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.
African Economies to Breathe a Sigh of Relief: Top 10 Countries with Lowest Inflation Projections in 2025
Discover the top 10 African countries expected to experience the lowest inflation hikes in 2025, according to the International Monetary Fund's latest report, and what it means for their economies and citizens.
Africa's Debt Crisis: Top 10 Countries with Highest Debt-to-GDP Ratio in 2025
African countries struggle with rising debt profiles, with Sudan, Cape Verde, and Mozambique topping the list of nations with the highest debt-to-GDP ratios in 2025, sparking concerns about economic stability and growth potential.
Africa's Fuel Price Crisis: Top 10 Countries with Highest Fuel Prices in 2024
Discover the top 10 African countries with the highest fuel prices in 2024, and explore the factors driving these prices, from limited natural resources to government policies and refining capacity.
Africa's Largest Economies Grapple with Soaring Inflation Rates Amid Global Uncertainty
Top 10 largest economies in Africa struggle with rising costs of living, surging food and fuel prices, and depreciating currencies, highlighting the continent's unique challenges in the face of global inflationary trends.