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Tag: Nigeria
Kenyan, Nigerian currencies tumble to new record lows against US dollar
Kenyan and Nigerian currencies have both hit all-time lows in the past few days, worsening the economic situation in the two heavily indebted African countries ... Read More
Nollywood: Nigeria’s ambitious $100m film city project launched in Lagos
Lagos State Governor on Wednesday (18 October) initiated the commencement of an ambitious $100 million Lagos Film City project, which aspires to transform the landscape ... Read More
African leaders attend 3rd Belt and Road Forum in Beijing
Some 130 leaders from Africa and other world’s regions have gathered in China for a two-day meeting organized by the Chinese government that marks the ... Read More
Nigeria: deepening currency crisis, soaring inflation are threats to country’s economy
Currency crisis in Nigeria deepens as its currency, the Naira, has dropped to ₦1,040 per dollar, which comes as a national industrial association has warned ... Read More
Niger: France to begin withdrawing troops ‘this week’, as Nigeria’s FM warns intervention ‘still on table’
French troops will begin withdrawing from Niger "this week", Paris announced on Thursday (5 October), while Nigeria’s top diplomat has said that a military intervention ... Read More
Sub-Saharan Africa faces ‘lost decade’, its growth weighed down by continent’s heavyweights — World Bank
Economic growth in Sub-Saharan Africa is expected to decelerate this year by slumps in economic powerhouses South Africa, Nigeria and Angola, the World Bank has ... Read More
AfCFTA to boost remittances by making cross-border transactions cheaper
The African Continental Free Trade Area (AfCFTA) has potential to increase cross-border remittances by migrants, according to a new report by World Bank, even as ... Read More
Africa’s food security: Nigeria, Egypt impacted by rising agri-commodities, fertilizer prices
The Russian invasion of Ukraine and Moscow’s withdrawal in July from the Black Sea Grain Initiative has driven up global food and commodity prices, severely ... Read More
Nigeria secures $13bn oil and gas investment
Nigeria has successfully attracted a total of $13 billion in investment commitments in its oil and gas sector from major international energy companies, according to ... Read More
Nigeria, South Africa are world’s most crypto-savvy nations — global survey
Two African countries — Nigeria and South Africa — have been listed among the most crypto-savvy countries in the world, according to a new 2023 ... Read More