News
In support of supply-side policies, By Uddin Ifeanyi
2+ hour, 16+ min ago (773+ words) Premium Times Nigeria Even assessed against its own development programmes, the Nigerian government increasingly lacks the financial muscle to do what needs to be done. Is there, thus, a case to argue that as it is presently structured, the Nigerian…...
Why subsidy removal, FX reforms caused unavoidable economic shocks " Oyedele
21+ hour, 53+ min ago (416+ words) Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has said the economic volatility that followed the removal of petrol subsidy and reforms in the foreign…...
Cost of preparing a pot of Nigerian jollof up 19. 4% - Report
5+ day, 22+ hour ago (1039+ words) Jollof rice used to illustrate the story. The national average cost of preparing a pot of jollof rice in a Nigerian household rose from N25, 486 in October 2025 to N30, 435 in March 2026, a 19. 4 per cent increase according to a new survey. The rise…...
Nigeria's GDP grows by 3. 89% in Q1 2026 " NBS
6+ day, 19+ hour ago (21+ words) The latest GDP figures show the services sector remained the strongest driver of economic activity in the first quarter of 2026....
Tinubu's reforms reviving mining sector, attracting new investments - Minister
1+ week, 3+ day ago (348+ words) Minister of Solid Minerals Development, Dele Alake Minister of Solid Minerals Development, Dele Alake, says the economic reforms introduced by President Bola Tinubu are beginning to reposition the country's mining sector and attract new investments into mineral processing and local…...
CBN retains interest rate at 26. 5%
1+ week, 4+ day ago (407+ words) Central Bank of Nigeria (CBN) The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Wednesday retained the benchmark interest rate at 26. 5 per cent. CBN Governor Olayemi Cardoso announced the decision at the conclusion of the bank's…...
How economic reforms muted Middle East pressures, energy price surge in Nigeria - CBN
1+ week, 4+ day ago (384+ words) CBN Headquarters in Abuja The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, said the impact of the United States/Israel and Iran conflict on Nigeria's economy has been largely limited, attributing this to earlier economic reforms that…...
Nigeria's gross external reserve drops slightly to $49. 49 billion " CBN
1+ week, 4+ day ago (553+ words) The Central Bank of Nigeria (CBN) said Nigeria's gross external reserves stood at $49. 49 billion as of 15 May, providing an import cover of 9. 04 months for goods and services. CBN governor Olayemi Cardoso revealed the figure at the press briefing held after…...
The peculiar behaviour of inflation in Nigeria, By 'Tope Fasua
2+ week, 15+ hour ago (1348+ words) The peculiar behaviour of inflation in Nigeria, By "Tope Fasua Premium Times Nigeria Inflation " the rate of increase in the prices of goods and services over a given period of time " was famously described by President Ronald Reagan as "the…...
CPPE warns inflationary conditions remain severe for households, businesses
2+ week, 1+ day ago (436+ words) The Centre for the Promotion of Private Enterprise (CPPE) has warned that Nigeria's April inflation outlook points to a fragile disinflation process, noting that the conditions remain severe for households and businesses in the country. The think tank made this…...