Economy

Nigeria’s headline inflation rose for the third straight month in March, largely driven by higher food and non-alcoholic beverages costs. According to data released by the National Bureau…

Nigerian banks are finding out the hard way that the grass is not always greener on the other side as the country’s biggest banks are incurring billion-naira impairment costs from their…

The average cost of preparing a pot of jollof rice for a Nigerian family of five has surged to the highest in almost seven years, according to a new Jollof Index report, reflecting the…

The slide in foreign direct investments to a record low has put the spotlight on the country’s tax expenditure schemes. Tax expenditure is the value forfeited from government revenue…

Nigeria spent nearly all the revenues it earned last year servicing its debts, the World Bank said in a new report. Debt service as a proportion of government income increased to 96% in…