Nigerian Economy Positioned for Investment Growth, Says Finance Minister Edun
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, announced that recent economic reforms have placed ...
Tag: Economy news
Rising Poverty in Nigeria as Stagnant Incomes Pushes 14 Million More Nigerians into Hardship
A new World Bank report reveals a bleak economic reality for Nigeria, with 14 million more Nigerians pushed into poverty ...
African Private Capital Sees Sharp Slowdown as Investors Pivot to Smaller Deals Amid Economic Fluctuations
The African private capital industry has seen a notable decline in deal activity for a second consecutive year, as reported ...
Nigeria Faces Looming Hunger Crisis as 30 Million Expected to Experience Food Shortages
Nigeria is heading toward a severe hunger crisis, with a staggering projection that more than 30 million people will face ...
Nigeria Launches Voluntary Currency Disclosure Scheme to Strengthen Financial Transparency
The Federal Government of Nigeria has introduced a nine-month Voluntary Currency Disclosure, Depositing, Repatriation, and Investment Scheme, known as the ...
Nigerian Banks Face Legacy Challenges Amid Looming Recapitalization Deadline
Moody's Ratings has highlighted that Nigerian deposit money banks are grappling with significant legacy exposures stemming from the Central Bank ...
Nigeria Loses $500 Million Annually Due to Delays in Cargo Tracking Implementation
The Nigeria Shippers Council (NSC) has revealed that the country loses $500 million each year due to significant delays in ...
World Bank Advises CBN to Limit Forex Auctions, Deepen Market Transparency to Strengthen Naira
The Central Bank of Nigeria (CBN) has been urged by the World Bank to avoid frequent interventions in the foreign ...
Government Urged to Prioritize Rubber Production for Economic Growth
The National Rubber Producers, Processors, and Marketers Association of Nigeria (NARPPMAN) in the South-West has called on the federal government ...
IMF Warns: Nigeria Must Prioritize Social Support Amid Economic Reforms
The International Monetary Fund (IMF) has raised alarms about Nigeria's slow implementation of social measures designed to alleviate the hardships ...
