Afreximbank begins medical centre project in Nigeria
The African Export-Import Bank has announced the commencement of its African Medical Centre of Excellence project in Abuja, Nigeria. Afreximbank
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Economics
Nigeria’s forex reserves shed $650m in April, CBN data show
Nigeria’s foreign exchange reserves declined by $650 million last month, according to data from the Central Bank of Nigeria. Markets
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Shell, Rivers govt unveil multimillion-naira cassava firm
An energy giant, Shell, has inaugurated a multibillion-naira Rivers Cassava Processing Company Limited built in partnership with the Rivers State
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$8.1tn global investment needed in nature by 2050 – Report
A total investment in nature of $8.1 trillion is required between now and 2050 – while annual investment should reach
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Nigeria’s forex reserves tumble to one-year low
Nigeria’s foreign exchange reserves have fallen to the lowest level in more than a year, the latest data from the
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Nigeria’s economy seen shrinking in Q1 after exiting recession
The Nigerian economy is estimated to have contracted by 0.5 percent in the first quarter of this year after a
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Surprise as Nigeria’s inflation falls for first time in 21 months
The inflation rate in Nigeria unexpectedly declined in April for the first time in 21 months, official data released on
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Companies paid N393bn in taxes to Nigerian govt in Q1: NBS
The company income tax paid to the Nigerian government rose to N392.77 billion in the first quarter of this year
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[UPDATED] TCN says Nigeria’s power grid restoration ongoing
The Transmission Company of Nigeria has said the restoration of the country’s power grid, which collapsed on Wednesday morning, is
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Nigeria’s debt-to-revenue ratio ‘alarmingly high’, says FDC
While Nigeria has a low debt to GDP ratio of 34.4 percent, its debt to revenue ratio is alarmingly high
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