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Featured: Latest Nigerian News
nigeria economy
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Nigeria Elumelu: Nigeria’s $1 Trillion Economy Impossible Without Addressing Power Challenges
Tony Elumelu, chairman of Transcorp Group, stresses that Nigeria cannot achieve its $1 trillion economy goal without fixing the country’s power sector. He calls for urgent reforms, citing the federal government’s slow pace in implementing changes, while highlighting Transcorp’s growth despite...- Nigeria News
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- 2 min read
- nigeria $1 trillion economy nigeria economy power sector reform tony elumelu transcorp group
- Category: Business
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Nigeria Trump Tariff Crisis: Nigeria Struggles with Economic Fallout
Nigeria's economy faces rising risks from Trump’s tariffs and global economic downturns, with oil price drops and stock market slumps exacerbating the situation. Experts recommend diversification, strategic trade agreements, and policy adjustments to mitigate the damage to the naira and national...- Nigeria News
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- global economic downturn naira depreciation nigeria economy nigerian trade relations trump tariffs
- Category: Business
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Nigeria World Bank Grants Nigeria $632M Loan Despite Debt Concerns
The World Bank has approved a $632 million loan for Nigeria to boost education and nutrition, despite concerns over rising debt. This follows a $500 million loan last week for economic resilience. While officials welcome the funds, critics question the country’s growing debt burden. The World...- Nigeria News
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- education funding nigeria debt crisis nigeria economy nigeria loan world bank funding
- Category: Business
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Nigeria Peter Obi Takes Swipe at Tinubu’s Reforms, Says Economy in Crisis
Peter Obi criticizes President Tinubu’s economic policies, sarcastically stating he has fulfilled his promise to continue Buhari’s legacy. He highlights inflation, naira depreciation, and rising costs, comparing Nigeria’s decline to Indonesia’s progress. Obi calls for competence in governance...- Nigeria News
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- bola tinubu economic reforms inflation crisis nigeria economy peter obi
- Category: Politics
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Nigeria Tinubu Defends Tough Economic Decisions, Says Relief Is Near
President Bola Tinubu has defended his administration’s economic policies, stating that Nigeria would have faced bankruptcy without urgent reforms. He assured Nigerians of economic stabilization while highlighting key initiatives like NELFUND and CREDICORP. Former lawmakers praised these...- Nigeria News
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- bola tinubu economic reforms fuel subsidy removal nigeria economy nigerian government policies
- Category: Politics
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Nigeria Chatham House Urges Nigeria to Keep Naira Depreciated for Economic Competitiveness
Chatham House warns Nigeria against strengthening the naira, urging that its depreciation has made the country more competitive. The think tank highlights positive economic impacts, such as improved balance of payments and increased reserves, while recommending alternative measures to control...- Nigeria News
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- chatham house inflation control naira depreciation nigeria economy
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Nigeria Akpabio Backs Tinubu’s Reforms, Claims Nigeria’s Economy Is on the Right Track
Senate President Godswill Akpabio praises President Bola Tinubu's economic reforms, highlighting the removal of the fuel subsidy and the passage of Nigeria's largest-ever budget. Akpabio expresses confidence in the country’s economic recovery and diversification beyond oil, signaling a positive...- Nigeria News
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- akpabio fuel subsidy removal nigeria budget 2025 nigeria economy tinubu reforms
- Category: Politics
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Nigeria World Bank: Nigeria Still Africa’s Largest Economy, Despite Low Investments
Nigeria retains its position as Africa’s largest economy, despite low FDI inflows. The World Bank highlights the need for targeted reforms in ICT, agribusiness, solar, and pharmaceuticals to unlock investment and job creation. However, concerns remain over poverty, infrastructure, and economic...- Nigeria News
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- africa largest economy nigeria economy world bank nigeria
- Category: Business
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![[VIDEO] Peter Obi Speaks Out on the Struggles of Opposition Politics in Nigeria](/data/attachments/211/211990-2806e68f0456240de9c1ec97146536a4.jpg?hash=pmF4zn_I8J)
Nigeria [VIDEO] Peter Obi Speaks Out on the Struggles of Opposition Politics in Nigeria
Peter Obi, Labour Party’s 2023 presidential candidate, revealed the struggles of opposition politics in Nigeria, citing systemic hostility and personal sacrifices. He criticized societal resistance, urged President Tinubu to prioritize domestic issues, and called for unity and truth to address...- Nigeria News
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- bola tinubu nigeria economy nigerian opposition politics peter obi
- Category: Politics
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Nigeria Senate President Akpabio Credits Tinubu for Tackling Nigeria’s Economic Crisis
Senate President Godswill Akpabio praised President Bola Tinubu for addressing Nigeria's severe economic challenges. Akpabio called the country "on life support" when Tinubu assumed office in May 2023. The reforms introduced, including tax bills and subsidy removals, are crucial for Nigeria's...- Nigeria News
