South Energx Reports Loss of N87 Billion Due to Realignment of Lagos-Calabar Coastal Road
In an interview with The Nation, Mr. Larry Akanbi, Assistant Public Relations Officer of South Energyx Nigeria Limited, expressed concern over the significant financial...
Q1 Sees 6.28% YoY Decrease in Total Direct FX Remittances to $282.6m
Despite efforts by the Central Bank of Nigeria (CBN) to attract foreign exchange into the country, total direct FX remittances dropped by 6.28 per...
IMF Urges Nigerian Government to Halt Electricity Subsidy
The International Monetary Fund Calls for the Removal of Implicit Fuel and Electricity Subsidies in Nigeria
In a recent report, the International Monetary Fund (IMF)...
Nigeria Development Update: Progressing from Reform Initiatives and Optimism to Tangible Outcomes
Nigeria has implemented crucial reform measures to prevent a fiscal crisis and is providing temporary assistance to the most vulnerable households. Policy decisions made...
Economic Forecast for Nigeria: Challenges and Opportunities Ahead
In 2022, Nigeria experienced a downturn in real GDP growth to 3.3% from 3.6% in 2021, primarily due to a drop in oil production....