Navigating headwinds facing Nigeria’s economy
By Reuters
28 July 2022 |
5:47 am
Nigeria’s economy witnessed some upheavals in the first half of the year; from rising energy costs and inflation to currency volatility, and lower revenue.
Related
19 Nov
The U.S. economy is “headed for a hard landing,” UBS economists say in a report, noting that, “Household spending has been weak. Households are running down savings. Credit card balances are rising. Goods spending remains very elevated.
16 Nov
Hundreds of thousands of homes have been destroyed and communities left stranded in Nigeria's worst flooding in years. DW's Flourish Chukwurah traveled to Tombia, a town in Bayelsa State, whose residents have largely been displaced by the floodwaters.
17 Nov
Germany has upped its ambitions on a global green hydrogen scheme. The fuel has been touted as a solution to help slash CO2 emissions. What is the hype all about?
22 Nov
A Nigerian court has convicted two young men for a comedy skit on the social media platform TikTok. The skit was to taunt the governor of the Kano State and even though it was meant to be satirical, the court deemed it defamatory. The two comedians spent a few days in prison and received 20 lashes as part of their punishment.
17 Nov
Aid is slowly coming to southern Nigeria after the biggest floods since 2012 killed more than 600 people and affected nearly 3 million others, according to official figures. Many have fled their homes, including to overcrowded displacement camps. This year's rainy season is one of the deadliest in the West African country's history.
26 Nov
An NGO is trying to bring access to reliable electricity by implementing small solar systems to make villages independent from the national grid. Importantly, they also show locals how to maintain the systems.
21 Nov
This week, we're focusing on Qatar and asking what the economic impact of hosting the FIFA World Cup could be. Can this be a transformative event for the gas-dependent country? Or will it be a financial abyss worth an estimated $200 billion? We ask Alexis Antoniades, an economics professor at Georgetown University’s campus in Qatar.
21 Nov
An NGO is trying to bring access to reliable electricity by implementing small solar systems to make villages independent from the national grid. Importantly, they also show locals how to maintain the systems.
2 Dec
Fears of violence are surging ahead of Nigeria's 2023 general elections. Widespread insecurity as well as economic and environmental challenges represent a threat to the upcoming polls.
11 Dec
Boxing is rapidly gaining traction among young Nigerians — and female boxers have not been left behind. Sekinat Quadri, has her heart set on boxing professionally. She is only 11 years old but has bagged several bouts in different categories.
24 Nov
Nigeria launched oil and gas drilling for the first time in the country's north on Tuesday, as it seeks to diversify away from the oil-rich Niger Delta.
29 Nov
London's Horniman Museum signed over ownership of 72 artefacts, looted by British soldiers in 1897, to the Nigerian government on Monday.
Latest
1 hour ago
The top envoys said they wanted African countries to be part of a more unified front against Russia. Many African nations have shown a reluctance to condemn Russia's invasion.
1 hour ago
In northern Sweden, EU and Swedish officials have inaugurated the first spaceport for satellite launches on the European Union mainland.
1 hour ago
Sierra Leone, Guinea, and Liberia are grappling with an increasing number of young people becoming addicted to a substance known as kush or K2. Abuse of the drug has already killed several people in the region.
1 day ago
Pressure is growing on Germany to send Leopard 2 battle tanks to Ukraine. Chancellor Scholz doesn't want to commit just yet, partly because he's playing to his party, the Social Democrats. An analysis by Sabine Kinkartz.
1 day ago
Hundreds of people gather weekly at the East Nile Wrestling Stadium in Sudan to watch Nuba wrestling, a popular sport within the country aiming to gain global recognition.
1 day ago
Following the mass shooting in California's Monterey Park, users on social media falsely claimed that many people were injured during an attack in New York on January 22. The picture used in the post is actually from a 2017 failed suicide bomb attack. We tell you more in this edition of Truth or Fake.