Trends that will Shape Nigeria's Economic Trajectory  Rising inflation, lower consumer purchasing power, global supply-chain bottlenecks, and forex shortages may continue to impact manufactured output in 2024. Professional services firm, PricewaterhouseCoopers (PwC Nigeria) made this projection in its latest Nigeria Economic Outlook, which highlights the seven...

House of Reps to Meet Finance MDAs Over Economy The House of Representatives is set to meet with financial Ministries, Departments and Agencies today (Tuesday) over the dwindling state of the nation's economy. The House had announced the commencement of the second edition of its sectoral...

Nigeria's Debt May Hit N107tn Nigeria’s total debt, Federal Government and states’ loans, may hit at least N107.38tn soon following the approval of fresh borrowings for the Federal Government and new securitisation of the Central Bank of Nigeria’s N7.3tn Ways and Means advances. This is as...

NNPCL will Resume Kolmani Oil Exploration Soon – Senator Buba The Senator representing Bauchi South, Shehu Umar Buba, has said that the Nigerian National Petroleum Company Limited (NNPCL) will resume oil exploration this month in the Kolmani oil field between Bauchi and Gombe states. Buba, who...

Amount Spent on Debt Servicing Injuring Economy – CISLAC Civil Society Legislative Advocacy Centre (CISLAC) and Tax Justice and Governance Platform have decried the amount spent on debt servicing in the country, citing it as responsible for current economic challenges. Addressing journalists in Abuja, Executive Director...

After National Grid Collapse, Power Generation Crashes to 59MW Power generation on the national grid crashed to 59.9 megawatts around 12pm on Sunday as the country’s grid witnessed a nationwide collapse. Data obtained from the Federal Ministry of Power showed that electricity generation on the grid...