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NIGERIA

News and stories about Nigeria

President Donald Trump may consider his travel ban to Nigeria, Burma, Belarus, Eritrea,  Kyrgyzstan, Sudan and Tanzania. A source in the White House disclosed.
The World Bank has forecasted that Nigeria’s economy will further slowdown in 2020 with a growth of 2.1% amidst several policy uncertainties. On the other hand, the IMF disclosed that Nigeria’s economy will continue its sluggish trend. #IMF #WORLDBANK
Two fintech companies in Africa, MFS Africa and Frontclear, have secured $3.2 million worth of investments from FSD Africa Investments.
Growing a business or a career in an emerging economy like Nigeria can be quite tedious, a pilot, Arinze Odira, who is also an investor, said.
The Nigerian subsidiary of Samsung Heavy Industries has explained the reason the Asian company chose Nigeria as its first construction facility site.
Nigeria’s inflation rate rose year on year to 11.98% in December 2019. According to the NBS, the rise in the food index was caused by increases in prices of Bread and cereals, Oils and fats, Meat, Potatoes, Yam and other tubers, Fish and Vegetables
Yesterday, OPEC released its monthly oil market report for December which showed that Nigeria’s oil production dipped to a new low.
Nigeria has missed out on a list of 40 countries that improved regulatory environment for women’s economic participation over the past two years.
The Federal Government (FG) has reemphasised its plan to strengthen economic relations with the Turkish government to boost trade and investment.
State governors in Nigeria shared the sum of N2.53 trillion gross allocation in 2019 (January – November).
Nigeria earns 80% of her Foreign Exchange earnings from one commodity, crude oil, with a significant budget deficit of over 2 trillion.
The decision of the AGF and Minister of Justice to drop its $2 billion tax claim against MTN Nigeria has affected the company’s shares.