Nigerian Economy Latest News Today

Nigeria’s budget, more like a spending manual, not a planning tool, BudgIT founder, Seun Onigbinde

BudgIT co-founder, Oluseun Onigbinde, has described Nigeria’s budget as a spending manual rather than a planning tool required for development in the country.

Data shows Federal Govt borrowed from Nigerians over N984 billion in four Months as debt stock hit 40trn

Bonds are debt securities/ liabilities of the Federal Government of Nigeria (FGN) issued by the debt office on behalf of the federal government for citizens.

Stanbic Bank CEO, Atedo Peterside, analyses Nigerian economy, says it is Rigged to favour selected Few

Investor confidence in the Nigerian economy is declining because there’s no level-playing field for the investors. The economy has been rigged to favour a few.

Electricity companies owe banks N861.14 billion as crisis in sector persists

Electricity operators in Nigeria are indebted to banks in Nigeria about N861.14 billion, representing an increase of 12.83 per cent as of December 2021 alone.

Nigerian banks with the highest number of staff as GT, Zenith others reportedly consider letting some go home

Commercial banks in Nigeria are changing their working hours across the country as a result of increased operating costs, and workers will soon be affected.

How Covid-19 has Affected Tourism - Dr Yasam Ayavefe

Tourism is one of the world’s major economic sectors and one of the sectors most affected by the Covid-19 pandemic. 10% of workers lost their jobs during covid.