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Nigeria: Less than 2 percent GDP growth in 2018 – World Bank

Nigeria’s economy is expected to post less than 2 percent growth this year. The growth is largely driven by the non-oil industry and service sectors, the World Bank said on Wednesday. Nigeria’s emergence from recession last year remains sluggish, and sectoral growth patterns are unstable. In the second quarter of 2018, the oil sector contracted […]

Chad Hosts Regional Summit over Boko Haram

Chadian capital N’Djamena is hosting this Thursday (Nov.29) a meeting of the heads of State of Cameroon, Central African Republic, Chad, Niger, Nigeria to look into the security situation in the areas targeted by the Boko Haram insurgency. The summit was summoned by by President Muhammadu Buhari of Nigeria in his capacity as Chairman of […]

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Nigeria: Buhari approves new monthly minimum wage

Nigerian President Muhammadu Buhari on Tuesday inked an agreement with organized labor raising the minimum wage in Africa’s most populous nation. Buhari gave his approval while receiving the report of a Tripartite Committee on the Review of National Minimum Wage at the Presidential Villa in Abuja. To be enacted, the bill needs to be endorsed […]

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Nigeria: Buhari asks lawmakers to approve $2.79 bln Eurobond

Nigerian President Muhammadu Buhari on Tuesday asked lawmakers to approve the issuance of a $2.79 billion Eurobond. According to Buhari, the Eurobond will help Africa’s most populous nation implement its new external borrowing that had already been approved in the 2018 budget to help cope with the budget deficit and fund infrastructure projects. In its […]

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Nigeria: Chibok girls’ activist Ezekwesili announces presidential bid

Nigeria’s anti-corruption campaigner and prominent Chibok girls’ activist Oby Ezekwesili will challenge President Muhammadu Buhari in the forthcoming 2019 elections. The move comes a week after members of the All Progressive Congress, APC, have unanimously rallied behind President Buhari as the party’s unique candidate in next year’s presidential elections. The Nigerian President will be seeking […]

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Nigeria celebrates Independence Day amid stagnant wages

President Muhammadu Buhari of Nigeria reiterated Monday on Independence Day his administration’s commitment to completely diversify the economy and strengthen other sectors to boost the GDP of Africa’s most populous nation. The Nigerian economy slipped into recession in 2016, a development triggered by dwindling government revenue, following the fall in oil prices in the international […]

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Nigeria’s 2019 polls: Buhari submits nomination form

Nigerian President Muhammadu Buhari has submitted his nomination form to the All Progressives Congress (APC) to seek re-election in the 2019 general elections. Buhari submitted the form at the ruling APC National Secretariat in Abuja on Wednesday, local media reported. The party now has strong and patriotic individuals who are ready, willing and able to […]

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Nigeria: $8.2m relief approved as massive floods continue

Nigeria has approved about $8.2 million to cater for medical and relief support for communities affected by flooding in parts of Africa’s most populous nation. The National Emergency Management Agency has received the money to respond to the looming flood disasters following a red alert issued last week by the National Hydrological Services Agency (NHISA). […]

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Nigeria’s Buhari praises President Barrow for stability in post-Jammeh Gambia

Nigerian President Muhammadu Buhari on Wednesday lauded his Gambian counterpart, Adama Barrow, for bringing stability to Gambia since the downfall of longtime leader Yahya Jammeh. Buhari who held talks with his guest Barrow in Abuja on Wednesday underscored the importance of stability saying it had a ripple effect on the wider national agenda of every […]

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Togo, Guinea Bissau top agenda of ECOWAS leaders’ meeting in Lomé

Togo and Guinea Bissau have topped the agenda of the 53rd Ordinary Session of the Authority of ECOWAS Heads of State and Government held in Lomé, Togo on Tuesday. The summit, which was attended by all of the Heads of State of the regional bloc, was dominated by the political and security situations in Guinea […]

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