FX crisis
19 Apr
Car financing and car loans have increased among Nigerians since 2015 as the price of cars tripled within 10 years.
3 Apr
Last month’s purchasing manager index (PMI) showed no changes in business confidence, stagnating at 51 points at the end of the end of last month, the joint-lowest in the last four months.
26 Feb
Nigeria would need to achieve accelerated growth and a firmer currency to regain and maintain a spot among the top three biggest economies in Africa.
10 Jan
Experts said the country would, in 2024, bounce back if the government is willing to fix the foreign exchange (FX) crisis and stabilise the economy.
8 Jan
Nigerian economy may have been, excruciatingly, ensnared in a doom loop with entrenched runaway inflation, troubled currency market, upsetting deficit funding crisis, persistent pressure on local businesses and similar warning indicators...
20 Dec
Stockbrokers have warned that the country may witness mass delisting of manufacturing firms from the stock market and outright exit from the market if urgent steps are not taken to stabilise the foreign exchange (FX) market.
27 Oct 2023
There are concerns over the current state of the downstream sector, as operators confirm that the ongoing foreign exchange crisis and difficulties within the local distribution channel are causing a surge in the cost of Premium Motor Spirit (PMS), commonly known as petrol . Managing Director of Rainoil Logistics, Jude Nwaulune, disclosed that the estimated…
24 Oct 2023
In what looked like unveiling President Bola Tinubu’s government economic blueprint, the Federal Government said it is working to push Nigeria into a $1 trillion-economy in three years, precisely 2026
23 Oct 2023
Inflation rate is projected to increase by 83 basis points (bps) year-on-year (y/y) to 27.54 in October.
4 Oct 2023
In the last few weeks, the cost of diesel has shot up significantly, complicating the already high operating cost of manufacturing and leaving industrialists in panic. With naira also losing its value by the day while electricity supply remains unstable, there is fear that manufacturing companies will continue to close shops in the coming months…