Economic News

Food prices, according to the latest report released by the National Bureau of Statistics (NBS), there has been a notable uptick in both headline inflation and food inflation rates in...

The Federal Government announced yesterday that it has issued a warrant for the arrest of Odoh Ocheme, a staff member of the Central Bank of Nigeria (CBN), along with two...

A Federal High Court in Lagos has directed the Federal Government to establish the prices of goods and petroleum products within seven days starting from today. Justice Ambrose Lewis-Allagoa issued...

The Minister of Environment, Balarabe Abbas Lawal, highlighted the crucial role of the National Biosafety Management Agency (NBMA) in the Federal Government's pursuit of food security. During a visit to...

UN health authorities have issued a sobering forecast regarding the trajectory of global cancer cases, projecting a substantial surge of approximately 77% by the year 2050. This alarming statistic, derived...

The European Union, aiming for strategic autonomy, plans to launch an independent naval operation to protect commercial shipping in the Red Sea. This move signals a shift away from relying...

As the cost of food items continues to climb, tomato traders in Badagry, Lagos State, voice concerns about diminishing profits. This reveals a significant surge in the price of tomatoes,...

Tensions are simmering at the Aswani Market within the Isolo Local Council Development Area, where a dispute has arisen between traders, shop owners, and the developer regarding the proposed renovation...

A report from Price Waters and Coopers (PwC) suggests that Nigeria may encounter difficulties in servicing its debt in 2024 due to the volatility in the foreign exchange market. The...

The World Bank has forecasted a 3.7% growth in Nigeria's Gross Domestic Product (GDP) in 2025. According to the report titled "Global Economic Prospect: Subdued Growth, Multiple Challenges," the projection...