Economy

NIGERIA’s external debt is the largest amongst all sub-Saharan African nations, despite the fact that it received debt waivers from the Paris Club, London Club or from Independent Creditors. The arrears of this debt have accumulated…
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The World Bank has approved $1.57 billion for three new projects in Nigeria, aimed at helping the country address governance challenges in the education and healthcare sectors. Others are improving primary healthcare services as…
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Africa is home to a variety of strong currencies, each with unique historical and economic backgrounds that contribute to their strength on the global stage. Despite various economic challenges, certain African currencies have…
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The Nigeria Labour Congress (NLC) has issued a directive to all civil servants in Akwa Ibom State to commence an indefinite strike action, effective Thursday, September 26, 2024.Reports say that the decision was reached in response to…
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Uber, Bolt drivers resort to offline negotiation | We now operate on a tighter budget – salary earners, artisans | Financial experts share survival strategies In Nigeria, where resilience is a way of life, the economic storm is…
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Commission Chief Executive, NUPRC, Gbenga Komolafe, the Executive Chairman, Zach Adedeji and the CG Customs, BA Adeniyi A report released by the Nigerian Extractive Transparency Initiative (NEITI) has revealed that the Federal Accounts…
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The latest foreign trade data show that Nigeria recorded a trade balance of N6.52 trillion in the second quarter of this year, according to the National Bureau of Statistics (NBS). Expectedly, President Bola Tinubu seized on the figure…
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Nigeria is cuddling up to two key points to deliver gas to countries in Europe as the country advances towards export of gas under its gas export target. The first route is through Algeria, and this is a very likely route as the…
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Nigeria’s external reserves, which represent the country’s stock of foreign currency, have reached a 22-month high of $37.39 billion as of September 19, 2024. Data from the Central Bank of Nigeria (CBN) revealed that as of September…
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President Bola Tinubu has called on Nigerians to remain patient despite the high cost of living, stating that the country can no longer expect “a free bowl” without addressing its economic challenges. The President made this remark…
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