Tag
NIGERIA
News and stories about Nigeria
The total landmass of corn fields in Nigeria shrank to the lowest in 14 years as insecurity and high input cost deter farmers from cultivating the crop.
Investment and Advisory firm, Comercio partners has stated that Nigerians should be cautions with the rising GDP growth rate stating that economic expansion may not translate to improved standard of living for Nigerians.
Ghana has followed Nigeria and other African nations in banning the export of certain grains, including rice, corn, and soy, in an effort to prevent a drought-induced food shortage in the country.
The Minister of State for Agriculture and Food Security, Sen. Abdullahi Sabi Aliyu has stated that up to 51% of farming areas in Nigeria are liable to flooding in 2024.
Nigeria’s crude oil production in the month of July rose to 1.307 million barrels of crude oil daily according to the monthly oil market report of the Organisation of Petroleum Exporting Countries (OPEC).
The "Giant of Africa" Nigeria, ranked 9th among top African investment destinations, with Seychelles and Mauritius topping the list.
The African Development Bank Group (AfDB) has approved a loan of $500 million to the Federal Republic of Nigeria.
Nigeria’s average daily crude oil production in the month of June rose marginally to 1.276 million barrels.
In 2023, the top ten recipient countries of remittances in Africa received $72.5 billion.
Several African nations have received a cumulative total of $4.08 billion from The Global Fund in a substantial boost to the continent’s healthcare systems in the first half of 2024.
Global Ratings agency, Moody’s Investors Service has kept Nigeria’s long-term foreign currency and local currency issuer ratings unchanged at Caa1 while maintaining a positive outlook same as its last review in December 2023.
The cost of living is a critical factor for expats when choosing a city to relocate to, affecting their quality of life and financial stability.