IMF Lowers Nigeria’s Economic Growth Projection To 3.2%
The International Monetary Fund (IMF) has lowered Nigeria’s 2022 economic growth projection to 3.2 per cent.
This is 0.2 percentage points lower than the 3.4 percent projected in its July 2022 report.
The Washington-based institution disclosed this on Tuesday...
World Bank Projects 102% Revenue, Debt Service For Nigeria
The World Bank has said that public debt in Nigeria is concerning due to the rising debt service-to-revenue ratio.
According to the bank, the debt service to revenue ratio could stand at 102.3 per cent by the...
Independence Anniversary and Nigerians’ Unhelpful Obsession with Foreign Stuff, by Rasheedat Shuaib
There is no better time to reflect on some of the self-sabotaging habits of Nigerians than a period the country is marking her independence anniversary. There is no better period to do so...
IMF: Import Dependence Worsening Food Crisis in Nigeria
The International Monetary Fund has said that the food crisis currently ravaging Nigeria and other Sub-Saharan Countries has been exacerbated by over-reliance on imported foods.
In a new report titled, “Africa Food Prices Are Soaring Amid High Import...
U.S. Announces Project to Improve Cocoa Value Chain in Nigeria
The United States Department of Agriculture’s Food for Progress programme has entered into a cooperative agreement with the Lutheran World Relief to strengthen the cocoa value chain in Nigeria.
The U.S. consulate said in a statement...
Nigeria’s Crude Oil Production Crashes To 900,000 Per Day
Nigeria’s crude oil revenue has continued to slump as the Organization of the Petroleum Exporting Countries (OPEC) newly released Monthly Oil Market Report for September revealed that the country’s crude oil output fell to 900, 000...
