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Business & Economy
129 million Nigerians are poor–World Bank
Maureen Aguta
The World Bank has stated that 129 million Nigerians are poor.
The apex bank stated this in its most recent development update on Nigeria.
The apex bank pegged Nigeria’s population at 223 million, based on…
AGOA: United States empowers Nigerian businesses to benefit from U.S. market opportunities
Maureen Aguta
The U.S. Agency for International Development (USAID) and Prosper Africa, a U.S. government Presidential-level national security initiative, in collaboration with the Office of the Vice President of…
Economic downturn: IMF lowers Nigeria’s growth to 2.9% from 3.3%, gives reasons
Maureen Aguta
The International Monetary Fund (IMF), has published its World Economic Outlook (WEO) for 2024.
The report crashed Nigeria’s growth projection to 2.9 per cent.
“Nigeria’s growth prospects for 2024…
GSM tariff to go up as FG proposes 5% tax on telecoms services, others
Maureen Aguta
The Federal Government has proposed a five per cent excise duty on telecommunications services, gaming and betting activities as part of a new bill to overhaul Nigeria’s tax framework.
The bill,…
Nigeria’s inflation resumes upward trend surges to 32.7% in September
Maureen Aguta
Data from the National Bureau of Statistics (NBS) indicates that Nigeria’s inflation rate has taken a worrying turn, surging to 32.7 per cent in September 2024, up from 32.15 per cent in August 2024.…
Hardship: Nigerian economy to rebound after 15 years– World Bank
Maureen Aguta
The World Bank Vice President and Chief Economist, Mr. Indermit Gill has said that if the ongoing economic reforms in Nigeria are maintained, the Nigerian economy will rebound and become big in 15 years…
SON celebrates world standards day 2024, showcases achievements, supports manufacturers
Maureen Aguta
The Standards Organisation of Nigeria (SON) today joined the global community in celebrating World Standards Day, emphasising its commitment to standardisation, quality assurance, and conformity…
Again, World Bank approves $1.57bn loan for Nigeria
The funds will focus on enhancing services for women, children, and adolescents, while also addressing climate challenges such as floods and drought.
FX Scarcity: FG proposes NIMASA, NPA to collect fees and charges in Naira rather than Dollars
Maureen Aguta
The Federal Government is proposing that the Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Port Authority (NPA) to begin collecting charges, fees, fines and others in Naira…
Flour Mills scales down Nigerian operations, eyes Pan-African expansion
Maureen Aguta
The Flour Mills of Nigeria PLC (FMN) has announced that it has commenced restructuring of operation in Nigeria, saying the move is aimed at securing its future as a regional industrial powerhouse.…