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NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable
NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable

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Revealed: 5 conditions accepted by Nigerian govt before taking $4.7bn Chinese loan

THE Nigerian government accepted some pre-conditions before taking Chinese loans estimated at nearly $4.7 billion loan as at June 30, 2023, Economy Post has found. Nigeria’s loans from China grew from $1.39 billion in June 2020 to $4.73 billion in the corresponding period of 2023, according to the Debt Management Office (DMO), representing a 240 […]

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Dec 02, 2023 post

Mr President, Nigerian economy must grow by 42% annually to hit $1trn in 2026

President Bola Tinubu wants to bolster the Nigerian economy from its present $441 billion to $1 trillion in 2026, but the economy must grow by 42.2 percent annually to achieve that. On Monday, October 23, 2023, Mr Tinubu, told a group of businesspeople during the Nigerian Economic Summit (NES) in Abuja that the country’s gross […]