Crisis Looms as Nigeria’s External Debt Projected to Reach $45.1 Billion by December
Nigeria’s external debt is expected to reach $45.1 billion by the end of 2024, raising concerns about a potential debt […]
Business
Federal Government to Initiate Local Production of 10 Vehicle Spare Parts
The Federal Government, through the National Automotive Design and Development Council, is set to begin local manufacturing of 10 essential
Exchange Rate Update: Naira Continues to Depreciate Against the Dollar
Naira depreciated to N1,740 per dollar in the parallel market from N1,735 per dollar.
FEC Approves $2.2 Billion Borrowing Plan to Support Economic Reforms
The federal executive council (FEC) has approved a $2.2 billion external borrowing plan to strengthen the country’s finances and support
Business
Lebanon Faces $8.5 Billion in War Damages and Economic Losses, According to World Bank Report
The World Bank has released a preliminary assessment of the economic toll of the ongoing conflict between Lebanon and Israel,
IPMAN Discloses Petrol Purchase Prices from Dangote Refinery
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has revealed that petrol from the Dangote Refinery is priced at N940
Lagos Government to Concession Red and Blue Line Rail Projects for Sustainability and Loan Repayment
The Lagos State Government plans to concession the operations of the Red and Blue Line rail systems to the private
Niger Engages Russian Companies to Tap into Uranium and Other Natural Resources
Niger’s Head of State, General Abdourahamane Tchiani, seeks investments from Russian firms in uranium and other natural resources.
Saudi Arabia Supports Nigeria’s Economic Reforms with $5 Billion Bilateral Trade Facility
President Bola Ahmed Tinubu and Saudi Crown Prince Mohammed bin Salman have pledged to strengthen Nigeria’s economy through strategic collaborations
UK Government Announces 45,000 Seasonal Worker Visas for 2025 to Bolster Agriculture and Poultry Sectors
In a move to address workforce shortages in its agriculture and poultry sectors, the UK government has announced the issuance