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Tag Archives: Nigeria

IMF Ranks Nigeria 1st in Africa, 26th in the world

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 …

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ISIS, Al Qaeda Penetrating Nigerian Regions, US Warns

ISIS and al-Qaida are penetrating Northwest and looking to expand further to southern regions of Nigeria, United States has warned on Wednesday. The Commander of US Special Operations Command Africa, Major General Davin Anderson, raised the alarm during a digital briefing on US efforts to combat terrorism in Africa during …

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Shoprite to Exit Nigerian Market

South Africa retail giant, Shoprite, on Monday announced its formal process to discontinue operation in Nigeria. Shoprite Holdings Limited made the announcement in its operational and voluntary trading update for the year ended on June 28, 2020.  The multi-national retail group, which announced a 6.4 per cent increase (R156.9billion) in …

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Nigeria’s Inflation Rate Increases to 12.56 in June

The Nigeria’s National Bureau of Statistics (NBS) Friday reported that the country’s consumer price index, (CPI) which measures inflation increased to 12.56 percent (year-on-year) in June 2020, representing 0.16 percent points higher than the rate recorded in May 2020 (12.40) percent. According to NBS, the increases were recorded in all …

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U.S Boast of N15.5bn COVID-19 Aid to Nigeria

The United States’ COVID-19 emergency aid to Nigeria rose to 41.3 million dollars (N15.5 billion) as of Thursday, according to the Department of State. This represents an additional 11.3 million dollars (N4.2 billion) compared with the 30 million dollars (N11.2 billion) assistance to Nigeria announced by the U.S. in May. …

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