request
The Senate on Thursday approved President Bola Tinubu’s loan request of $2.2 billion to partially finance the ₦9.7 trillion budget deficit for the 2024 fiscal year. The approval followed the…
Report: Nigeria’s external debt may hit $45bn before January
Nigeria’s external debt may rise to $45.1bn by the end of 2024 as the Federal Government advances plans to secure additional external funding. The Debt Management Office revealed in its…
FG approves $2.2bn external borrowing
The Federal Executive Council on Thursday approved a $2.2bn external borrowing plan. This is part of the Federal Government’s external borrowing programme for the 2024 Appropriation Act, the Finance Minister,…
FG proposes N47.9trn as 2025 budget
The federal government has proposed N47.9 trillion as the total expenditure in the 2025 budget. Atiku Bagudu, the minister of budget and economic planning, told journalists on Thursday after the…
CBN: Nigeria spent $3.5bn to service foreign debt in nine months
The Central Bank of Nigeria (CBN,) said it spent $3.57 billion servicing the country’s foreign debt in the first nine months of 2024. According to data obtained from the Central…
Nigerians earning below N100k monthly rise by 42% – Report
Approximately 37 per cent of employed Nigerians are now earning less than N100,000 per month in 2024, representing a 42 per cent increase from the 26 per cent recorded last…
Global Food Prices Reach 18-Month High, Says FAO
Global food prices rose in October to their highest level in 18 months, with a sharp increase in the cost of vegetable oil, the Food and Agriculture Organization said on…
2025 hunger crisis to affect 133.5m Nigerians – Report
As food scarcity intensifies in Nigeria, the recently released Cadre Harmonisé report on food and nutrition insecurity indicates that 133.5 million Nigerians could be affected by a hunger crisis in…
Nigerians spend N10,239 monthly on cooking gas, says NBS
The National Bureau of Statistics (NBS) yesterday said Nigerians spend an average N10,239.7 on liquefied petroleum gas (LPG) cooking gas monthly. This was contained in its report titled: “Nigeria Residential…
World Bank: Nigeria lost N13trn to FX subsidy in 3 years
The World Bank says the federal government incurred a significant loss of N13.2 trillion in foregone revenue as a direct consequence of the implementation of its foreign exchange (FX) subsidy…
Nigerians Spent 24% More For Petrol In September
Despite the rising cost of living spreading like wildfire across the country, Nigerians paid 24 per cent more to purchase one litre of the Premium Motor Spirit (PMS) or petrol…
World Bank urges Nigerians to support Tinubu’s economic reforms
The World Bank has urged Nigerians to support the ongoing economic reforms, warning that opposing or reversing them could have serious negative consequences for the country. Speaking at the launch…
World Bank: Naira among worst performing currencies in Africa
The World Bank says the naira is among the worst-performing currencies in sub-Saharan Africa in 2024. In its regional economic outlook report ‘Africa’s Pulse,’ released recently, the World Bank said…
