Nigeria’s candidate to head the World Trade Organization (WTO) said she feels “strong support” from Africa and expects African leaders to unite behind one candidate as sources following the race said she is gaining broader backing.
Nigeria will let people travel between its states outside curfew hours from July 1, a senior official said on Monday as authorities moved to relax some coronavirus restrictions.
Over 160 stranded Nigerian nationals in South Africa have been successfully returned to their homeland. The operation saw 45 Nigerian nationals landing in Abuja and 122 others in Lagos.
Nigeria needs to deepen economic reforms and boost government revenues in order to have a sustained recovery after a coronavirus-induced oil price shock that slashed income and weakened its currency, the World Bank’s country director told Reuters on Friday.
Mr Price Group has become the latest South African retailer to retreat from African markets due to weak economic growth, difficulties with repatriating funds and local procurement.
Nigeria’s coronavirus outbreak may push 5 million people into poverty as it triggers the worst recession in the African powerhouse since the 1980s, the World Bank said on Thursday.
A sharp rise in Nigeria’s sovereign debt and a ballooning financing gap could trigger a rating downgrade as policymakers in Africa’s biggest economy struggle to deal with the fallout from a coronavirus-induced oil price crash, a director at Fitch said.
Britain’s supreme court will on Tuesday hear Nigerian farmers and fishermen appeal to pursue claims against oil major Shell over spills in the Niger Delta.
Nigeria’s central bank has collected 216 billion naira ($598 mln) from banks with excess cash holdings as part of measures to support the naira currency, banking sources said on Friday.
Nigeria’s President has criticised his heads of security for their handling of attacks across the north of the country and said more needs to be done to resolve the problem, the national security adviser said.