Tag: Nigeria
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Nigeria urges IMF, World Bank to strengthen support for reform-oriented economies
The Nigerian government has called on the International Monetary Fund (IMF) and the World Bank to provide stronger financial support for economies undertaking bold reforms, especially in Sub-Saharan Africa.
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Nigerians served peculiar mess, a la carte – By Owei Lakemfa
Adelabu Adegoke was one of the most flamboyant and charismatic politicians in pre-independence Nigeria. When one day, the press asked him about deliberations in the Western Region House of Assembly, he replied that it was a “peculiar mess”. He pronounced the words with a Yoruba intonation making the two words sound like “Penkelemesi”. So, his…
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IMF projects 3% economic growth for Nigeria
The International Monetary Fund (IMF) has released it new economic outlook report, reversing Nigeria’s economic growth projections for 2025 and 2026. The April report was released on Tuesday during World Economic Outlook (WEO) at a press briefing at the
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Choices, not chance: Why China is rich, and Nigeria is poor – By Dakuku Peterside
China and Nigeria, two continental giants that entered the late 1970s with similar per capita incomes, have since taken opposite economic trajectories. In China, the decisive moment was Deng Xiaoping’s 1978 decision to “open the windows” and let the world’s capital know-how to blow in. In Nigeria, the same decade
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While violent killings continue, Tinubu governs Nigeria remotely from Europe
Despite the ongoing violence and widespread killings in Nigeria, President Bola Tinubu continues to manage the country’s affairs remotely from Europe. Recently, while in France, he met with U.S. State Department Senior Advisor Massad Boulos, remotely inaugurated a census committee, and condemned recent gunmen attacks in Plateau that killed nearly 100 people.
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Trade wars: China turns to Nigeria, other emerging economies as US markets freeze
Product manufacturers in China have turned their attention to Nigeria and other emerging markets following the imposition of trade tariffs on their products by the US President, Donald Trump. Recall Trump, on April 2, slapped a 46 per cent tariff on Vietnam and a 17 per cent levy on the Philippines before paring those back…
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Trump’s policies frustrating Nigeria’s market – FG laments
The Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, has cried out over the adverse impact of U.S. foreign policy decisions particularly those attributed to former President Donald Trump on Nigeria’s oil-dependent economy. Speaking during a Meet-the-Press session organized by the Presidential Communications Team at the Aso Rock…
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Nigeria’s inflation increases to 24.23% in March 2025
Nigeria’s headline inflation rate rose to 24.23% in March 2025, according to the official government data source, the Nigeria Bureau of Statistics (NBS). The rise in the country’s inflation rate, from 23.18% back in February 2025 to 24.23% in March 2025, reflected a major increase in the rising commodity and energy costs in the last…
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Nigerians mourn as another Christian Chukwu’s team mate, Charles Bassey dies
Another team mate of Chairman Christian Chukwu , Charles Bassey of the Green Eagles 1980 squad is dead. Bassey died at the age of 71. Bassey died in Eket, Akwa Ibom on Saturday after a long illness. He was a member of the Super Eagles AFCON 1980 winning squad. Bassey worked a coach after retirement…
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Nigerians have no business being poor – Obasanjo
Former President Olusegun Obasanjo has said that Nigerians have no business being poor with the country’s vast resources. He said that the nation is abundantly blessed but is suffering from the mismanagement of its resources.