Poor Oil Investments’ll Have Adverse Impact On Nigeria, OPEC Warns       Investing poorly in the oil and gas industry will have a heavy adverse impact on Nigeria and other oil-producing developing nations, the Organisation of Petroleum Exporting Countries warned on Wednesday. OPEC observed that investment in the...

IMF Retains 2.5% Economic Growth Estimate For Nigeria       The International Monetary Fund (IMF) has retained Nigeria’s 2.5 percent economic growth forecast for 2021. The institution said this in its World Economic Outlook (WEO) for July titled “Fault Lines Widen in the Global Recovery” released on Tuesday...

‘Weak Revenue Mobilisation Hindering Debt Servicing’     Despite concerns about Nigeria’s rising debt profile, the Convener of Borrow Right Africa, Taiwo Akerele has stated that the key issue with the country is revenue mobilisation, which is affecting the capacity to service debts. He argued that Nigeria’s debt...

Nigeria, Others To Benefit From W/Bank COVAX Vaccine Financing         Nigeria and 91 other developing countries will benefit from a new COVID-19 vaccine financing mechanism, which is a product of a partnership between World Bank and COVAX. The World Bank, in partnership with COVAX, stated that it...

Nigeria Imported $50.3bn Worth Of Goods In 2020     Nigeria imported $50.3 billion worth of goods last year, the International Trade Centre (ITC) has said. The trade map by ITC showed that imports were $4,417,805,000 in January, $3,685,091,000 in February; $4,165,950,000 in March; $2,954,555,000 in April; $3,493,388,000...

Nigeria Going through Its Worst Unemployment Crisis - W/Bank   Nigeria is currently going through one of its worst unemployment crises in recent times, a new report by the World Bank has stated. The multilateral institution also noted that the socio-economic challenges facing Nigerians in the last...