IMF advice criticized by Nigerian Labor A recent IMF advice to the Federal Government was criticized by the Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC). In an issue paper titled 'Nigeria: Selected Issues Paper Report', the IMF urged...

IMF To Nigeria: End fuel subsidies, Ignore Protests With controversy swirling around Nigeria's fuel subsidies, the International Monetary Fund (IMF) asserts that removing fuel subsidies will be the only solution to the country's economic recovery. The Executive Directors of the World...

Airlines and NASS Dispute Increases Domestic Flight Prices By 100% Checking airlines' websites and Sun newspaper reports shows that Nigerian airline fares have increased by as much as 100%. Port Harcourt, Ilorin, Kebbi, Borno, Adamawa, Kano, and other northern...

Nigerian Telecom Sector Outflows $2.16b in Foreign Exchange Annually   Nigeria's Ministry of Communication and Digital Economy announced that the telecommunications sector records an outflow of foreign exchange of approximately $2.16 billion per year. In light of the development, the Federal Government...

Nigerian Port Strikes Caused By CBN E-invoice Policy Implementation of e-invoices and e-evaluations by the Central Bank of Nigeria has created substantial problems at ports. A number of agents and freight forwarders working at the two ports have withdrawn their services,...

REPS- Failing To Modernize E-Customs Costs Nigeria, $8.810 Billion Yearly According to the Nigerian House of Representatives, a lack of custom modernization projects by the Nigerian Custom Service has led to a loss of $8.810 billion in revenue each year. Rep. Leke...