Nigeria will need 15 years to transform economy – World Bank VP
The World Bank says that Nigeria must sustain its current economic reforms over the next 10 to 15 years to position itself as a leading global economic power, not only in sub-Saharan Africa but worldwide.
Falana drags CBN to court over floating of Naira
Human rights lawyer Femi Falana said the Central Bank of Nigeria (CBN), has been dragged to court over the floating of Naira currency.
Cost of transportation increased by 98% in one month – NBS
The average cost of bus transportation in Nigerian cities has risen from N649.59 in May 2023 to N1,285.41 in June 2023 as a result of the hike in the pump price of Premium Motor Spirit rose.
Nigeria’s internet subscribers reduced by over 99,000 in one month – NCC
The Nigerian Communications Commission (NCC) internet subscribers in Nigeria decreased to 159.49 million in June 2023, down from 159.59 million in one month.
Comercio Partners urges caution, focus on sectors driving economy
Comercio Partners, an invest ment banking firm, has urged investors to adopt cautious approach and focus on sectors that drive the economy in the second half of the year, H2′ 23.
Inflation hits 18yr high at 22.4%, to surpass 23% this month
Investment analysts have predicted that headline inflation rate will rise above 23 percent on account of recent government policies including removal of fuel subsidy and naira depreciation in the forex market.
