Just another News Updates
The World Bank has advised the federal government not to reverse the ongoing economic reforms, cautioning that such a move could have detrimental consequences for Nigeria’s economy. Key policies introduced by President Bola Tinubu’s administration on its first day in office include the removal of fuel subsidies and the unification of multiple foreign exchange systems. […]
The latest forecast from the International Monetary Fund (IMF) suggests a notable reshuffling in Africa’s economic hierarchy, with Nigeria poised to slip to the fourth position in 2024, behind South Africa, Egypt, and Algeria. Despite registering a modest 2.54% GDP growth rate in the third quarter of 2023, Nigeria is anticipated to yield its long-held […]
Nigeria made significant strides in debt repayment, clearing $560 million owed to various nations and organizations in January 2024, marking a 339% increase from the previous year’s expenditure. Analysis by the Central Bank of Nigeria revealed this substantial payment, amid reports indicating Nigeria’s public debt reached N87.91 trillion by September 2023. The Federal Government’s commitment […]