Inflation surges to 34.80% ahead rebasing - Businessday NG
2 天之前 · Consumer prices rose at a faster annual pace in December 2024 to 34.80 percent from 34.60 percent seen in November. This would be the last inflation figure calculated using the old methodology. In the new methodology, the proposed base year for inflation computation is 2024. The year was proposed to ...
Nigeria’s economic growth to remain stable in 2025, say experts
23 小时之前 · Experts in the country have projected Nigeria’s economic growth to remain stable in 2025, citing stable exchange rate and decelerating inflation. Speaking at the 2025 Lagos Chamber of Commerce and Industry (LCCI) Economic Review and Outlook Conference, Taiwo Oyedele, chairman presidential ...
Five traps Nigeria’s energy sector must avoid - Businessday NG
2 天之前 · Nigeria’s oil and gas sector is at a crossroads in 2025. As the country navigates global shifts in energy demand, domestic economic challenges, and rising geopolitical tensions, industry experts warn that avoiding certain ‘messy traps’ will be …
Naira fall takes $310bn toll on economy - Businessday NG
2 天之前 · Nigeria has lost $310 billion in its gross domestic product (GDP) in the last decade, driven by naira devaluation, low productivity and stagflation – a combination of high inflation, stagnant economic growth and elevated unemployment. The economy, which was once the largest in Africa following ...
Nigerian economy tipped to rebound in 2025 on sustained reforms
2025年1月9日 · The Nigerian economy will recover its decade-long lost gains if it could sustain reforms that became operational in 2023, experts have said.. These were the positions of economists and analysts who spoke at the First Bank economic outlook dubbed ‘Nigeria 2025: Path to Economic Rebound & Recovery’ on Wednesday in Lagos.
Top 10 most-read articles on BusinessDay in 2024
2025年1月7日 · BusinessDay published a range of articles that captured the interest of readers, reflecting significant developments in business, economics, and personal finance in 2024.. These articles not only provided insights into Nigeria’s economic landscape but also highlighted global trends and notable individuals.
Firms raise N2.68trn from debt securities in two years
2025年1月10日 · Over the past two years, Nigerian companies have turned to the debt securities market to raise an impressive N2.68 trillion through commercial papers and corporate bonds, according to findings by BusinessDay. In 2023 alone, businesses secured approximately N1.63 trillion, with N126 billion sourced ...
Naira stability, lower inflation to shape economy in 2025
2025年1月1日 · The Nigerian economy is projected to bounce back this year on the back of a likely lower inflation and exchange rate stability, buoyed by recent accretion of the foreign exchange reserves and the nation’s petrol refining renaissance, according to analysts polled by …
Nigeria’s business activity rises first time in six months
2025年1月2日 · Nigeria’s business activities witnessed a notable rebound in December, marking the first expansion in six months, as overall business conditions improved. The latest monthly PMI by Stanbic IBTC Bank released on Thursday showed the headline index increased to 52.7 in December from 49.6 in November ...
Inflation in Nigeria: A silent tax on a struggling nation
2024年12月31日 · Inflation is often described as the cruellest tax, which reduces buying power and puts millions of people in impoverished circumstances. For Nigeria, where inflation has soared to a 28-year high of 34.6 percent, this silent tax has become a beast. The federal government wants to bring down inflation ...