World Bank lists Nigeria among countries with ‘high food security concern’
The World Bank has retained Nigeria alongside Afghanistan, Somalia, South Sudan and Yemeh as hotspots of global food security concerns,…
RMAFC backs subsidy removal, says N8.4trn NNPC contribution to FAAC withheld since Jan 2022
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has reiterated its support for the removal of the petrol subsidy by…
Ecobank Partners Dashen Bank to Launch Remittance App Targeting Ethiopians in the Diaspora
Pan-African banking group Ecobank, is partnering with Ethiopia’s Dashen Bank to enable Ethiopians living in the diaspora, specifically Europe, to…
Eurozone slips into recession as energy prices soar
The eurozone entered a technical recession in the first three months of 2023 as soaring energy prices and rising interest…
World oil demand to rise by 2.33m bpd in 2023 –OPEC
For the third month running, the Organisation of Petroleum Exporting Countries (OPEC) has barely changed its forecast of global oil…
eNaira adoption disappointingly low, says IMF
The International Monetary Fund (IMF) says 98.5 percent of eNaira wallets have not been used even once. In its recently…
Food price inflation remains high globally – World Bank
The World Bank says inflation in food prices remains high globally. It made the declaration in its latest Food Security…
Diaspora Nigerians remitted $168bn in eight years – World Bank
The Nigerian Diaspora community has remitted $168.33bn to the country in the past eight years, according to World Bank reports…
FAAC: Allocation drops as FG, states, LGs share N715bn
The Federation Account Allocation Committee (FAAC) says it shared N714.63bn among the three tiers of government in March 2023. The…
Nigeria is defaulting in debt repayment to China – DMO
Nigeria has failed to service its debt to China which has accumulated to N110.31 billion in the last two years.…