Business News Nigeria | Daily Updates | Nigerian News
Business news in Nigeria, Nigerian news today.Exclusive news & analysis Deep research and intelligence reports In-Depth Analysis.Newspaper...
Business News Nigeria | Daily Updates | Businessday.ng
Business news in Nigeria, Nigerian news today.Exclusive news & analysis Deep research and intelligence reports In-Depth Analysis.Newspaper...
Inflation surges to 34.80% ahead rebasing - Businessday NG
4 days ago · 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
2 days ago · Read also: Breaking the chains of the hike economy: Nigeria road to economic equity “Once you stabilise the economy beyond Foreign Portfolio Investment (FPI), you are going to begin to attract foreign direct investment which is a better indicator of the confidence in the economy because it signifies long term,” Oyedele said.
Naira fall takes $310bn toll on economy - Businessday NG
4 days ago · 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 ...
BusinessDay Pro - Tracking Trends, Informing Decisions
Economy. Nigeria gives small businesses lifeline with credit scheme. From the tech startups in Yaba to the artisan workshops in Aba, Nigerian President Bola Tinubu’s proposed the National Credit Guarantee System (NCGS) could prove a game changer for an economy whose engine is oiled by its small businesses....
Nigeria to burn $10bn subsidy savings on debt servicing
3 days ago · Nigeria will go full circle from borrowing to pay for petrol subsidies to using the savings from halting the costly practice to repay creditors in 2025. Nigeria expunged the petrol subsidy bill, which gulped over $10 billion annually at its peak from the federal budget in 2023, after President Bola ...
What to expect from Nigerian economy in next six months
Jul 23, 2024 · However, Meristem thinks that the FX stability will largely influence the direction of monetary policy rates. “We opine that the MPC cannot afford to implement a rate hike despite the expected decline in headline inflation (due to base effect) stating a 100bps cut in rate could result in as much as a 20-30 percent increase in the exchange …
About BusinessDay Nigeria - BusinessDay.ng
Nigeria’s premier private equity firm Capital Alliance took a forty per cent equity in BusinessDay Media Limited in 2002. This holding grew to about 60 per cent in 2004 when it formed Johnnic West Africa Limited with Johnnic Communications of South Africa, owners of Business Day SA.
Nigeria’s business activity drops to 8-months low on cost pressures
Aug 11, 2024 · “ Some companies lowered charges as part of efforts to attract customers. That said, companies remained confident overall that output will increase over the next 12 months, reflecting business expansion plans including efforts to start exporting and open more branches,” Muyiwa Oni, Head of Equity Research West Africa at Stanbic IBTC Bank.