Nigerian Economy - Nigeria News Source

March 10, 2025

Catholic Bishops say Tinubu’s policies pushing millions into poverty

The Catholic Bishops’ Conference of Nigeria (CBCN) said on Sunday that the economic reforms of the President Bola Tinubu administration have triggered high inflation rate, reduced Nigerians’ purchasing power...

2024: A year of hunger, misery, and unrelenting hardship

December 24, 2024

Nigeria, drunk but still moving on

Have you ever seen a drunk man who, despite his hazy vision, tries to move by any means necessary? You notice how he dances from side to side, swaying...

Economic realities unchanged despite inflation rate change to 24.48% after rebasing

December 16, 2024

Nigeria’s inflation surges to 34.6% in November

by Oluwatunmise Omoseyin Nigeria’s headline inflation rose to 34.6 per cent in November 2024, up from 33.88 per cent recorded in October, according to the latest Consumer Price Index...

December 12, 2024

Nigeria to access $500m World Bank loan for HOPE Project

by Oluwatunmise Omoseyin Nigeria is set to access a $500 million loan facility from the World Bank to support the Human Capital Opportunities for Prosperity and Equity (HOPE) project....

December 9, 2024

Nigeria’s VAT revenue hits N1.78trn in Q3 2024

by Oluwatunmise Omoseyin Nigeria’s Value Added Tax (VAT) collection surged to N1.78 trillion in the third quarter of 2024, marking a substantial 88 per cent year-on-year increase compared to...

December 1, 2024

Nigeria: Parable of a brutish economy

Nigeria, one of Africa’s largest crude oil producers, grapples with a troubling paradox: soaring fuel prices and a meagre minimum wage. This contradiction underscores the harsh realities confronting millions...

November 10, 2024

Tinubu is a patriotic leader, Nigerians will thank him later

Nigeria should be an economic powerhouse not only in Africa but globally because of its enormous human and natural resources. Ironically, Nigeria is fighting for economic survival. This contrast...

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