Cartoon: When you see ‘shege’
Vanguard News
Cartoon: Wrong target, as inflation run away
Cartoon: Wrong target, as inflation run away
Economic Crisis: What Nigeria must do now — Paul Alaje
By Dickson Omobola Chief economist at SPM Professionals, Dr Paul Alaje, has urged the Federal Government to increase the manufacturing sector’s contribution to the gross domestic product, GDP, to 40 per cent, saying it is the best option to save Nigeria from the current economic crisis. Alaje said there were no immediate fixes to Nigeria’s […]
No respite for textile industry as domestic market shrinks further
The Nigerian textile industry has continued to struggle with available data showing that the sector’s contribution to the Gross Domestic Product (GDP) in steady decline over the past 5 years.
Nigeria’s net forex reserves rises 479% to $23bn — CBN
•Strongest in over 3 yrs By Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria (CBN) yesterday said that the nation’s Net Foreign Exchange Reserve (NFER) rose by 479 per cent to $23.11 billion in 2024 from $3.99 billion in 2023. The CBN disclosed this in a statement explaining that the increase reflected a substantial […]
FG’s deficit hits N12.95tr, exceeds budgeted target by 41%
•But revenue grew 34.8% to N8.6trn By Elizabeth Adegbesan The Federal Government (FG) recorded a N12.95 trillion budget deficit in 2024. This represents a 41 percent increase from its N9.16 trillion budgeted deficit for the review period. Details of data from the Central Bank of Nigeria, CBN, Quarterly Economic Reports for 2024 showed that the deficit […]
