Nigerian Economy | TRT Afrika

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Sub-Saharan Africa to see 3% economic growth in 2024 - World Bank

Sub-Saharan Africa to see 3% economic growth in 2024 - World Bank

The growth is expected to remain comfortably above last year's 2.4% thanks to higher private consumption and investment, the World Bank says.

Nigeria to sell crude oil in local currency

Nigeria to sell crude oil in local currency

Nigeria is one the world's top oil producers with proven oil reserves of approximately 37 billion barrels.

How businesses bear the cost of anti-inflation unrest in Nigeria

How businesses bear the cost of anti-inflation unrest in Nigeria

The looting and violence in Nigeria under the cover of anti-inflation protests have exacted a heavy toll on businesses, destroying many of them, taking away jobs, and making owners wary of reinvesting.

Weak internet, rains dampen Nigeria's cost of living protests

Weak internet, rains dampen Nigeria's cost of living protests

The protests over rising cost of living in Africa's most populous country come after the government took some economic reform measures that pushed the prices of food and fuel to unprecedented levels.

Nigeria braces for nationwide protests over cost of living

Nigeria braces for nationwide protests over cost of living

Protest leaders vow to press on with rallies despite what they say were legal challenges trying to limit their rallies to public parks instead of marches.

Nigerian lawmakers approve new minimum wage

Nigerian lawmakers approve new minimum wage

Africa's most populous nation has seen a series of labour strikes in recent months as unions pushed for an increase in the wage.

Nigerian military bombs eight 'illegal oil refining sites'

Nigerian military bombs eight 'illegal oil refining sites'

The Nigerian military says the airstrikes on ''illegal'' oil refineries were carried out in the oil-rich region of Niger-Delta after suspected illegal oil activities were observed.

Binance executive escapes from custody in Nigeria

Binance executive escapes from custody in Nigeria

Two executive officers of Binance, the world's biggest cryptocurrency platform, were detained in Nigeria and their passports seized.

Nigeria intercepts 21 food-laden trucks bound for Chad, Cameroon amid food crisis

Nigeria intercepts 21 food-laden trucks bound for Chad, Cameroon amid food crisis

Nigeria's Economic and Financial Crimes Commission says the trucks were seized in a border area in the northeastern state of Borno.

Nigeria: What Africa's largest economy needs to do to turn the corner

Nigeria: What Africa's largest economy needs to do to turn the corner

Africa's largest economy, Nigeria, is struggling to pull itself out of a swamp of problems that experts believe can be countered by consistency in policymaking and, in some cases, reverting to what worked for it in the past.

Hibiscus: Nigeria's emerging export

Hibiscus: Nigeria's emerging export

Hibiscus has emerged as an unlikely balm on inflationary wounds in Nigeria. Export of the flower, whose extract is used in beverages and healthcare products, is now a foreign exchange earner.

Nigeria pays $2 billion forex liabilities to boost confidence

Nigeria pays $2 billion forex liabilities to boost confidence

The payment is part of efforts by the Central Bank of Nigeria (CBN) to settle all valid forward transactions and alleviate pressure on exchange rate.