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Inflation rate rises as food prices soar in Nigeria
Nigeria’s inflation rate climbed in November as the cost of food surged. Consumer prices in Africa’s largest oil producer rose 11.28 percent from a ye...
Nigeria
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Nigeria’s economy grew 1.81% in Q3, driven by non-oil sector
Nigeria’s economy grew 1.81 percent in the third quarter of 2018 from a year earlier, pushed higher by the non-oil sector, the statistics office said ...
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Nigeria set to overtake India to become world capital of infants’ death
A new report by the World Bank says Africa’s giant, Nigeria, will by 2021 become the world’s capital for infants’ death. The revelation is contained i...
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As Nigeria struggles with N30,000, South Africa increases minimum wage to R4861.2 (N126,480)
South Africa has increased its minimum wage to N126,480 per month. The news is coming at a time Nigerian workers are uncertain their struggle for a N3...
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Nigeria to lose $6 billion in a “corrupt” oil deal with Shell and Eni
A deal Shell and Eni brokered with the Nigerian government in 2011 is set to cost the African nation $6 billion in lost revenue, a report claimed Mond...
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Nigeria to emerge world’s second biggest rice importer in 2019, behind China
Nigeria’s rice imports will jump 13 percent next year to 3.4 million metric tons, making Africa’s most populous country the world’s biggest rice impor...
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Pirates seize eight Polish crew, three others from ship off Nigeria coast
Pirates boarded a container ship off the coast of Nigeria, seizing 11 crew including eight from Poland, according the vessel’s management firm and Pol...
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Nigeria drops in 2018 World Bank Ease of Doing Business ranking
Nigeria on Wednesday dropped by a spot in the latest World Bank Ease of Doing Business ranking for 2018, released by the global financial institution....
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Nigeria plans to cut 2019 budget and lower debt to boost revenues
Nigeria plans to cut its 2019 budget to lower debt, its budget minister said on Thursday, a day after parliament approved a new $2.8 billion Eurobond ...
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Nigeria slams South Africa’s MTN with $2 billion tax bill
Nigerian tax authorities have slapped MTN Group with a $2 billion tax bill, the South African wireless phones operator said on Tuesday. The announceme...