A recent ruling by the Federal High Court in Abuja has affirmed Nigeria's status as a free market economy, dismissing a lawsuit filed by MultiChoice Nigeria against the Federal Competition ...
Nigeria and Brazil revitalised their bilateral relations by signing a renewed Bilateral Air Services Agreement (BASA), marking a significant advancement in diplomatic and economic cooperation between the two nations. The ...
Meta Platforms Inc., the parent company behind Facebook, Instagram, and WhatsApp, has signalled a possible exit from Nigeria after a tribunal upheld a substantial \$220 million penalty issued in July ...
Nigeria is on track to fully repay its International Monetary Fund (IMF) Rapid Financing Instrument (RFI) loan by 2029, according to recent reports. In April 2020, the IMF approved Nigeria’s ...
The Corporate Affairs Commission (CAC) has announced a six-week ultimatum for all businesses operating in Nigeria without official registration to comply with regulatory requirements or risk facing legal consequences. This ...
Nigeria’s fiscal struggles deepened in January 2025 as the Federal Government’s debt servicing costs surpassed its retained revenue by a wide margin, according to the Central Bank of Nigeria’s (CBN) ...
The United States government has criticised Nigeria over persistent delays in approving import permits for American agricultural products, describing the situation as a longstanding barrier to trade and market access. ...
Nigeria has officially launched the AfCFTA Hackathon 2025, a groundbreaking initiative aimed at fostering digital innovation to enhance intra-African trade. The hackathon offers a grand prize of ₦20 million, along ...
Despite a projected uptick in Nigeria’s economic growth, the World Bank has raised concern over the rising levels of poverty in the country. In its latest Africa’s Pulse report titled ...
​Fitch Ratings has projected that Nigeria's external debt servicing obligations will rise to $5.2 billion in 2025, up from $4.7 billion in 2024. This increase includes $4.5 billion in amortisation ...
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