The World Bank on Thursday approved the Nigeria State Action on Business Enabling Reforms (SABER) Program-for-Results. The $750 million International Development Association (IDA) credit will help Nigeria accelerate the implementation of critical actions that will improve the business enabling environment in states. Nigeria has made progress in advancing reforms to eliminate constraints in the business […]
The Federal Government on Monday blamed Nigeria’s inability to explore the revenue opportunities of the current rising crude oil prices in the international market on prolonged years of neglect of the nation’s hydrocarbon resources industry. The Minister of Information and Culture, Alhaji Lai Mohammed, who made this remark at a media briefing in Abuja, lamented […]
The World Bank has reported that Nigeria now ranked 131st position in the global Ease of Doing Business, indicating that the country moved up by 15 places from the 146 position it was ranked in 2019. The Breton Wood institution stated this in its latest Ease of Doing Business ranking report published on Thursday. The report indicated that amongst the factors that influenced the country’s […]
The World Bank on Thursday advised states in the country to sustain their reform initiatives aimed at improving the ease of doing business for domestic small and medium enterprises in their domains. The advice was based on the findings of the multilateral financial institution’s latest edition of it’s Doing Business in Nigeria report. The report, which […]
Nigeria’s foreign direct investment (FDI) inflows have continued to gain more traction following the ongoing economic policy reforms of the government with about $83.9 billion investments inflow into the economy from January 2017 and the end of the first quarter of this year. The evidence of the improved FDI inflows was contained in a report […]