No less than N1.3 trillion ($4.3 billion or €3.8 billion) was spent by the Nigeria on the importation of rice, fish, sugar and wheat in the last 12 months, the Central Bank of Nigeria (CBN) said on Tuesday. The bank’s Deputy Governor, Corporate Services, Edward Lametek, spoke at a seminar organised for Finance reporters in Owerri, Imo State. Speaking on …

The Nigerians in Diaspora Commission (NIDCOM) has condemned, what it described as “renewed attacks on Nigerian traders” in Ghana, describing it as unnecessary. A bloody clash between Ghanaian and Nigerian traders occurred at Kwame Nkrumah Circle in Accra on Monday morning. Three persons, according to the Ghanaian police, were injured during the clash, following the forcible closure of shops belonging …

As the government of President Muhammed seeks the approval of the country’s parliament to borrow $30 billion from external creditors, a group of Nigerians will gather at the headquarters of the World Bank on 6 December to protest against the new loans. According to the Global Coalition for Security and Democracy, Nigeria could be economically colonised if the rate of …