Tag: Nigeria
South Africa to surpass Nigeria as Africa’s biggest economy
South Africa will briefly surpass Nigeria as Africa’s largest economy in 2024, according to reports from the IMF in its World Economic Outlook.
The IMF’s...
Nigeria needs to redefine fiscal responsibility for PAC to perform optimally-Amb...
CEO of Africa Development Study Centre, ADSC, Ambassador Victor Walsh Oluwafemi has said there's an urgent need to redefine fiscal responsibilities and oversight function...
Nigeria to benefit from US$500 million development plan
Nigeria is one of the countries to benefit from a Memorandum of Understanding (MoU) signed for the co-financing of up to US$500 million of...
Just in : Nigeria’s inflation soars to 26.72%
Nigeria’s inflation rose to 26.72%, a 0.92 %-point rise from the previous month’s 25.80%.
This was according to the recently released Consumer Price Index (CPI)...
Nigeria hits highest oil production in October 2023
Nigeria's oil production increased to 1.7 million barrels per day (bpd) in October 2023, the highest production record since January.
The oil output is 30.8...
Naira under pressure, Nigeria may seek dollar loan –IMF
The International Monetary Fund has said the naira is currently under pressure and Nigeria is free to seek loan from the Fund to stabilise...
Nigeria Records 170 new COVID-19 cases as Lagos, Kano, Ogun top...
Nigeria’s confirmed cases of covid-19 has risen to 2,558 as 170 new cases were recorded on Sunday.
According to Nigeria Centre for Disease Control, NCDC,...
BREAKING: Germany grants Nigeria N8.9bn debt relief
The Republic of Germany said it has granted Nigeria debt relief amounting to N8.9 billion (€22.4 million) on account of the coronavirus pandemic.
Also, the...
IMF approves $3.4bn emergency fund release to Nigeria
The Board of the International Monetary Fund, IMF, on Tuesday, approved $3.4 billion emergency support for Nigeria to address the severe impact of the...
COVID-19: Nigeria records 114 new cases…Lagos, Gombe return high tolls
Nigeria Friday night recorded 114 new confirmed cases of COVID-19.
With the new cases recorded in eight (8) states and FCT, Nigeria now has total...
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