Nigeria's inflation rate fell to 15.6% in January 2022, reversing an upward trend exhibited in December 2021 after it increased to 15.63%. The National Bureau of Statistics (NBS) released the consumer price index report. Compared to December, the headline index increased by 0.34% points to 1.47%...

IMF Attributes Nigeria’s Economic Recovery To Govt Policy   International Monetary Fund said that the Nigerian economy was recovering from a historic downturn benefitting from government policy support, rising oil prices and international financial assistance. IMF disclosed this in a statement issued from its headquarters in Washington...

Nigeria, Others Need $484bn For Economic Recovery – AfDB President   The President, African Development Bank, Dr Akinwumi Adesina, says Africa needs $484bn over the next three years to tackle the socioeconomic impact of the COVID-19 pandemic and boost economic recovery. Adesina said this on Saturday at...

'Nigeria To End 2022 With N12.6trn Deficit'   The Group Managing Director, Cowry Asset Management Limited, Mr. Johnson Chukwu has projected that Nigeria may end 2022 with N12.6trillion deficit He noted that with narrow expectation of revenue generation, the federal government’s projection of increasing revue in 2022...

'Nigeria Now Depends On IMF, W/Bank Loans To Pay Workers’ Salaries' ​A Professor of Virology and member of the World Health Organisation’s Technical Advisory Group on COVID-19 Vaccine Composition, Oyewale Tomori, has lamented the refusal of successive administrations in Nigeria to invest in science and...

Nigeria’s 8% Tax-to-GDP Ratio Lowest Globally – Osinbajo   The Vice President, Prof. Yemi Osinbajo, on Tuesday, declared that Nigeria’s eight per cent tax-to-GDP ratio was among the lowest globally and that efforts were on to increase this figure. He also stated that the Federal Inland Revenue...