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Economy Insight

Read the latest news on the economy in Nigeria.

Nigeria is no longer Africa's largest oil producer. This is according to the Organization of the Petroleum Exporting Countries (OPEC), who disclosed this development in a report. In the report, the intergovernmental organisation established for oil-related purposes, revealed that Nigeria's oil production output dropped further last month (October 2021). Hence,...
Former Fidelity Bank Boss, Peter Obi has advised the Federal Government on ways to move the country out of economic recession. Obi dished out the advice via his Twitter page, where he stated that the President Muhammadu Buhari-led government needs to change the economy from a wasteful consumption-based to a...
The Central Bank of Nigeria (CBN) governor, Godwin Emefiele, said the intervention of the apex bank has led to a huge reduction in imported rice from Thailand. Emefiele made this known on Tuesday when he spoke at the unveiling of the FCT mega rice pyramids under the RIFAN-CBN Anchor Borrowers’...