Nigerian Economy Today

The human rights activist turned politician, Senator Shehu Sani, representing Kaduna central senatorial district in the Senate, painted a scenario comparing loans from China and the International Monetary Fund (IMF).

The Chief Judge of the FCT, Justice Ishaq Bello has warned that the incessant arrest of traders by the Abuja Environmental Protection Board (AEPB), police and other security agencies will push them to higher crime.

Nigeria's foreign debt, according to the National Bureau of Statistics (NBS), was 25.27 billion US dollars in 2018. The NBS reports revealed that Lagos state has the highest foreign debt profile among the 36 states and the FCT.

The International Monetary Fund (IMF) has cautioned Nigeria and other developing countries against taking loans from China due to unfavourable loan conditions.

Nigeria has been ranked by the International Monetary Fund (IMF) as the second worst country in the world in the use of sovereign wealth funds.

With the unrest and sanctions going in some OPEC nations, Venezuela, Libya and Iran respectively, the United States oil prices have climbed back above $64 a barrel, CNN reports.