Nigerians Spend Most on Consumer Goods Amid Economic Downturn
New report reveals Nigerians' spending habits amidst economic crisis, with 83% spending on food and groceries, and only 1% on luxury items.
Economy
Nigeria's Savings Priorities Shift as Economic Pressures Mount
Japa no longer top savings goal in Nigeria, economic pressures squeeze disposable incomes, and savings rates decline.
Nigerians Save Less Amid Economic Downturn, Fintech Report Reveals
PiggyVest report shows 7% decline in Nigerians saving in 2024, with top savings goals including emergency funds and business growth.
Africa's Cheapest Fuel: Top 10 Countries in November
Discover the top 10 African countries with the lowest fuel prices in November, boosting economies and industries alike.
Nigeria's Central Bank Raises Interest Rate to 27.5% to Combat Inflation
Nigeria's Central Bank increases benchmark interest rate by 25 basis points to 27.5% to address rising inflation, with implications for banks and the economy.
Nigeria's Central Bank Raises Interest Rate to 27.5% to Combat Inflation
Nigeria's monetary policy committee increases benchmark interest rate by 25 basis points to address rising inflation, with implications for banks and the economy.
Nigeria's Debt Crisis: USD Value Drops Slightly, Naira Debt Skyrockets
Nigeria's public debt increases to N134.30 trillion, with a significant jump in Naira debt, despite a slight drop in USD value, amidst economic downturn and currency devaluation.
Zimbabwe to Pay $331 Million to White Ex-Farmers in Effort to Ease Debt Crisis
Zimbabwe plans to pay $331 million to white farmers whose land was taken back in 2000, in a bid to restructure its massive debt and rejoin international markets.
IMF Raises Red Flag on Kenya's $1.5 Billion Loan from UAE, Citing Debt Distress Risks
The International Monetary Fund warns Kenya against taking a $1.5 billion loan from the UAE, citing foreign exchange risks and debt distress concerns, as the East African country's debt to the IMF grows.
