Nigeria's debt to the World Bank is currently N6trillion.

Nigeria’s borrowing from the World Bank has risen by 121.46 per cent under the regime of the President, Major General Muhammadu Buhari (retd.) The total debt owed to the World Bank Group by Nigeria rose by $7.64bn (N3.52tn, using the exchange rate of the Central Bank of Nigeria, which was N460.53 per dollar as of April 23, 2023) in seven years. Specifically, the country’s indebtedness to the…
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Nigeria-Pakistan expands trade

The Minister of Aviation, Hadi Sirika, has agreed to lead a delegation saddled with the responsibility of improving bilateral trade and collaboration between Nigeria and Pakistan. Sirika accepted this offer when a team from the Africa Center for Asia Studies, International…

Misery index in Nigeria rose by 12 points.

Nigeria’s misery index has soared by 11.9 percentage points to 73.05, The misery index is a measure of economic distress felt by everyday people, due to the risk of (or actual) joblessness combined with an increasing cost of living. The misery index is calculated by adding…
Real EstateTechnology

RentOut to Fuel Fresh Revenue and Grow the Economy in Nigeria

It’s no secret that unemployment is a major issue in Nigeria. According to the National Bureau of Statistics, the unemployment rate in Nigeria was 27.1% in the second quarter of 2020. That’s over 20 million people who are currently out of work, and looking for ways to make money. Rentout, an online rental marketplace, could be a game-changer for many of these people. By renting out their idle…
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CinderBuild emerges as Nigeria's e-commerce pioneer in the area of building and construction procurement.

For decades, the supply of building materials in Africa has been operated in a traditional procurement model, construction project managers traditionally spend significant time and effort managing multiple procurement conversations across different platforms for each item category, often physically touring materials markets before discovering the right product at satisfactory quality and price…
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Palm oil producers in Nigeria have been posting record revenues and profits in the past 5 years.largely on account of import restrictions that more or less guaranteed their position as suppliers of last resort to diverse commercial and individual users, As reported by BusinessDay, showing Nigeria importing less palm oil as local producers report expansions, there are also opportunities in the…
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