Tag
NIGERIA
News and stories about Nigeria
These areas are responsible for 94% of the Nigeria’s production of cocoa, a key ingredient in chocolate.
South African Health Products Regulatory Authority has announced the recall of batches of Johnson & Johnson's children's cough syrup due to elevated levels of diethylene glycol, a toxic substance.
The number of food insecure people in West and Central Africa- Nigeria included increased by 400% in the last five years to reach 55 million for the June to August lean season
The World bank has estimated that Nigeria’s inflation rate would drop to around 24.8% this year and further slide to 15.1% by 2026.
The World bank has stated that the cost of trade in Nigeria and Ethiopia is four to five times higher than what obtains in the United States due to insecurity, higher transportation costs, topography and poor road infrastructure.
The federal government plans to begin the issuance of domestic bonds denominated in foreign currency starting from the second quarter of this year according to Minister of Finance Wale Edun reported by Reuters.
The government of Uganda has sought increased business interactions with Nigeria while assuring that it will soon add Abuja to its airline (Uganda Airlines) routes.
In 2023, Nigeria was the top recipient of payments from Shell, receiving approximately $4.92 billion. This amount, the highest paid to any government by the oil giant, included company income taxes, fees, royalties, and production entitlements from various projects within Nigeria.
Female representation on corporate boards in Nigeria experienced a 2.5% growth on average over the past four years.
Rotary International has allocated two million dollars for dedicated projects over a three-year period in a bid to tackle the pressing issue of child and maternal mortality in Nigeria.
Imported food inflation in Nigeria rose to its highest level, reaching 29.8% in February 2024 from 26.3% recorded in the previous month, which represents a 352 basis points increase.
The Federal Government of Nigeria is on the verge of securing another loan worth $500 million from the World Bank to bolster rural access and agricultural marketing in the country.