Nigeria
What Trump’s second term means for Nigerians: Immigration, education, and remittances
Business & Economy
November 7, 2024
What Trump’s second term means for Nigerians: Immigration, education, and remittances
With Donald Trump securing a second term as president of the United States, leaders from Africa, including Nigeria’s President Bola…
Donald Trump presidency’s likely impact on Nigeria
Business & Economy
November 7, 2024
Donald Trump presidency’s likely impact on Nigeria
Donald Trump’s return to the White House sparked many reactions across the African continent, including in Nigeria. Nigeria’s President, Bola…
High interest rate, inflation to increase non-performing loans of Nigerian banks – Fitch report
Business & Economy
November 4, 2024
High interest rate, inflation to increase non-performing loans of Nigerian banks – Fitch report
Credit ratings agency, Fitch has projected that non-performing loans of Nigerian banks will increase in 2024 on the back of…
Food Insecurity: Number of hungry people in Nigeria to rise by 7million in 2025 – U.N
Business & Economy
November 2, 2024
Food Insecurity: Number of hungry people in Nigeria to rise by 7million in 2025 – U.N
The United Nations (U.N) projects an increase of 7 million hungry people in Nigeria by August 2025. Nigeria is confronting…
Nigeria, other oil-dependent economies in Sub-Saharan Africa growing slower than their counterparts – IMF
Business & Economy
October 26, 2024
Nigeria, other oil-dependent economies in Sub-Saharan Africa growing slower than their counterparts – IMF
The International Monetary Fund (IMF) says that oil-producing countries in Sub-Saharan Africa are growing at roughly half the pace of…
FG plans to progressively raise VAT rate to 15% – Report
Business & Economy
October 24, 2024
FG plans to progressively raise VAT rate to 15% – Report
The Federal government plans to steadily raise the rate for Value Added Tax (VAT) to 15% from the current 7.5%.…
Nigeria joins BRICS as partner country after getting $1.27 billion foreign capital this year
Business & Economy
October 24, 2024
Nigeria joins BRICS as partner country after getting $1.27 billion foreign capital this year
Nigeria has officially joined BRICS as a partner country, alongside 12 other nations, further strengthening its economic ties with the…
Nigeria ranked among 11 African countries with highest deterioration in governance since 2014 – Report
Business & Economy
October 23, 2024
Nigeria ranked among 11 African countries with highest deterioration in governance since 2014 – Report
Nigeria is now part of eleven African countries that have seen worsening governance levels in the last ten years dating…
IMF projects Nigeria’s economy to grow by 3.2% in 2025, inflation to drop to 25%
Business & Economy
October 22, 2024
IMF projects Nigeria’s economy to grow by 3.2% in 2025, inflation to drop to 25%
The International Monetary Fund (IMF) has projected Nigeria’s economy to expand by 3.2% in the coming year 2025 while inflation…
Flour Mills to invest $1 billion in Nigeria over four years to expand production facility
Business & Economy
October 17, 2024
Flour Mills to invest $1 billion in Nigeria over four years to expand production facility
Flour Mills of Nigeria Plc, the country’s largest milling company, has announced plans to invest up to $1 billion over…