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- akpabio economic reforms fuel subsidy removal nigeria economy tinubu
- Category: Politics
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Nigeria Oyedele Explains How Tax Reform Bills Will Boost Nigeria’s Economy
Taiwo Oyedele, chairman of the Presidential Fiscal Policy and Tax Reforms Committee, explains that the new tax reform bills aim to foster inclusive growth and ease the burden on low-income earners. The reforms seek to overhaul Nigeria’s outdated tax system, addressing revenue leakages and...- Nigeria News
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- nigeria economy nigerian tax system oyedele tax reforms tax reform bills
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Nigeria President Tinubu Reassures Nigerians of Brighter Future Despite Economic Challenges
President Bola Tinubu defends his economic policies, including the removal of fuel subsidies and exchange rate unification, stating they are yielding positive results. He reassures Nigerians that the economy and security are improving, and by God's grace, every household will benefit from a...- Nigeria News
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- bola tinubu economic policies fuel subsidy removal nigeria economy
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Nigeria TVC's Akashat Ny'mat Accuses Davido of Discouraging Investors
TVC presenter Akashat Ny'mat criticized Davido for publicly claiming Nigeria's economy is "in shambles" on a U.S. radio show. She argued that his comments discouraged potential foreign investors, despite the government’s efforts to attract them. Ny'mat emphasized that influential figures must be...- Nigeria News
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- akashat ny'mat davido foreign investors nigeria economy tvc presenter
- Category: Entertainment
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Nigeria Wale Edun Reveals Nigeria Has Saved $20bn from Petrol Subsidy Removal and Naira Reforms
Nigeria's Finance Minister Wale Edun announced that the country has saved $20 billion by ending fuel subsidies and adopting a market-driven exchange rate. The reforms, aimed at redirecting funds to health, education, and infrastructure, mark a significant shift in economic policy, fostering...- Nigeria News
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- $20 billion savings fuel subsidy naira float policy nigeria economy subsidy removal wale edun
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Nigeria Nigeria’s Finance Minister Credits Tinubu for Saving Economy by Ending Fuel Subsidy
Wale Edun, Nigeria's Finance Minister, praised President Bola Tinubu’s decision to end the fuel subsidy, which saved the country five percent of its GDP annually. He highlighted that the move would benefit all levels of government, boost infrastructure, and attract private sector investments...- Nigeria News
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- fuel subsidy removal nigeria economy tinubu wale edun
- Category: Politics
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Nigeria SGF George Akume: Nigeria’s Tough Times Are Necessary for Future Economic Revival
President Bola Tinubu, represented by SGF George Akume, acknowledges Nigeria's tough economic challenges, attributing them to essential reforms. Emphasizing that solutions are not immediate, Akume affirms progress is underway. Tinubu also honors Pastor Tunde Bakare for his contributions, calling...- Nigeria News
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- nigeria economy pastor bakare sgf akume tinubu
- Category: Politics
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Nigeria Naira Plummets: Now Third Worst Currency as Liquidity Issues Persist
Nigeria's Naira has fallen to the world's third worst-performing currency, losing about 70% of its value against the dollar. A recent 4.3% drop to 1,670.65 Naira per dollar highlights ongoing liquidity issues in the foreign exchange market, exacerbated by declining crude oil production. The...- Nigeria News
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- crude oil production currency devaluation foreign exchange market naira nigeria economy
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Nigeria NLC Blames IMF, World Bank for Nigeria’s Economic Woes
The Nigeria Labour Congress (NLC) has accused the International Monetary Fund (IMF) and World Bank of driving Nigeria's economic hardships, blaming their policy recommendations for the country’s financial struggles. NLC President Joel Ajaero calls for IMF and World Bank to end their influence...- Nigeria News
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- economic hardship imf nigeria economy nlc world bank influence
- Category: Metro
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![[VIDEO] Rufai Oseni and Iyin Aboyeji Clash Over Economic Strategies on Arise TV](/data/attachments/209/209440-3ced3182b5fd26086cae5ae1b1f52c49.jpg?hash=2Ga7EkXuo7)
Nigeria [VIDEO] Rufai Oseni and Iyin Aboyeji Clash Over Economic Strategies on Arise TV
In a recent Arise TV interview, Flutterwave founder Iyin Aboyeji argued that Nigeria's weak Naira benefits the economy, despite concerns about purchasing power and minimum wage issues. Rufai Oseni challenged Aboyeji’s claims, citing the impact of inflation and the difficulties of automation in a...- Nigeria News
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- minimum wage nigeria economy rufai oseni
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Nigeria Nigeria's Finance Minister: "Subsidies Are Gone, We Must Move Forward"
Nigeria's Finance Minister, Wale Edun, confirmed the removal of fuel and foreign exchange subsidies, citing financial strain on the economy. The government plans to address unemployment through a new housing finance initiative, while inflation soars to 32.70%. Critics highlight the adverse...- Nigeria News
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- foreign exchange subsidies fuel subsidies nigeria economy
- Category: Business
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