Tags : Nigeria

Nigeria’s Special Projects Spending To Rise By 68%

Nigeria’s spending on special projects targeted at stimulating economic growth is projected to rise to N7.7 trillion by 2025. This is about 68.1 percent from N4.58 trillion in 2021. The funding programme will be by sovereign guarantees under a Public-Private Partnership (PPP). The cost is tied to funding projects, including the Federal Capital Development Authority’s […]Read More

EU-Nigeria trade rises by 25.8 %

The trade volume between the European Union and Nigeria has increased by 25.8 percent to peak at €28.7 billion in 2021. The EU’s imports from Nigeria stood at €17.5bn, while its exports were valued at €11.2bn, with the trade balance at €6.4bn in favour of Nigeria. The Head of the European Union Delegation to Nigeria […]Read More


Comparing Q1 Inflation Rate Across Five Years

According to the latest figures from the National Bureau of Statistics, Nigeria’s Consumer Price Index rose to 15.92 percent in March 2022. This new figure was the highest the country has recorded since November 2021. In the first quarter of the year,  Nigeria’s inflation rate grew from 15.60 percent in… You must be registered to […]Read More

Nigeria Has Over 80,000 Refugees, 3.2 Million IDPs

The United Nations High Commissioner for Refugees has said over 80,000 refugees and 3.2 million internally displaced persons were in Nigeria and in dire need of help. It said most Nigerians were unaware that the country was hosting over 80,000 refugees, particularly in the southern states, as the bulk of the refugees were from Cameroon. […]Read More

Nigeria Incurs N950bn Domestic Borrowing In Q1 2022

  The Debt Management Office has revealed that the federal government of Nigeria has incurred a new N950bn domestic borrowing between January 2022 and March 11, 2022. The fresh borrowing was disclosed by the Director-General of the DMO, Patience Onihain in the presentation of the Public Debt Data as of December 31, 2021. In the […]Read More