Shambolic Local Elections: Are Governors Setting 'Standard' for Tinubu's 2027 Re-Election Strategy? By Yushau A. Shuaib It’s shocking and laughable that ruling parties, which barely secured victories in gubernatorial elections, are now winning local government council elections by landslides. In some states, even parties that had...

Nigeria, USA Annual Trade Now $10bn   The Consul-General of the United States Consulate in Lagos, Nigeria, Will Stevens, has said that Nigeria and the US have a $10bn annual trade relationship. Steven disclosed this on Monday in Lagos while speaking at the opening ceremony of the...

According to the International Monetary Fund (IMF), global economic growth has been projected to remain unchanged at 3.2 per cent in 2024 and 3.3 per cent in 2025.  

Egypt, Nigeria, Morocco Receive 61.2% Remittances in Africa . The Mo Ibrahim Foundation, an African non-grant foundation, says Egypt, Nigeria, and Morocco receive 61.1 percent of remittances into Africa. The foundation disclosed this in its 2024 forum report, titled, ‘Financing Africa. Where is the Money?’ Published on June...

The federal government has requested an 18-month extension on the closing date of the World Bank’s $800 million palliative loan in a strategic move to bolster its social safety net programs amidst rising inflation and economic challenges.   

Nigeria’s Trade Balance Rises to $1.43bn, IMF Reports Nigeria’s current account balance has increased to $1.432 billion in 2024 despite the economic downturn ravaging the country, data from the International Monetary Fund’s World Economic Outlook shows. The IMF data indicates a posi­tive outlook for Nigeria’s econom­ic...