Adekunle Munir

Credit to the Nigerian government surged by over N11 trillion in August 2024, driven by rising interest rates, which have made government securities more appealing to investors. This development marks a significant shift in credit allocation, with government borrowing now accounting for nearly 30 per cent of the country's total net domestic credit.

The cost of a single in vitro fertilization (IVF) cycle in Nigeria has surged to approximately N2.1 million ($2,730), marking a 250 per cent increase compared to 2019, when prices ranged from N600,000 to N1.2 million.

However, excluding Sudan, the region's growth is expected to reach 3.5 per cent in 2024, driven primarily by increased private consumption and investment. The World Bank noted that as inflation eases, the purchasing power of households will improve, supporting a modest recovery in consumption.

Micro, Small, and Medium Enterprises (MSMEs) in Nigeria are struggling to survive under the weight of numerous taxes, levies, and fees imposed by federal, state, and local governments. NATIONAL ECONOMY findings reveal that these businesses face 39 different levies across the three tiers of government. At the federal level, the Federal Inland Revenue Service (FIRS) collects key taxes such as Company Income Tax, Value-Added Tax (VAT), Stamp Duties, Capital Gains Tax, Personal Income Tax, and Withholding Tax.

As the Nigerian government promotes the adoption of compressed natural gas (CNG) following the removal of petrol subsidies, public scepticism is mounting regarding its safety and availability. Vice President Kashim Shettima outlined this initiative during a recent

The board of directors of Noor Takaful Insurance Ltd., leading takaful operator in Nigeria, has announced a 123 per cent increase in profitability for the

Nigeria’s banking sector is under intense pressure after suffering an alarming loss of N59.33 billion to electronic fraud over the past five years, including

The Nigerian naira is facing intensified pressure as the U.S. dollar strengthens in anticipation of Donald Trump’s return to the U.S. presidency. On Friday,

Nigeria’s debt exposure to the International Development Association (IDA), a branch of the World Bank, reached $17.1 billion as of September 30, 2024,

E-commerce companies in Nigeria are grappling with rising operational difficulties following the removal of fuel subsidies, as a growing number of Nigerian