Tag Archives: Nigeria

At last Nigerians will heave a sigh of relief after a long wait as the United Arab Emirates (UAE) has said it will resume visa services for Nigerians, which is a significant step in strengthening bilateral ties between the Arab country and Nigeria. According to the UAE authorities, the resumption …

The International Monetary Fund (IMF) has downgraded Nigeria’s economic growth forecast for the year 2023 to 2.9%. This is against its forecast for 2022 which stood at  3.3 %. The latest forecasts were contained in the IMF’s World Economic Outlook report, October 2023 released on the sidelines of the ongoing …

President Bola Tinubu has said Nigeria is ready for business, stressing that Africa’s most populous country has the resources and leadership. He stated this in New York on Monday while playing host to a delegation consisting of the global leadership of an oil and gas transnational giant, ExxonMobil. According to …

Despite President Muhammadu Buhari’s promise to improve education funding and allocation to the sector, Nigerian students have continued to troop abroad, and in droves in pursuit of foreign education. So far, the Central Bank of Nigeria (CBN) data on payment analysis has shown that citizens have spent about $4 billion …

The Managing Director of the International Monetary Fund, Kristalina Georgieva, has cautioned about the unforeseeable “consequences” that could be brought about by the retail central bank digital currencies.Georgieva expressed her concern about retail CBDCs in a May 1 interview at the Milken Institute’s 2023 Global Conference.According to the IMF boss, …

The World Bank has advised the Nigerian Government to unify the nation’s multiple exchange rate windows and carry out a number of other reforms to strengthen the economy and restore macroeconomic stability.In its latest Macro Poverty Outlook for Nigeria: April 2023, the bank said implementing economic reforms in the non-oil …

The President of Ukraine, Volodymyr Zelensky, has congratulated Nigeria’s President-elect, Asiwaju Bola Tinubu, on his election victory and has invited him to Ukraine on a state visit after his inauguration .The felicitation is coming two months after the former Lagos governor was declared winner of the February 25,2023 presidential election.In …

The United Nations Children’s Fund (UNICEF) yesterday said urgent actions are needed to protect the children suffering from the impacts of the conflicts in North-east Nigeria. In a statement, UNICEF gave 96 as the number of Chibok girls still in captivity nine years after the abduction.Speaking on the impact of …

The other aspect of rural electricity access being leveraged on is the Solar Home System (SHS) technology.

Nigeria stands as the number one country in Africa in the International Monetary Fund, IMF, 2020 World Economic Outlook’s ratings of countries. Using countries’ GDPs, IMF ranked Nigeria among the first 26 countries in the world in the same position with an average 442,976 million U.S. dollars. Countries are sorted …