Economy

The Labour Party (LP) president candidate Peter Obi has promised to adequately address Nigeria’s security and economic challenges if voted into office. Obi made this vow while addressing a gathering…

Head of the International Monetary Fund (IMF), Kristalina Georgieva, has said the world’s economy is in for a tougher year as it projects one-third of the globe sliding into recession.…

The Senate has urged the Central Bank of Nigeria (CBN) to extend its deadline for the phasing out of the old N1,000, N500 and N200 notes from January 31st to…

This was supposed to be the comeback year for the world economy following the Covid pandemic. Instead, 2022 was marked by a new war, record inflation and climate-linked disasters. It…

The World Bank has expressed concern over the economic impact of the recent naira redesign on Nigerian households and businesses. The newly designed N1,000, N500 and N200 notes were unveiled…

Nigeria’s inflation rate rose from 20.77% in September 2022 to 21.09% in October 2022 amid soaring food prices, the National Bureau of Statistics (NBS) has said. The Bureau also said…

Britain is expected to increase state pension and welfare payments in line with inflation in next week’s budget, the Times newspaper reported. British Prime Minister Rishi Sunak is expected to…

The Bank Customers Association of Nigeria, BCAN, has appealed to the Central Bank of Nigeria, CBN, to extend the deadline for returning of the old notes, as the nation gear…

As the dust raised by the plan of the Central Bank of Nigeria, CBN, to redesign the local currency begins to settle into the reality of managing the already concluded…

The Bank of England raised interest rates to 3 per cent on Thursday from 2.25 per cent, its biggest rate rise since 1989 as it warned of a “very challenging”…