Nigerian inflation accelerated to the highest rate in almost 11 years in June, complicating the task of the central bank in an economy which is at risk of contracting this year. The inflation rate in Africa’s largest economy increased to 16...

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We welcome all independent professionals and agencies to join the Wok Economy, whether you are a web designer from Serbia, or a writer from Lagos or architect from Calabar, depending on your business needs, we invite you to register and wor...

LAUNCH OF NIGERIA’S BEST MICRO-JOBS WEBSITE A platform for Nigerians to work from home or office. March 7, 2016– The slowing down of the Nigerian economy and massive job cuts has caused us as Nigerians to have a rethink. What if we us...

The naira, yesterday, depreciated further to N385 per dollar in the parallel market as demand for foreign exchange intensified. This implies the naira has depreciated by N60 against the dollar this week in the parallel market, when compared...

Unemployment Rate in Nigeria increased to 9.90 percent in the third quarter of 2015 from 8.20 percent in the second quarter of 2015. Unemployment Rate in Nigeria averaged 11.45 percent from 2006 until 2015, reaching an all time high of 23.9...

Inflation pressures are rising in Nigeria despite the central bank pegging the currency for almost a year in the face of plunging oil prices. Governor Godwin Emefiele has opposed devaluing the naira, imposing restrictions on imports and cur...

The Central Bank of Nigeria (CBN) might be compelled to devalue the naira if oil price declines further and stays below current levels for a protracted period of time, Guaranty Trust Bank said in a forecast. The apex bank has rebuffed local...