Nigeria’s inflation drops 21 per cent
For the first time in 11 months, Nigeria’s inflation rate decreased to 21.34 percent. Prior to November 2022, when it hit 21.47…
Nigeria
Nigeria’s free trade zones attract $46.4bn investment
Nigeria’s free trade zones have attracted more than $46.6 billion in investment into the country’s economy. According to the News Agency…
Nigeria ranks 13th on GII’s most innovative economies
Nigeria fell behind the likes of Rwanda, Mauritius and Madagascar on the list of most innovative economies in Sub-Saharan Africa, according to…
Nigeria gained $2.6bn from non-oil export six months
The Chief Executive Officer, Nigerian Export Promotion Council, Dr. Ezra Yakusak, has announced that Nigeria’s non-oil export sector gained $2.6bn in the…
Why Ethiopia halted visa-on-arrival for Nigerians – FG
The Nigerian government said that Ethiopia stopped allowing Nigerians to enter under its “visa on arrival” policy because of security concerns, an…
Nigeria’s economy to decline 2023 – World Bank
World Bank has predicted a 3.3 per cent to 3.2 per cent drop in Nigeria’s economy in 2023, blaming the decline on…
Cashew processing: US, Nigeria partner, target 4,500 jobs
The United States Department of Agriculture on Monday disclosed its plans to partner with Nigeria in cashew processing, creating 4,500 jobs in…
Nigeria has low ability to attract investment- World Bank
The World Bank has revealed that Nigeria has a low ability to attract both domestic and foreign investment as the nation’s economic outlook…
Nigeria, Morocco commence 5,600km gas pipeline project
Nigeria and Morocco have formally commenced the construction of the long-awaited 5,600km Nigeria-Morocco Gas Pipeline project. A Memorandum of Understanding was signed…
FG spends N18.4bn on fuel subsidy daily – Minister
The Minister of Finance and National Planning, Zainab Ahmed, on Thursday, revealed that Federal Government spends N18.397 billion daily on payments of…
Nigeria to benefit from UK’s new trade scheme
The United Kingdom is set to introduce a new trading scheme that will benefit Nigeria, and other African countries amid the global…
Nigeria facing existential threats – World Bank
The World bank on Wednesday alerted the regime of the President, Major General Muhammadu Buhari(retd), that Nigeria might be facing an existential…