Nigeria borrowed N5.52tn in 2020, debt now N32.92tn: DMO
Nigeria’s total public debt rose by N5.52 trillion last year amid the COVID-19 pandemic, official figures have shown. The country’s
Read more
Economics
Nigeria’s unemployment rate rises to 33.3%
The unemployment rate in Nigeria, Africa’s biggest economy, rose to 33.3 percent in the fourth quarter of 2020 from 27.1
Read more
Manufacturers qualified to benefit from ‘CBN Naira4Dollar’ scheme – MAN
Manufacturers in Nigeria are more than qualified to benefit from the ‘Naira 4 Dollar Scheme’ introduced by the Central Bank
Read more
US Consulate, foundation train 120 Nigerian women entrepreneurs
The US Consulate General has supported the training of 120 women entrepreneurs in Nigeria selected from a pool of over
Read more
Nigerian govt urged to raise bonds for projects
The Federal Government has been urged to focus on raising bonds from the capital market as a means to financing
Read more
Nigeria’s forex reserves plunge to 11-month low
Nigeria’s foreign exchange reserves have plummeted to the lowest level in 11 months despite the sharp rise in the price
Read more
Okonjo-Iweala calls for more vaccine production in developing countries
The Director-General of the World Trade Organisation, Dr Ngozi Okonjo-Iweala, on Tuesday, called on COVID-19 vaccine manufacturers to do more
Read more
3,903 jobs lost in six months, say Nigerian manufacturers
A total of 3,903 jobs were lost in the manufacturing sector in the second half of last year, the Manufacturers
Read more
WTO welcomes Okonjo-Iweala on first day as DG
The World Trade Organization has welcomed a former Nigerian Minister of Finance, Dr Ngozi Okonjo-Iweala, as she takes over as
Read more
Third Mainland Bridge reopens after seven-month closure
After over seven-month closure, the Federal Government has fully reopened the Third Mainland Bridge in Lagos State following the completion
Read more