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...
Nigeria Loses $1.7bn Court Case Against JP Morgan
Nigeria has lost a $1.7 billion London court case against JP Morgan Chase & Co for the bank’s role in the transfer of millions of dollars to a former oil minister convicted for corruption.
Nigeria had argued that...
FG Offers 9.2% Return For New Three-year Savings Bonds
The Federal Government has opened application list for the June tranches of its monthly retail bond issuance, otherwise known as Federal Government of Nigeria Savings Bond (FGNSB).
The Debt Management Office (DMO), which oversees government’s debt issuance...
Nigeria’s Q1 Trade Surplus Hits N1.2trn - NBS
The National Bureau of Statistics (NBS) says Nigeria recorded N1.2 trillion trade surplus in the first three months of the year.
The bureau stated this in its recent report entitled: ‘Foreign Trade in Goods Statistics (Q1 2022)’.
A trade...
