Nigeria Economy
World Bank Cuts Planned Grant to CBN from $10.5m to $6.8m Ahead of March Board Review
The World Bank has reduced the size of a planned grant to the Central Bank of Nigeria from 10.5 million dollars to 6.8...
NNPC Spent N13.2tn on State Refineries Despite Mounting Losses
The Nigerian National Petroleum Company Limited injected an estimated N13.2 trillion into the country’s three state owned refineries between 2023 and 2024, despite...
Adedeji Urges Nigeria To Shift From Raw Exports To Innovation Driven Economy
Nigeria must urgently move away from its heavy dependence on raw material exports and embrace an economy driven by ideas innovation and the...
NNPC Plans Equity Partnerships to Revive State Refineries as Dangote Offers Supply Relief
Nigeria’s long troubled state owned refineries with a combined capacity of 445000 barrels per day may be headed for a reset as the...
Nigeria’s Economic Reforms Yield Positive Results, Says Tinubu’s Adviser
President Bola Tinubu’s Special Adviser on Economic Affairs Dr Tope Fasua has said Nigeria’s inclusion on the International Monetary Fund’s list of countries...
Low Salaries Push Private School Teachers to Side Hustles, Jobs Outside Teaching
Many teachers in Nigeria’s private schools continue to struggle with low pay, forcing some to seek additional sources of income or leave the...
Anambra Government, Traders Agree on Phased Remodeling of Onitsha Main Market
The Anambra State Government has reached an agreement with traders to commence a phased remodeling of the Onitsha Main Market, aimed at improving...
Okpebholo Urges National Assembly to Probe Persistent Power Outages, Grid Collapses
Edo State Governor, Monday Okpebholo, has called for a thorough legislative investigation into Nigeria’s persistent power outages and repeated collapses of the national...
World Bank Opens $250bn Global Procurement Window to Nigerian Firms
The World Bank has unveiled a $250 billion global procurement window for Nigerian firms, urging local companies to seize thousands of business opportunities...
NDIC, EFCC Strengthen Partnership to Tackle Bank Failures and Recover Assets
The Nigeria Deposit Insurance Corporation (NDIC) and the Economic and Financial Crimes Commission (EFCC) have agreed to deepen collaboration aimed at strengthening the...
