Category: Nigeria
Why Nigeria’s economy is in such a mess
Nigeria Grapples with Severe Economic Crisis: Rising Prices and Hardship Plague Citizens Nigeria finds itself in the throes of its worst economic crisis in recent [more…]
Nigeria invites bids for 12 new oil blocks, promises fair process
Nigeria is inviting bids from international investors with financial and technical capacity for 12 onshore and deepwater oil blocks, its oil regulator said in a [more…]
Nigerian Gasoline Prices Soar as Shortages Worsen Cost of Living Crisis
By Samkele Mchunu Gasoline shortages persist in Nigeria’s major cities, exacerbating the country’s already dire cost-of-living crisis. Prices at retail outlets in Lagos and Abuja [more…]
Nigeria’s Central Bank Ends Distorted Foreign Exchange Rate, Receives Mixed Reactions
New Economic Measures Introduced by President Tinubu Spark Debate Among Nigerians In a significant move aimed at stabilizing Nigeria’s economy and attracting investors, the Central [more…]
Nigeria wants to borrow up to $2.25 billion from the World Bank.
Nigeria’s government released a statement after the IMF/World Bank spring meetings in Washington, D.C., stating that the country is requesting up to $2.25 billion in [more…]
Nigerians face rising food prices as the currency declines.
Due to a declining naira, inadequate domestic agricultural output, and an over reliance on pricey imported food, Nigerians are facing the greatest food inflation in [more…]
Countries that export gas will work together to combat demand volatility.
In the closing declaration of the 7th Gas Exporting Countries Forum (GECF) summit in Algeria, member nations agreed to cooperate on battling volatility in market [more…]
Kenya, Rwanda, Cameroon, and South Africa are welcome to Nigeria’s exports.
The main goal of the AfCFTA, which was founded in 2018 but started operating the next year, is to increase trade inside the African continent. [more…]
Rising aviation fuel price, forex scarcity blamed for airfares hike
The high cost of aviation fuel has been a major issue for airlines, constituting a substantial part of their operating costs. FUNMI FABUNMI writes about [more…]
No Study Field Should Be Off Limits To Women & Girls
This year, the day is celebrated under the theme ‘DigitALL: Innovation and Technology for Gender Equality’. In a statement released ahead of the day on [more…]