Nigeria

Diplomacy appears to be failing in resolving the impasse between Nigeria and South Africa following unrelenting xenophobic attacks on Nigerians and some other Africans.

There are publications that merely document an industry, and there are those that attempt to shape its future. The maiden edition of the NIBSS Digest, appropriately themed “Redefining the Future of Payments,” belongs more convincingly to the second category.

Vice President Kashim Shettima has reaffirmed Nigeria’s commitment to the World Trade Organisation (WTO) and the multilateral trading system.

Nigeria’s Minister of Communications, Innovation and Digital Economy, Bosun Tijani, has withdrawn from the race for Deputy Secretary-General of the International Telecommunication Union (ITU).

Vice President Kashim Shettima has arrived in New Delhi, India, to represent President Bola Tinubu at the 18th BRICS Leaders’ Summit, taking Nigeria’s economic diplomacy drive to a major platform of emerging economies.

Diesel prices in the United States have crossed $6 per gallon for the first time, highlighting the growing inflationary impact of the global energy supply shock.

Nigeria’s $337 billion climate financing requirement puts the spotlight on private capital, bankable projects and whether its green ambitions can deliver jobs and economic growth.

Nigeria has been urged to measure FDI by actual capital deployment rather than investment announcements. Experts say jobs, technology transfer, exports and local supply-chain participation should be key measures of success. Policy uncertainty, regulatory complexity and infrastructure constraints...

Nigeria’s baby-cost crisis is thrown into sharper relief by the ₦70,000 national minimum wage, which gives a minimum-wage worker an annual gross income of ₦840,000.

Telecommunication giant Glo added about 1.3 million internet subscribers in May, the highest among Nigeria’s major telcos.