Yet more hardship for Nigerians as naira hits record lows, stocks plunge
The Nigerian naira fell to record lows on both the official and unofficial markets on Monday, while stocks posted their…
UK, Mauritius, Netherlands, Singapore, top Nigeria’s source of capital importation in Q4
The United Kingdom, Mauritius, Netherlands, Singapore, and South Africa have emerged as the top five sources of capital importation into…
African countries with the fastest-growing student populations in Canada
Growth in Canada’s international education sector has typically been driven by Indian and Chinese students, particularly by the former in…
Nigeria’s unemployment rate surges to 5% amidst rising cost of living
Nigeria’s unemployment rate increased to 5% in Q3 2023 from 4.2 recorded in Q2 2023, according to the National Bureau…
Fitch Ratings warns Nigeria against establishing FX gateway bank, says it may affect banks’ liquidity,
Global credit rating agency, Fitch Ratings, has cautioned the Federal government over the proposed establishment of the foreign currency gateway…
Nigerian students are no longer interested in studying in the UK, new report finds
Nigerian students are increasingly turning away from pursuing their undergraduate studies in the United Kingdom. Official statistics released last week…
Umahi summons cement manufactures over hike in price
Federal government of Nigeria through works Minister, David Umahi has summoned Cement Manufactures in the country to a meeting following…
Nigerian govt says it attracted $30bn investment commitments in 8 months
Minister of Industry, Trade and Investment, Doris Anite, on Friday, announced significant investment commitments secured by the government since its…
10 African countries with the strongest currencies in 2024
Having a strong currency provides numerous benefits to African economies, ranging from increased purchasing power and attracting foreign investment to…
Nigeria seeks to remove ‘unsustainable’ power subsidy
Nigeria’s Power Minister Adebayo Adelabu has proposed the removal of the electricity subsidy, saying the country can no longer sustain…