IMF Pegs Capital Outflows From Nigeria, Other Emerging Markets At $50b The International Monetary Fund (IMF) estimated the volume of capital that has left emerging markets, including Nigeria, following the ongoing interest rate cycle at $50 billion. It linked the flight, which it described as a...

Nigeria’s Coming Economic Meltdown, by Tope Fasua Ph.D   God knows I tried. For years I wrote and laboured, even got into politics to see how I could directly help, since joining the big 2 was an impossible or untenable option. I put out all my...

Like Nigeria, Indonesia may Block Facebook, Google, WhatsApp over New Regulations   The Indonesian authorities are set to block social media applications and online sites including Google, Facebook, and WhatsApp. The decision of the Indonesian government is similar to a recent indication by Nigeria to sanction tech...

Nigeria Among Top 10 Countries With Worst Inflation Rate - W/Bank The World Bank recently listed Nigeria among the top 10 countries in the world with the worst inflation rates based on 2021 figures. Nigeria ranks eighth on the list, with an annual inflation rate of...

Nigeria to Establish Direct Air Link with Portugal President Muhammadu Buhari has announced plans to ensure that Nigeria establishes a direct air link with Portugal as part of measures to boost tourism and people-people contact in the two countries. The President who was on a State...

Subsidy Overtakes Nigeria's Health, Education, Welfare Budgets   The World Bank says the cost of fuel subsidy in Nigeria has exceeded the government’s spending on health, education and social protection for Nigerians. It therefore said that removing fuel subsidy would help the government towards its poverty reduction...