
New data has shown that the United States of America has slashed its imports from Nigeria, plunging by 41% in one month, as tensions escalate over tariffs.
New data has shown that the United States of America has slashed its imports from Nigeria, plunging by 41% in one month, as tensions escalate over tariffs.
Former boss of the National Bureau of Statistics who is now the chief economist of KPMG has provided insight into Nigeria's growing debt problem and what to do.
Low cash deposits by bank customers is a major threat to liquidity in the system and may restrict lending, investment and money supply in the banking system.
Lagos, Ogun, Imo, Akwa Ibom and Delta states are Nigeria's most indebted states while Jigawa, Nasarawa, Kebi and Katsina states are the least indebted states.
Debt Management Office has announced that Nigeria's public debt for states and the federal government has increased to a whopping N46.2 trillion in one year.
There have a huge reduction in transaction charges by Point of Sale (PoS) operators in Nigeria as the Central Bank of Nigeria promises to flood banks with cash.
A video showing Nigerians performing farewell rights for PoS operators has caused a stir on social media as they witness the availability of cash in Nigeria
The Federal Government of Nigeria will be seeking another loan after its earlier request was rejected by China Bank, citing the country's inability to repay.
The Central Bank of Nigeria is pushing for widespread adoption of the eNaira as an alternative means of transactions amid the cash scarcity across Nigeria.
Nigerian student population in UK varsities has reached a record-breaking level, according to official data from the Higher Education Statistics Agency (HESA).
Economy
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