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    Backward integration policy drive Nigeria’s palm oil production as big players go local

    By Josephine Okojie Backward integration policy spurs Nigeria’s local palm oil production as Big players like PZ Wilmar, Dufil Prima Foods, Agri Palm Limited, Presco,...

    Pandemic Spurs Global Demand for Nigeria’s “Halo Crops” as Local Consumers Lament 53% Price Spike

    Nigeria, June 17 - In a flowing cream hijab, Karima M. Imam walks through her fields in scrubland in northern Nigeria as workers harvest...

    IMF see Nigeria’s GDP grow 2.5%, Inflation decelerate 15.5%

    The Nigerian economy has started to gradually recover from the negative effects of the COVID-19 global pandemic. Following sharp output contractions in the second and...

    Nigeria’s banking industry remained well-capitalized with NPLs contained, but…IMF says

    Nigeria's banking industry remained well-capitalised with the level of non-performing loans (NPLs) contained. "Nevertheless, it remains to be seen what share of forborne loans may...

    Nigeria’s management of FX regime undermining investors confidence and investment appetite – World Bank says

    Naira hit a record low of 419.75 against dollar Currency falls on black market -traders Nigeria inflation and Q1 GDP data eyed Central bank to set rates...

    Nigeria’s GDP recovering but unemployment and inflation remain elevated, IMF reports

    Recent exchange rate measures are encouraging, and further reforms are needed to achieve a fully unified and market-clearing exchange rate. The resurfacing of fuel subsidies...

    World Bank advise Nigeria to make forex system clear, NAFEX rate key

    The World Bank urged Nigeria to provide a clearer and more predictable foreign exchange management system on Tuesday, suggesting that its response to Abuja's...

    Nigeria economic growth lags Africa, poverty rising, says World Bank

    Nigerian economic growth has resumed after the COVID shock but is lagging the rest of sub-Saharan Africa, with food inflation, heightened insecurity and stalled...

    Nigeria’s Monthly Consumer inflation for May expected to spike 18.20%

    Nigeria’s headline inflation for the month of May is expected to quicken as the National Bureau of Statistics readies to release the Consumer Price...

    President Buhari vows to fight militant groups and fix economy as activists call for anti-government protests

    Nigeria's President Muhammadu Buhari acknowledged Saturday the increased violence by armed groups in the northeast of the country and vowed to "soon bring some...

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