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Nigeria, Brazil Sign MoU to Boost Agric-business in 774 LGAs by 2029

Nigeria, Brazil Sign MoU to Boost Agric-business in 774 LGAs by 2029

The federal government, through the Ministry of Agriculture and Food Security (FMAFS) and Fundação Getulio Vargas (FGV) of Brazil, has signed a Memorandum of Understanding (MOU) to advance private sector development in fertiliser production, hybrid

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Nigeria’s Unemployment Rate Drops to 4.3% in Q2 2024

Nigeria’s Unemployment Rate Drops to 4.3% in Q2 2024

Nigeria’s unemployment rate declined to 4.3 percent in the second quarter of 2024, signalling improved labour market conditions. According to the latest report released on Monday by the National Bureau of Statistics, this marked a

Business
Nigeria, Morocco, ECOWAS Advance Talks on $26 Billion African Gas Pipeline Project

Nigeria, Morocco, ECOWAS Advance Talks on $26 Billion African Gas Pipeline Project

The federal government, alongside the Economic Community of West African States (ECOWAS), Morocco, and Mauritania, have reaffirmed their commitment to advancing the $26 billion African Atlantic Gas Pipeline project. The announcement was made at the

Business
Nigeria Lost $8 Billion to Forex Subsidy in Three Years – World Bank

Nigeria Lost $8 Billion to Forex Subsidy in Three Years – World Bank

The World Bank says Nigeria’s government lost N13.2 trillion because of how it managed foreign exchange between 2021 and 2023. The losses broke down like this: N2 trillion in 2021, N6.2 trillion in 2022, and

Business
Nigeria-USA Trade Hits $10 Billion

Nigeria-USA Trade Hits $10 Billion

The trade relationship between the United States and Nigeria is now worth $10 billion per year, according to Will Stevens, the U.S. Consul-General in Lagos, Nigeria. Stevens shared this information at a workshop in Lagos

Business
Nigeria: Nigeria and Ericsson Collaborate on 5G Innovation Lab

Nigeria: Nigeria and Ericsson Collaborate on 5G Innovation Lab

Nigeria has partnered with Swedish telecom giant Ericsson to establish a 5G Innovation Lab, aiming to advance the country’s digital infrastructure. The Memorandum of Understanding (MoU) was revealed by Vice President Kashim Shettima’s spokesman, Stanley

Business
Nigerian Inflation Quickens for the First Time in Three Months

Nigerian Inflation Quickens for the First Time in Three Months

In September, Nigeria's annual inflation rate rose for the first time in three months, fueled by higher gasoline prices and severe flooding in food-producing areas. The EU will finance Ukraine €35 billion, which will be