Nigeria Retains Third-Largest Position on World Bank Borrower List

African Economic Growth Threatened by Skills Deficit – World Bank

A severe skills gap across African economies threatens to slow continent-wide economic growth, weaken worker productivity, and derail job creation. The World Bank issued the warning in its latest assessment of sub-Saharan labor markets on May 20. The global financial institution noted that regional educational pipelines are failing to produce a workforce equipped for modern…

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Naira Appreciates to N1,385 Against The Dollar

Remittance Inflows Flatten at $21.8bn as Transfer Cost Rises

Diaspora remittances into Nigeria flattened at 21.8 billion dollars last year as global economic headwinds slowed the growth of offshore funding. Data from the Central Bank of Nigeria’s latest quarterly statistical bulletin reveals a negligible drop from the 21.811 billion dollars recorded the previous year. This stagnation follows a period of rapid expansion, during which…

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