Economy

Nigeria’s inflation rate soars for 8th consecutive month to 25.80% in August

By Onome Amuge. Nigeria’s inflation rate rose  for the eighth straight month in the year to 25.80 per cent in…

Nigeria’s total debt stock rises 75%, hits N87.38trn in Q2’23

Nigeria’s debt stock, comprising the domestic and external debt stocks of the federal government,sub-national governments and the Federal Capital Territory,…

CBN denies policy to crash exchange rate to N1.25 per dollar

The Central Bank of Nigeria (CBN) has debunked a report of planning a naira redenomination policy that would see the…

Banking activities plunge in Lagos,Abuja as NLC embarks on warning strike action

Business A.M Financial and industrial operations were on Tuesday, ground to a halt across many government and corporate organisations as…

CBN links naira crash to diaspora remittance diversion to black market

By Onome Amuge The Central Bank of Nigeria (CBN) has attributed the free fall of the naira against the dollar…

FG, Labour Union, set 8-week deadline to conclude subsidy dialogue

By Business A.M. The federal government has sealed an agreement with the Nigeria Labour Congress (NLC) and the Trade Union…