'Rising Inflation May Halt Interest Rate Reduction'   Members of the Organised Private Sector have expressed fear that the recent uptick in Nigeria’s inflation rate risks shattering initial hopes of a reduced interest rate. According to the National Bureau of Statistics, the country’s headline inflation rose to...

Nigeria faces a multimillion-dollar hike in export tariffs to the U.S. In 2023, Nigeria’s total trade exports to the U.S. were valued at $5.82 billion.

Experts Reveal Factors Threatening SMEs’ Survival  Economic experts have raised the alarm that Nigeria’s forex policies and the weak naira are endangering the survival of Small and Medium Enterprises, posing a severe threat to the nation’s economic stability. According to them, Nigeria’s foreign exchange policies and...

Our Economy not Ready for Complete Deregulation – CPPE The Centre for the Promotion of Private Enterprise (CPPE) has said Nigeria’s economy is not yet ripe for full deregulation. The CPPE said this in a statement by its chief executive officer (CEO), Muda Yusuf, in reaction...

Manufactured Goods Imports Surge by 139% to N5.74trn The importation of manufactured goods into Nigeria surged astronomically by 139 per cent, year-on-year (YoY), to N5.4 trillion in the first quarter of 2024 (Q1’24) from N2.40 trillion in the corresponding period of 2023 (Q1’23). Stakeholders have attributed...

Report Reveals Real Estate Sector Paid N70bn VAT In Five Years   Value Added Tax (VAT) generated from the construction and real estate sector rose by 124 per cent from N10bn in 2018 to N22.45bn in 2022. An analysis of the National Bureau of Statistics’ quarterly VAT...