Nigeria’s Debt Service To Revenue High – AfDB President   President of the African Development Bank (AfDB), Akinwumi Adesina has said Nigeria’s debt service to revenue ratio is high. Adesina who made the disclosure yesterday at the opening of a two-day mid-term ministerial performance review retreat in...

Nigeria Grants N992.9bn Import Waivers In Two Years   Within a two-year period covering January 2019 and December 2020, the Federal Government through the Nigerian Customs Services granted the sum of N992.9bn as waivers on imported goods, findings have shown. The N992.9bn comprises N213.1bn recorded in 2019...

Shift From Fossil Fuels Threatening Nigeria, Others – W/Bank   The World Bank has said that the wealth value of Nigeria and some countries with abundant nonrenewable energy or recent oil and gas discoveries will be at risk due to a shift from oil, gas and...

Nigeria Lost N221.64bn In July To Oil Production Stoppages – NNPC   A total of 7,193,520 barrels of crude oil was lost in July this year due to about 39 production shut-in incidents, latest figures released by the Nigerian National Petroleum Corporation showed. An analysis of the...

W/Bank Says Nigeria’s Economy Will Grow By 2.4% In 2021   The World Bank has said Nigeria’s economy is projected to grow by 2.4 per cent in 2021. This is an increase in the bank’s earlier growth projection of 1.8 per cent made in January this year. The...

Germany Pledges N48bn To Nigeria For Economic Development   The Federal Republic of Germany has pledged a sum of N48 billion (€101 million) in 2021 and 2022 to support Nigeria in its growth recovery from the COVID-19 pandemic. The disclosure was made during the end of a...