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Dead Assets
Nigeria foot-drags to unlock N180trn assets as debt piles
Nigeria has accumulated a large stock of dead assets estimated at N180 trillion, yet the nation is foot-dragging to unlock them even as public debt piles up....
Economy
Multinationals exit Nigerian operations to limit FX exposure
Multinationals are exiting Nigerian operations on the back of dollar crunch and currency woes which have dampened their appetite to invest in Africa’s most populous nation....
Editor | Oct 04, 2024
Economy
Five charts debunking Tinubu’s $30bn FDI claim 
There’s no trace of the $30 billion Foreign Direct Investment that Nigerian President Bola Tinubu claimed the country has attracted in the last one year of his economic reforms. ...
Editor | Oct 02, 2024
Food Inflation
From tracks to tables: How railroads can reduce food prices in Nigeria
Rail transport accounts for less than half a percent of the transport sector’s contribution to Nigeria’s gross domestic product, according to the National Bureau of Statistics (NBS). ...
Editor | Oct 01, 2024
Economy
Nigerian leaders revel in squandermania as citizens sink
Sixty-four years after Independence, Nigerians are perplexed by the lavish lifestyles of the political elite in contrast to the daily struggles of the majority who eat from hand to mouth....
Editor | Oct 01, 2024
Economy
Learning from China and Vietnam: The limits of Nigeria’s currency devaluation
An industrial giant like China is highly strategic when it comes to macroeconomic decisions. China doesn’t follow trends or implement policies without assessing their long-term benefits....
Editor | Sep 30, 2024
Naira
Why CBN is losing battle to stabilise naira 
The Central Bank of Nigeria (CBN) appears to be losing the battle to stabilise the naira. The currency has remained just as volatile as ever, despite the apex bank’s efforts to find a lasting solution....
Editor | Sep 30, 2024
Economy
Cardoso lures foreign investors with historic OMO yields 
The Central Bank of Nigeria (CBN) on Thursday sold 364-day OMO bills — patronised by banks and offshore investors — at a yield of 32 percent, the highest since the apex bank began selling the bills. ...
Editor | Sep 26, 2024
Inflation
Flood of cash, drought of growth: The consequences of unbalanced money supply
Nigeria is learning the hard way that when money supply is not able to match economic growth, there are consequences. Nigeria experienced a dramatic increase in money supply through the Central Bank of Nigeria (CBN) between 2015 and 2023....
Editor | Sep 26, 2024
Interest Rate
Four economic implications of Nigeria’s latest interest rate hike 
The Central Bank of Nigeria (CBN) has again raised the benchmark interest rate by a half percentage point to 27.25 percent, marking the fifth consecutive rise despite slowing inflation....
Editor | Sep 25, 2024
Naira
Tumbling Naira Forces Surprise Rate Hike in Nigeria
The Central Bank of Nigeria (CBN) surprised the markets with its liquidity tightening on Tuesday, raising the monetary policy rate by 50 basis points (bps) and the cash reserve ratio by 200 bps....
Editor | Sep 25, 2024
Economy
Why Nigeria’s Economic Reform Plans Have Been All Bark No Bite
In Nigeria, the promise of economic reform has echoed through decades, from the Structural Adjustment Program (SAP) of the 1980s to the recent Renewed Hope Agenda. ...
Editor | Sep 24, 2024
Economy
Manufacturers Feel Pinch Of Rate Hike as Loan Repayments More Than Double
Some of Nigeria’s top manufacturers have spent about N1.94 trillion on repaying loan principals and interests. ...
Editor | Sep 23, 2024
Politics
APC’s Okpebholo declared winner of Edo disputed poll
.Worst election in history - Ighodalo  .CSOs raise concerns over transparency in collation ...
Editor | Sep 23, 2024
Manufacturing
GMO seeds fail to revive dying cotton industry
Cotton farmers in Africa’s most populous nation were excited in 2018 when genetically engineered cotton seeds were introduced for cultivation, raising hopes of bumper harvest and pest-free cotton regimes....
Editor | Sep 23, 2024
Food Inflation
MPC rate pause on the cards as DMO auctions N150bn FGN bonds
The Central Bank of Nigeria's monetary policy committee will meet on Monday and Tuesday in a highly anticipated deliberation that could hold benchmark interest rates steady for the first time after four consecutive hikes...
Editor | Sep 23, 2024
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