Nigerian doctors’ strike enters 15th day, demanding immediate CBA conclusion and updated salaries as hospitals nationwide struggle to provide essential medical services.
Nigeria's oil production edged slightly higher in April 2024, offering a glimmer of hope for the nation's economic prospects. However, this increase falls short of government targets, highlighting persistent challenges that continue to plague the oil sector.
Nigeria and China are collaborating to bridge the trade gap and enhance agricultural exports, signaling new opportunities for economic growth and development in both countries.
Nigerians are feeling the pinch of rising prices, and the Central Bank is taking decisive action. Governor Dr. Olayemi Cardoso reaffirmed the Monetary Policy Committee's (MPC) commitment to keeping interest rates high to combat inflation. This comes after two significant interest rate hikes in 2024, pushing the benchmark lending rate to a record 24.75%.
The IMF warns Nigeria against unsustainable fuel and electricity subsidies, highlighting the need for fiscal discipline to tackle the nation's economic challenges.
Nigeria's oil production is poised for a significant boost with the commencement of operations at Oil Mining Lease (OML) 13 in Akwa Ibom State. The project, a collaboration between the state-owned Nigerian National Petroleum Company (NNPC) and its partners, marks a promising development for the country's energy sector.
President Tinubu inaugurates Nigeria's largest lithium processing plant in Nasarawa, signaling a major leap in renewable energy investments and sustainable mining practices.
Nigerian doctors’ strike enters 15th day, demanding immediate CBA conclusion and updated salaries as hospitals nationwide struggle to provide essential medical services.
Analysts say Nigeria’s economic gains are largely on paper, with macro improvements yet to translate into real relief for citizens. Experts urge targeted reforms for inclusive growth.