The National Bureau of Statistics (NBS) has released a sobering report on the country’s public debt, revealing that each Nigerian citizen now carries a heavy financial...
Bilateral borrowing of Nigerian States climbed by 64.26% in just six months amid the decline in the Nigeran naira value. This surge, totaling a significant $462.81...
Investigation has shown that Nigeria faces the challenge of an unutilized World Bank loan amounting to $8.25 billion as of July 2023. This information has been...
Nigeria, along with Angola and Kenya, is positioning itself as an attractive destination for foreign investment in the aftermath of sharp currency declines. Citigroup Inc. has...
British authorities announced on Tuesday that they have formally charged former Nigerian oil minister Diezani Alison-Madueke with bribery offences. The charges stem from suspicions that she...
Nigeria is currently grappling with a pressing need for foreign currency, particularly dollars, while Norway, a nation sharing a comparable oil production capacity, witnessed its oil...
Nigerian consumers, along with others using telecommunication services within the country, collectively spent N3.33 trillion in 2022, according to the Nigerian Communications Commission (NCC) report. This...
Nigeria has been grappling with a foreign exchange crisis but recent data offers a glimmer of hope, indicating a positive shift in the country’s economic outlook....
With $20.1 billion in remittances in 2021, Nigeria was the second-highest recipient in Africa, trailing only Egypt ($28.3 billion). Although Egypt and Nigeria received over half...
President Putin affirms Russia's commitment to Africa's development and self-determination, promising continued support and humanitarian aid, including record grain supplies amidst global challenges.