Tinubu's Approval Rating Rises to 62% Despite Economic Turbulence   A new survey conducted by CMC Connect LLP and Analysts Data Services Resources has revealed that 62% Nigerians are upbeat about the capacity of President Bola Tinubu to lead the country to the Promised Land, regardless...

Floods Caused $7bn Economic Damage In 2022 – Shettima   The Federal Government has said the financial worth of direct economic damage in Nigeria caused by floods in 2022 is $7bn. On Tuesday, the government also said over 600 lives were lost as a result of the...

Banks’ Credit To Economy Rises By 11% To N84trn   Banks’ net domestic credit to the economy has hit N84 trillion representing an 11 percent Month-on-Month, MoM, rise fromN75.49 trillion in May. The breakdown, according to the Money and Credit Statistics of the Central Bank of Nigeria,...

We need Orderly Transition for Economy to Thrive, not ING - NOSACOF   The Non-State Actors Consultative Forum (NOSACOF) has described some of the actions of Peter Obi, the Labour Party (LP) Presidential candidate in the 2023 elections, and his supporters, as an invitation to anarchy. NOSACOF...

Report Reveals Economy Lost N20trn On CBN’s 70% Cash Mop-up   Nigeria’s economy is grinding to a halt and has lost about N20tn following the over 70 per cent mop-up of cash by the Federal Government through the Central Bank of Nigeria, a new report by...

Forex Inflows Into Nigeria’s Economy Drop By 40% To $26bn   Foreign exchange in flows into Nigeria’s economy fell year-on-year (YoY) by 40 percent to $26.32 billion in the first 11 months of 2022 (11m’22), from $44.01 billion in the corresponding period of 2021. Data from the...