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Nigerian Economy

Nigeria Loses 16,000 Doctors in Seven Years, Costing Billions

Nigeria has lost over 16,000 doctors in the past seven years, costing billions. The government is working on policies to address this migration crisis.

REAN Opposes Federal Government’s Plan to Ban Solar Panel Imports

REAN calls on the Nigerian government to reconsider the solar panel import ban, stressing the need for a phased approach to foster industry growth

CBN Cuts Duty FX Rate Again as Naira Exceeds N1500/$

CBN cuts import duty exchange rate to N1,446.281/$, marking the eighth adjustment this month amid ongoing naira fluctuations.

Nigerian Central Bank Hikes Interest Rate to 26.25%

Nigeria’s Central Bank raised its benchmark interest rate to 26.25%, aiming to curb inflation and stabilize the economy despite potential growth impacts.

CBN Hikes Interest Rate to 26.25%, OPS Protests

The Central Bank of Nigeria raises the MPR to 26.25%, aiming to curb inflation but sparking concerns among businesses about higher borrowing costs.

Shell Contributed $1.09bn in Taxes in 2023

In 2023, Shell Nigeria paid $1.09 billion in taxes and royalties, underscoring its substantial financial contribution to the Nigerian government and its economic development.

SDP Candidate Urges Shift from Wage Hikes to Social Investments

SDP's Adebayo champions social investments over wage increases, emphasizing a sustainable approach to supporting all citizens.

Nigerian Families Grapple with Triple Economic Crisis

In a season of triple shocks, Nigerian families are battling to contain an escalating...

Tinubu’s Missteps: Fuel Import Licenses and Naira Float

Recent proposals by prominent Nigerian politician Bola Tinubu regarding fuel import licenses and floating...

Obi Criticizes CBN’s Rate Hike, Foresees Economic Woes

Peter Obi slams CBN's decision, predicts job losses and hardship.

Naira Hits Record Low on Official Exchange, Nears N1,500/$ Mark

The naira plunges to a new all-time low on the official market, raising concerns over potential economic impacts and market stability.

SERAP Calls for Reduction of National Assembly’s ‘Excessive’ N344.85b Budget

SERAP urges Senate President Akpabio and Speaker Abbas to cut the National Assembly's N344.85 billion budget, advocating for fiscal responsibility in line with Nigeria's economic realitie

Nigeria to Send 4000 Skilled Artisans to UAE in Landmark Labor Export Deal

Nigeria set to send 4000 artisans to UAE, marking a significant stride in labor export and economic relations enhancement.

Nigeria Bolsters Food Security with Enhanced Wet Season Farming Strategy

In a significant move to bolster food production, Nigeria's Minister of Agriculture and Food...

Latest articles

Nigeria Loses 16,000 Doctors in Seven Years, Costing Billions

Nigeria has lost over 16,000 doctors in the past seven years, costing billions. The government is working on policies to address this migration crisis.

REAN Opposes Federal Government’s Plan to Ban Solar Panel Imports

REAN calls on the Nigerian government to reconsider the solar panel import ban, stressing the need for a phased approach to foster industry growth

Lagos Reaffirms One-Year Rent Limit, Warns Estate Agents Against Illegal Fees

Lagos government reaffirms the one-year rent limit and warns estate agents about illegal fees and unethical practices in real estate

Nigeria Records $6.83 Billion Payments Surplus in 2024

Nigeria records a $6.83 billion payments surplus in 2024, marking the first surplus in three years. Key reforms and trade performance contributed to the success.