Spate of Killings, Threat to Nigerian Economy, Sovereignty

Nigeria has continued to witness the deadliest killings, as reports suggest that armed non-state actors have killed over 200 people in recent attacks. Several illegal armed groups, ethnic militia groups, religious fundamentalists and fanatics are evidence of insecurity in Nigeria, and their atrocities have given rise to series of bombings, murder, arson, armed robbery, corruption,…

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2021: Capital Investments In Nigeria Surges by 97.73%

The National Bureau of Statistics has confirmed that capital imported into Nigeria surged by 97.73% in the closing quarter of 2021. The value stood out at $1.73 billion, edging out the $875.62 million recorded in the preceding quarter. The body published a report that revealed the 97,73 percent increase. However, comparison with the last quarter…

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Twitter: Implications of the Lifted Twitter Ban in Nigeria

Effective today, President Buhari has lifted the 222-day-old ban on Twitter in Nigeria, maintaining that the lift was a result of Twitter’s willingness to run its activities in cooperation with the Federal Government. The President’s approval was given, following a memo written to him by the Honourable Minister of Communications and Digital Economy, Prof Isa…

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World Bank Projects 2.5% Economic Growth For Nigeria

The World Bank in a report released on the 11th of January, 2022 estimated a 2.5 percent economic growth in Nigeria for the year 2022, 0.1 percent higher than the projection for 2021. The report was titled ‘Global Economic Prospects’; in the report, the World Bank stated that the elevated commodity prices are anticipated to…

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Foreign Exchange  Inflow Into Nigeria Surges By 64% To $30billion 

The total amount of foreign exchange (FX) that streamed into the Nigerian economy skyrocketed by 64% to $30.18billion in the third quarter (Q3) of 2021 compared to the $18.4billion recorded in the previous quarter.  This is about the data of the statistical bulletin for Q3 2021, from the Central Bank of Nigeria (CBN). The FX…

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Buhari Appoints Doyin Salami as Chief Economic Adviser

Renowned Economist Doyin Salami has been appointed by President Muhammadu Buhari as Chief Economic Adviser. Currently, Salami is Chairman of the Presidential Economic Advisory Council (PEAC). Femi Adesina, special adviser to the president on media and publicity, made the announcement in a statement on Tuesday. According to the statement, “Doyin Salami, 59, is Managing Director…

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