Babajide Komolafe
Economy Editor at Vanguard
I am a Journalist and Minister of the Gospel of our Lord Jesus Christ
Articles
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2 weeks ago |
nigeriaworld.com | Babajide Komolafe
Banks’ lending to the manufacturing sector fell by 26 per cent, year-on-year, YoY to N8 trillion in February from N10.9 trillion in the same period of last year. The Central Bank of Nigeria, CBN, disclosed this in its economic report for February 2025, which showed decline in banks’ lending to the manufacturing sector for two consecutive months.
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2 weeks ago |
nigeriaworld.com | Babajide Komolafe |Nkiru Nnorom |Dickson Omobola
• Passenger revenue declines in 2 consecutive years • Aviation experts cite Naira depreciation, inflation as major causes • Divided over outlook for 2025 Against the backdrop of the spike in cost of living triggered by sharp depreciation of the Naira and severe inflationary pressures, Nigerians reduced spending on foreign air travel by 30 per cent to $2.66 billion in 2024.
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1 month ago |
nigeriaworld.com | Babajide Komolafe
• As price declines 6% to $78.9/b• Defies 23% rise in output Nigeria’s revenue from crude oil export fell by 17 per cent in the first two months of the year to $6.68 billion driven by lower price of the commodity.
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1 month ago |
nigeriaworld.com | Babajide Komolafe
At the backdrop of the rising food insecurity caused by intensified conflict and climate related shock on farming activities across the country, Nigeria’s food importation rose by 16 per cent, year-on-year, to $2.5 billion in 2024 from $2.13 billion in 2023. Meanwhile, the 2025 World Bank’s Food Security Update, one million additional Nigerians experienced acute food insecurity in 2024 due to intensified conflict and climate related shocks such as drought.
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1 month ago |
allafrica.com | Babajide Komolafe |Peter Egwuatu
In spite of mounting concerns over the huge level of the country's public debt, and the severe impact of rising cost of debt servicing on the economy, the Federal Government, FG, increased borrowing from domestic investors to N10.85 trillion in the first four months of the year. Nigeria's total public debt rose by 48.6 per cent to N144.66 trillion in 2024, from N97.34 trillion in 2023, with the Federal Government accounting for 95 per cent or N137.28 trillion.
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Happening now at Agege Motor road, Sule Street junction. @followlasg this won't happen if the traffic light is working or there is @followlastma official at the junction. https://t.co/SwYDRjPPFD
Japa: Seven things to know before moving to Europe — Advice from a Nigerian in Luxembourg https://t.co/six9b1DfO1
So FG is spending 131% of its revenue to service debt!! Nigeria’s debt heads for N180trn as Tinubu seeks N34trn new loans https://t.co/nMFF8tJJRu #subsidy #PBAT