Nigeria, SSA peers received $39bn long-term debt inflows in 2019 – World Bank
Countries in Sub-Saharan Africa accounted for the largest share (24 per cent) of $162 billion net long-term inflows to low-
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Economics
Nigeria’s fashion industry rakes in N2tn yearly, says FG
Nigeria’s fashion industry generates annual revenue of around N2 trillion and employs over 30,000 practitioners, the Minister of Information and
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LCCI laments challenges facing businesses at Nigerian ports
The Lagos Chamber of Commerce and Industry has said Customs processes and procedures for the clearance of cargo at Nigerian
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Nigeria becoming economic basket case, says ex-President Obasanjo
A former President, Chief Olusegun Obasanjo, has said Nigeria is becoming an economic basket case. The country has seen its
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CSLS raises concern over Nigeria’s rising budget deficit
CSL Stockbrokers Limited, a subsidiary of FCMB Group Plc, has expressed concern over the rise in budget deficit in Nigeria.
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World Bank cuts economic forecast for Nigeria, sees 4.1% contraction
The World Bank has revised its 2020 forecast for Nigeria’s economy to -4.1 percent, saying the country’s near-term outlook is subject
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Nigeria’s oil revenue rises by 168% above budget target
Oil revenue generated by the Federal Government as of July this year was 168 percent higher than the target in
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COVID-19’ll push 40 million Nigerians, others into extreme poverty – World Bank
The number of people in extreme poverty in Nigeria and other sub-Saharan African countries will swell by 40 million as
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COVID-19: 150 million risk extreme poverty, says World Bank
The COVID-19 pandemic is estimated to push an additional 88 million to 115 million people into extreme poverty this year,
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Exports: Shippers, airlines defy CBN’s directives, face sanctions
The Central Bank of Nigeria said on Tuesday that its directives on exports of goods from the country had not
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