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Tag: nigerian economy

70 % Of Nigerian Inland Waterways Dormant, Says NIWA DG

Nigerian Inland Waterways Authority (NIWA)
The Managing Director of Nigerian Inland Waterways Authority (NIWA), George Moghalu, has stated that 70 percent of Nigerian inland waterways are still under utilised, in spite of the potential theRead More

Twitter Ban: Nigeria Loses $360m Revenue Within 100 Days

Twitter
A group of social enterprises yesterday announced that the continued suspension of the micro blogging site, Twitter, in Nigeria has cost the country about $360 million in economic revenue inRead More

Foreign Trade Rises To N12.03trn In Q2

Foreign Trade
Export component = N5.08trn Import component = N6.95trn Trade deficit = N1.87trn Nigeria’s total external merchandise trade increased by 23.28 per cent to N12.03 trillion in the second quarter ofRead More

OPEC: Nigeria May Be Hard-hit by Declining Investment In Oil Sector

Organisation of the Petroleum Exporting Countries (OPEC)
Urges the FG to diversify economy Cartel calls for deployment of tech to reduce carbon emissions The Organisation of Petroleum Exporting Countries (OPEC) yesterday warned that with declining investments inRead More

Moghalu: PPP, Not Borrowing, Enhances Infrastructure Devt

Former Central Bank of Nigeria (CBN) Deputy Governor, Prof. Kingsley Moghalu
Warns govt against borrowing binge The convener of “Moghalu4Nigeria Movement (M4N)” Professor Kingsley Moghalu, has expressed concern at Nigeria’s debt exposure which stood at $32.85 billion in March 2021. TheRead More

Oil Price Upswing Continues, Inches Closer To $75pb

Crude oil
The price of crude oil crept higher yesterday, almost hitting the $75 per barrel mark as industry data pointed to a substantial decline in United States crude stockpiles coupled withRead More

W’Bank: Rising Prices Pushed Seven Million Nigerians Below Poverty Line

World Bank
Says reforms needed to reduce inflation, accelerate recovery Blames lack of economic opportunities for insecurity, criminality in Nigeria Moderation in food prices slows inflation to 17.93% The World Bank hasRead More

Emefiele Tasks Ivory Towers On Agricultural Productivity

CBN Godwin Emefiele
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday challenged the university community to rise to the occasion and develop breakthrough solutions especially in seeds productionRead More

FG Explains Failure Of Previous National Plans

Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed
The Federal Government has traced the failure of previous national economic plans partly to inadequate cooperation and buy-in by sub-national governments. The Minister of Finance, Budget and National Planning, Mrs.Read More