Economist, Professor Bongo Adi, has warned that while data show Nigeria's economy is growing, the citizens with harsh economic conditions that continue to impoverish them. Adi stated this while commenting on the World Bank Report released on Wednesday. According to the report, the World Bank has upgraded Nigeria’s 2025 economic growth forecast to 4.2 per …
The World Bank has said that the persisting hike in food prices is undermining the significant progress the Nigerian government has made to stabilise the country’s economy through its recent policy reforms, urging the authorities to do more to improve living standards and tackle soaring food prices. It pointed at this in its latest report, …
The World Bank has revealed that despite Nigeria’s recent reform gains, an estimated 139 million citizens still live in poverty. Speaking at the launch of the latest Nigeria Development Update (NDU) report in Abuja on Wednesday, the Bank’s Country Director for Nigeria, Mathew Verghis, commended the federal government for implementing bold macroeconomic reforms, including the …
Africa’s economic sovereignty is again under the spotlight following former President Olusegun Obasanjo’s warning against over-reliance on the International Monetary Fund (IMF) and World Bank. The ex-president’s comments, made at the Intra-Africa Trade Fair in Algeria, have sparked widespread debate, drawing reactions from economists, civil society actors, and ordinary Nigerians. “The World Bank is not …
The Nigerian Communications Commission (NCC) has stepped up efforts to protect the nation’s telecom infrastructure with a new cybersecurity framework set to take effect in early 2026. Speaking at the second phase of its cybersecurity stakeholder workshop in Abuja, NCC’s Executive Commissioner, Technical Services, Abraham Oshadami, said the framework targets the growing wave of cyber …
