Economy
IMF lowers Nigeria’s 2024 economic outlook to 3.1% amid weak Q1 performance
The International Monetary Fund (IMF) has revised its previous prediction for Nigeria's economic growth in 2024, lowering the forecast from…
Nigeria’s economic hardship worsens as inflation soars to 34.19% in June
Onome Amuge Nigeria’s headline inflation rate continued its upward trend for the 18th consecutive month in June 2024, climbing to…
Corruption persists in Nigeria as public officials receive N721bn in bribes-Report
Business a.m. A recent anti-corruption survey conducted by the National Bureau of Statistics (NBS) and the United Nations Office on…
Price pressure takes toll on Nigerian private sector as PMI slips to 7-month low
Business a.m. The Stanbic IBTC Purchasing Managers Index (PMI) plunged to a seven-month low in June, indicating a slowdown in…
Nigerians seek refuge in personal loans as inflation nightmares linger
CYNTHIA EZEKWE IN LAGOS As the cost of living continues to soar, an increasing number of Nigerians are seeking out…
Nigeria welcomes $24 billion in FX inflows in Q1’24-CBN
Business a.m. Nigeria's economic inflows from foreign sources soared to $24 billion during the first quarter of 2024, according to…
