Economic News

According to estimates from the Poverty Clock at the World Data Lab, about 90 million people, or roughly half of Nigeria's population, live in extreme poverty, Entrepreneur report. Around June 2018,...

According to the Nigerian Communications Commission, the telecommunications sector is still the driving force behind the Federal Government's digital economy, Entrepreneur report. Prof. Umar Danbatta, Executive Vice Chairman of the NCC,...

Bola Tinubu, the APC presidential candidate, has given the Central Bank of Nigeria advice on how to help Nigeria with the naira redesign program as stated by Entrepreneurng report. In...

The Central Bank of Nigeria's (CBN) policy decision on October 26, 2022, to redesign the N200, N500, and N1,000 denominations, as well as the following announcements, including the cash withdrawal...

According to new data from the Nigeria Inter-Bank Settlement System (NIBSS), total cashless transactions in Nigeria increased by 45.41 percent year on year in January 2023 to N39.58 trillion. The...

A significant international conflict broke out just as the economy started to stabilize and supply chain problems started to fade. Some of the biggest inflation rates in history were brought...

The United Nations (UN) has predicted that the Nigerian economy will expand by 3% in 2023. High inflation and problems with the electricity supply, according to the UN's 2023 World...

Due to a paucity of new naira notes, several business deals have been cut short due to insufficient cash. A considerable number of people who flocked to banks to cash...

After receiving a direction to begin over-the-counter payment from their regulator, the Central Bank of Nigeria (CBN), Nigerian banks are adamant that there is no cash available to pay consumers....

Stakeholders are concerned about a few issues that could influence the elections in February or March as the buildup to the seventh general election since Nigeria's restoration to democracy in...