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.
Africa's Rice Imports Reach Staggering $5.5 Billion Annually, Threatening Food Security
New report reveals top 10 African countries with highest rice imports, highlighting continent's reliance on imported rice and implications for food security and economic stability
Ghana Faces Possible Government Shutdown Amid Budget Crisis Ahead of Election
Ghana's parliament unlikely to approve provisional budget before December 7 election, raising concerns about potential government shutdown early next year.
Ghana's Economy Sees 6-Year High in GDP Growth Rate, Boosted by IMF Loan
Ghana's GDP growth rate hits a 6-year high, reaching 7.2% in Q3 2024, following a $3 billion IMF loan to help the country recover from economic crisis.
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.
