Motorists and businesses across Nigeria are facing another increase in the cost of Premium Motor Spirit (PMS), commonly known as petrol, following fresh price adjustments by refiners, depot operators, marketers, and the Nigerian National Petroleum Company (NNPC) Limited. The latest increase has pushed petrol prices in several parts of the Federal Capital Territory (FCT) and […]
Former Minister of Sports, Solomon Dalung, has argued that President Bola Ahmed Tinubu’s administration could face significant political challenges ahead of Nigeria’s 2027 presidential election if worsening economic conditions and security concerns remain unresolved. Dalung, who served in the administration of the late former President Muhammadu Buhari, made the remarks in a statement shared on […]
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Central banks play a pivotal role in stabilizing a nation’s currency and economy through the implementation of monetary policies. However, their actions are often misunderstood, especially during times of economic challenges. According to PwC, it is crucial for central banks to communicate their objectives clearly and effectively to foster a proper understanding and positive public […]
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Emir of Kano, Muhammadu Sanusi II, has expressed concerns over the absence of credible individuals within President Bola Tinubu’s administration to effectively communicate its economic policies. At the 21st Memorial Lecture of Chief Gani Fawehinmi held in Lagos on Wednesday, the former governor of the Central Bank of Nigeria stated that the government lacks reliable […]
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Discover how the Naira’s continuous devaluation threatens Nigeria’s 2025 fiscal plan, with inflation, exchange rate fluctuations, and budgetary constraints creating significant challenges. Naira Depreciation Threatens Nigeria’s 2025 Fiscal Targets The sharp decline in the value of the Naira is setting up a challenging fiscal year for 2025, posing a significant threat to the Federal Government’s […]
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Nigeria needs a minimum of $50 billion in foreign direct investment (FDI) to curb inflation to 5% by 2025, according to Ayo Teriba, a renowned economist and CEO of Economic Associates, Lagos. In an interview on Arise TV, Teriba emphasized that increasing the nation’s net reserves would be essential for stabilizing the economy and moderating […]
