Nigerian Economy Latest News Today

A family of six based in Abakaliki has cried out over the seizure of their farmland allegedly on the orders of Governor Dave Umahi of Ebonyi state without any form of agreement or compensation from the state government.

The forum which comprises of 120 community based associations, community based organizations, grassroots oriented institutions, students and pro-advocacy groups, stated that the move would ensure functional refineries.

The federal government says Nigeria's neighbour, the Republic of Benin, has not shown any remorse after its illegal trading forced the country to close its land borders.

The minister who spoke on the border closure by the Buhari's government, said most farmers in the country were currently smiling to the banks as a result of border closure.

Amine Mati, the IMF senior resident representative and mission chief for Nigeria has warned that Nigeria’s debt to GDP ratio at 28% has increased but is still below average in the sub-Saharan Africa and Africa region.

ECOWAS parliament has backed Nigeria’s decision to close its land borders in a bid to curb smuggling and other forms of illegal trade being done by neighbouring countries.