Nigeria’s Inflation Rate May Be Among World’s Highest In 2022 – W/Bank
The World Bank has said Nigeria may have one of the highest inflation rates globally in 2022, with increasing prices diminishing the welfare of Nigerian households.
According to the World Bank, Nigeria is projected...
Twitter Loses N499.32bn in Nigeria as Ban Hits 200 Days
Twitter has lost N499.32bn in Nigeria since its suspension by government on June 4, 2021.
On June 4, the Federal Government announced the suspension of Twitter after the social media platform deleted a tweet by the...
W/Bank loans Nigeria $700m For Water Supply
The Federal Government has secured a $700m loan from the World Bank for specific water projects in the country, the Minister of Water Resources, Suleiman Adamu, has said.
According to him, most of the problems associated with water supply...
Nigeria’s Commodity Terms Of Trade Declines As Exports Fall By 2.3%
Nigeria’s all commodity terms of trade (ToT) fell by 2.85 percent in the third quarter of 2021 (Q3’21) even as commodity exports declined by 2.3 percent during the period.
This represents the third consecutive quarterly...
Non-oil Exports Rise By 205%, Hit N942bn In Five Years
Nigeria’s non-oil exports rose from N458.6bn recorded between January and September 2017 to N1.4tn within the same period of 2021, according to an analysis of data from the National Bureau of Statistics.
This means that within...
W/Bank Rolls Out N329.53bn Cash Transfer Programme In Nigeria
The World Bank is rolling out an $800m (N329.53bn at official exchange rate) facility designed to fund a large-scale Conditional Cash Transfer programme in Nigeria, the Nigeria Governors’ Forum hinted in its 36th teleconference meeting communique...
