Economy

Central Bank of Nigeria’s Monetary Policy Committee has voted to increase the benchmark interest rate by 50 basis points to 18. percent. This was disclosed by the CBN Governor, Godwin…

African leaders have pledged to take immediate action to integrate the recommendations from the newly released Africa’s Macro-Economic Performance and Outlook report into their national development plans. Zambian President Hakainde…

Hungary’s economy entered recession in 2022 according to official data published Tuesday, as soaring energy prices drove inflation higher. Hungarian GDP shrank by 0.4 per cent in the last three…

Britain’s economy showed zero growth in the final three months of 2022 – enough for it to avoid entering a recession for now – but faces tough prospects in 2023…

President Muhammadu Buhari says the digital economy sector is the most successful in his administration’s diversification drive as it has saved the Federal Government over N45.7 billion in IT projects…

The Labour Party (LP) president candidate Peter Obi has promised to adequately address Nigeria’s security and economic challenges if voted into office. Obi made this vow while addressing a gathering…

Head of the International Monetary Fund (IMF), Kristalina Georgieva, has said the world’s economy is in for a tougher year as it projects one-third of the globe sliding into recession.…

The Senate has urged the Central Bank of Nigeria (CBN) to extend its deadline for the phasing out of the old N1,000, N500 and N200 notes from January 31st to…

This was supposed to be the comeback year for the world economy following the Covid pandemic. Instead, 2022 was marked by a new war, record inflation and climate-linked disasters. It…

The World Bank has expressed concern over the economic impact of the recent naira redesign on Nigerian households and businesses. The newly designed N1,000, N500 and N200 notes were unveiled…