Nigeria Seeks $1.5 Billion World Bank Support to Ease Dollar Shortages
Nigeria is seeking financial assistance of up to $1.5 billion from the World Bank. Wale Edun, the Minister of Finance ...
Tag: #Nigeria
External reserves record 0.29% growth
Nigeria's external reserves have seen a 0.29% YTD increase in January 2024, reaching $33.113 billion after Afreximbank's $2.25 billion crude ...
Shell Announces $2.4 Billion Exit from Nigerian Onshore Oilfields
In a strategic move signaling a departure from onshore oil production, Shell, the energy giant, has finalized an agreement to ...
UK Government Releases List of Companies Eligible to Sponsor Skilled Workers from Nigeria
UK government has unveiled an extensive list of licensed companies authorized to sponsor skilled immigrants under the temporary worker immigration ...
Nigeria’s External Reserves Decline by 10.86% Year-on-Year, Stand at $33 Billion
The Central Bank of Nigeria (CBN) has released data on the country's external reserves, revealing a significant year-on-year decline of ...
Nigerian Oil-Producing States Witness N108 Billion Drop in Domestic Debt
The nine oil-producing states in Nigeria have experienced a noteworthy reduction in their domestic debt stock from a record high ...
World Bank Projects Nigeria’s Economy to Grow by 3.4% in 2024
In its latest Global Economic Prospect (GEP), the World Bank has forecasted a 3.3% growth for Nigeria's economy in 2023, ...
United Nation Caution FG Over Nigeria’s Debt and Inflationary Threats
The United Nations (UN) has issued a cautionary note in its World Economic Situation and Prospects report for 2024, stating ...
Sanctions Loom for 3 Million Bank Accounts Without BVN or NIN
Millions of bank accounts in Nigeria are at risk of being blocked as the Central Bank of Nigeria (CBN) deadline ...
Nigeria Ranks 22nd Globally for Most Affordable Fuel Prices
In a recent report assessing Premium Motor Spirit (PMS) costs worldwide, Nigeria has secured the 22nd position for the most ...
