For business and economic news from around the world
WorldStage Newsonline– Nigeria’s headline inflation rate increased to 21.82 per cent on a year-on-year basis in January 2023 from 21.34 per cent in December 2022, according to the National Bureau of Statistics (NBS) Consumer Price Index (CPI) and Inflation Report for January 2023 released in Abuja on Wednesday
Nigeria’s inflation rate hits 21.82% in January 2023 Read More
WorldStage newsonline– The National Economic Council (NEC) presided over by Vice President Yemi Osinbajo has endorsed the Nigeria Agenda 2050 designed to move Nigeria to upper middle-income country.
National Economic Council okays agenda to move Nigeria to high-income country Read More
The Economic Commission of West African States (ECOWAS), has identified national strategies to promote girls and women’s participation in the green economy.
ECOWAS identifies strategies to promote girls, women participation in green economy Read More
The Lagos State Government has said that 27.3% of its entire Y2023 Budget amounting to N482.86 Billion will be expended on providing modern infrastructure for the citizenry.
2023 Budget: Lagos allocates 27.3% for modern infrastructure Read More
WorldStage Newsonline– The Chief Executive Officer (CEO), Pension Funds Operators Association of Nigeria (PenOp), Mr Oguche Agudah has projected that most pension fund managers would invest heavily in infrastructure in 2023.
Nigeria: Pension Funds Operators target massive investment in infrastructure in 2023 Read More
WorldStage Newsonline– President Muhammadu Buhari has revealed that the digital economy sector has been most successful in the diversification of the nation’s economy, saving the Federal Government over N45.7 billion in IT projects clearance.
Nigeria: Buhari tags Digital Economy sector most successful, saving FG N45.7b Read More
WorldStage Newsonline– Moody’s Investors Service (Moody’s) has attributed the downgrade of Nigeria to Caa1 from B3, and change in the outlook to stable to the eventual downgrade of the long-term deposit ratings, issuer ratings as well as the senior unsecured debt ratings of all its rated banks in Nigeria to Caa1 from B3.
Moody’s explains downgrade of long-term deposit ratings of Nigerian banks Read More
The world economy would cope better than initially feared with the shocks from the war in Ukraine and high inflation, the International Monetary Fund (IMF) said as it upgraded its forecast.
IMF upgrades global economy growth 2.9% in 2023, its 3.8% for Sub-Saharan Africa Read More
WorldStage Newsonline– Nigeria’s public debt stock increased from N42.84 trillion (103.31 billion dollars) in the second quarter of 2022 to N44.06 trillion (101.91 billion dollars) in the third quarter of 2022.
Nigeria’s public debt stock increases to N44.06trn in Q3 2022 – NBS Read More WorldStage Newsonline–President Muhammadu Buhari on Sunday in Daura, Katsina State, approved a 10-day extension of the deadline for the swapping of currency to new notes.
Nigeria: Buhari approves 10-day extension of old Naira swap Read More