nigeria

Unlike Egypt or Kenya, Nigeria Spends Foreign Loans on Admin Costs Rather Than Infrastructure

Unlike Egypt or Kenya, Nigeria Spends Foreign Loans on Admin Costs Rather Than Infrastructure

Nigeria has once again found itself in the spotlight for its external debt profile, ranking as the third-highest debtor in… Read More

2 weeks ago

UAE President to Visit Nigeria, Strengthening Economic Bonds

In a move that signals a new era of bilateral cooperation, the President of the United Arab Emirates (UAE), Mohamed… Read More

2 months ago

Nigeria’s Debt to Revenue Ratio Drops to 65%, How Does it Compare to Other African Countries?

President Bola Ahmed Tinubu on Tuesday announced that Nigeria's debt-to-revenue ratio has dropped to 65%, a significant drop from approximately… Read More

5 months ago

Nigeria Joins BRICS as Partner Nation Following $1.27 Billion Foreign Capital Surge in 2024

Nigeria has officially joined the BRICS bloc as a partner nation, solidifying its economic relationship with the alliance. The announcement… Read More

5 months ago

World Bank Calls on Nigeria to Boost Nutrition Investment, Promises $23 Return for Every Dollar Spent

The World Bank has urged Nigeria to significantly increase its investment in nutrition, pointing to potential economic benefits of up… Read More

5 months ago

Nigeria Launches 150 Million-Litre Jet Fuel Depot to Boost Aviation Efficiency

liNigeria has launched the Joint User Hydrant Installation 2 (JUHI-2), a state-of-the-art jet fuel depot located in Ikeja, Lagos, in… Read More

5 months ago

Naira Devaluation Makes Nigerian Exports Most Competitive in 20 Years- World Bank Economist

World bank’s chief economist, Indermit Gill at a meeting with the National Economic Summit Group (NESG) on praised the current… Read More

5 months ago

World Bank approves $500m Grant to Aid Nigeria’s COVID – 19 Recovery Efforts

As part of its efforts to ensure Nigeria effectively moves on from the COVID-19 pandemic which disrupted activities worldwide, the… Read More

5 months ago

Nigeria’s National Grid Collapses For the 6th time in 2024

Nigeria has experienced its sixth national power grid collapse of the year, just yesterday on the 14th of October. It… Read More

5 months ago

Colonialism and Nigeria’s Economic Development: Insights from 2024 Nobel Laureates in Economics (Acemoglu, Johnson, and Robinson)

In the last two decades, few economists have shaped the global conversation on development as much as Daron Acemoglu, Simon… Read More

5 months ago

Dangote Refinery and Petrol Subsidy: “Our Oil Reserves Doesn’t Mean Cheap Fuel”– Olabode Sowunmi

As Arbiterz earlier reported, the Nigeria National Petroleum Corporation (NNPCL) announced it is no longer the sole off-taker of the… Read More

5 months ago

Ghana Exits Debt Default After Restructuring US Dollar Bonds

Ghana has successfully exited a debt default after completing a restructuring of its $13 billion U.S. dollar bonds. This allows… Read More

6 months ago