Nigerians’ Purchasing Power Remains Weak Despite Banks Raising Savings Rates
Nigerians are expected to continue facing weak purchasing power despite commercial banks increasing savings interest rates following recent monetary policy ...
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Tag: #NigeriaEconomy
LCCI Urges Policy Measures to Sustain Nigeria’s Inflation Moderation
The Lagos Chamber of Commerce and Industry (LCCI) has called for deliberate policy actions to sustain the current moderation of ...
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FG Highlights Role of States in Public Spending, Urges Stronger Policy Coordination
The Federal Government of Nigeria has said that state governments account for approximately 48 per cent of total public expenditure ...
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Oil Marketers Struggle Amid Rising Petrol Prices as Middle East Conflict Drives Costs Up
Independent Petroleum Marketers Association of Nigeria has raised alarms over the financial strain caused by soaring petrol prices in Nigeria, ...
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NUPRC Enforces ‘Drill or Drop’ Rule to End Oil Block Hoarding
The Nigerian Upstream Petroleum Regulatory Commission(NUPRC) has declared an end to the long-standing practice of oil companies holding exploration licences ...
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Cash Outside Banks Drops by N197bn as Money Supply Declines in January
Cash held outside Nigeria’s banking system declined by N197.68bn in January 2026, even as overall liquidity in the economy weakened, ...
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Poverty Rate in Nigeria Rises to 63% After Petrol Subsidy Removal – Study
A new study has revealed that about 63 per cent of Nigerians fell below the poverty line following the removal ...
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Nigeria’s External Reserves Surpass $50bn, Highest in 13 Years – CBN
The Central Bank of Nigeria (CBN) has announced that the country’s gross external reserves have exceeded the $50bn mark, reaching ...
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Nigeria Spends $5.21bn on External Debt Servicing in 2025
Nigeria spent about $5.21bn servicing its external debt obligations in 2025, accounting for more than 72 per cent of the ...
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Wale Edun Says Nigerians Should Be Thankful for Local Refining Capacity Amid Rising Fuel Prices
Nigeria’s Minister of Finance, Wale Edun, has said the current increase in petrol prices reflects market realities, urging Nigerians to ...
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Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.