To Fight Poverty, Nigeria Must End Reliance On Oil – IMF   The Managing Director of the International Monetary Fund, Ms Kristalina Georgieva, has said that there is a need for the Federal Government to diversify the economy from the oil in order to reduce the...

Nigeria, Germany Sign 70M Euros Bilateral Agreement The Federal Government has signed a 70M Euros additional financing bilateral agreement with the Republic of Germany on sustainable economic development, renewable energy, polio eradication, strengthening resilience of internally-displaced persons and host communities in northern Nigeria, education, peace...

Nigeria, Norway Partner On Power Expansion   The Federal Government is partnering the Government of Norway to work out measures that will help in the expansion of Nigeria’s power sector. With Norway’s 99 per cent total electricity supply coming from hydropower generation plants, both governments, during a...

Nigeria, China’s Bilateral Trade Now $8.6bn   Nigeria and China recorded $8.6bn bilateral trade between January and June 2019. There had also been an increase in the projects undertaken by China in the country. The Consul General, Chu Maoming, said this in his speech at the reception to...

IMF Concerned Over Rise In Trade Uncertainty In Nigeria   The International Monetary Fund has expressed concern over the rise in trade uncertainty in Nigeria and many other economies amid the escalating trade tensions between the United States and China. The IMF said on Monday that rising...

Experts: Rising Debts Fuelling Vulnerabilities In Nigeria, Others   Rising debt levels are fuelling vulnerabilities in Nigeria and other African countries, especially as external debt is shifting from the public to the private sector, experts have warned. Owing to this, recovery in the continent remains patchy as...