President Muhammadu Buhari declared on Tuesday that if parliament rejects a request for a loan-to-bond swap on the central bank’s overdrafts to the government, Nigeria
Category: Africa
Nigeria’s naira crashes to record low on the official market. – Refinitiv data
Following the Christmas holiday, trading resumed on the official market on Wednesday, and the naira of Nigeria touched a record low of 460.20 to the
Nigeria: Central Bank’s money printing gambit ruined the economy, Senate concurs.
Following concerns from some legislators, the Nigerian Senate on Wednesday increased the country’s 2023 budget by 6.4% to 21.83 trillion naira ($49 billion) and postponed
Nigeria to convert $53b Central Bank short-term loans to long-term, in view of economic downturn.
President Muhammadu Buhari said in a letter to parliament that Nigeria will convert a total of 23.7 trillion naira ($53 billion) in short-term loans owed
Nigeria: US to review security assistance and impose sanctions over forced abortion report. – Senator.
Following Reuters’ reporting on an illegal abortion program and the execution of children by the Nigerian military, U.S. Senator Jim Risch, the senior Republican on
Sports betting in Africa: Fast expanding into a lucrative, addictive, fatal venture.
The Ugandan health officer bet $1,800 that had been granted to him by the authorities as compensation for 243 persons who had taken part in
Nigerians get poorer as the inflation rate accelerated to 21.47% in November.
The statistics agency reported on Thursday that inflation in Nigeria increased for the tenth consecutive month, from 21.09% in October to 21.47% in November. According
Africa’s booming e-payments market: Visa to invest $1b over the course of five years.
At the U.S.-Africa Leaders’ Summit on Wednesday, Visa Inc. announced plans to invest $1 billion over the next five years in Africa to take advantage
Boko Haram war: US State Department expresses shock over report of Nigerian government killing children.
According to a Reuters story, the Nigerian army killed children while battling terrorists, and the United States has brought up these concerns with the Nigerian
Boko Haram war: Nigeria to get 54 new air assets, including attack aircraft, helicopters, and aerial drones.
In order to improve its capacity to combat insecurity in the nation, Nigeria is anticipating receiving 54 new aviation assets, including attack aircraft, helicopters, and
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