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...President Bola Tinubu’s government has been trying to attract overseas investment to boost the country’s struggling economy with a series of market-friendly reforms....
...“The federal government of Nigeria, like other governments around the world, has been investigating money laundering and terrorism financing transactions perpetrated on the Binance currency exchange platform...
...In contrast to the portrayal of Nigeria as a “failing state” in the FT (“Nigeria’s kidnapping racket is a symptom of a failing state”, FT View, March 13), the country is experiencing a period of pivotal...
...Ever since Nigeria moved its capital to Abuja three decades ago, Africa’s most populous nation has been run from Aso Rock, a 400-metre granite monolith that doubles as the seat of government....
...More than 130 schoolchildren who were kidnapped in northern Nigeria have been freed, according to government officials, giving Africa’s most populous country a temporary reprieve from its growing security...
...Before the west African country went to the polls last year, the IMF recommended that Nigeria’s government “permanently remove fuel subsidies through the introduction of a market-based pricing mechanism”...
...The request is at the centre of negotiations between Binance and Nigeria, which sees the company as a crucial link undermining government efforts to stabilise its currency, the naira....
...The IMF estimates that 8 per cent of Nigeria’s almost 200mn people are food insecure, and this month urged the government to tackle the issue as an “immediate policy priority”....
...Authorities in Nigeria have blocked access to some of the world’s largest cryptocurrency exchanges as the government tries to crack down on currency speculation while the naira tumbles to record lows....
...The Nigeria Labour Congress, an umbrella organisation for trade unions, began a two-day strike on Tuesday, demanding better working conditions including an increase in the minimum wage, an improvement of...
...They considered him a champion of domestic industry as the country’s largest employer outside of the federal government and one of the country’s highest taxpayers....
...A senior western diplomat whose country has companies operating in Nigeria told the Financial Times that businesses remain unconvinced by the government’s announcements of potential dollar inflows to ease...
...Successive Nigerian governments have failed to stem the tide of violence....
...Emefiele — who ran the Central Bank of Nigeria for nine years until last year — operated a highly contentious multiple exchange rate regime that a special investigator appointed by Nigeria’s president alleges...
...McKinsey’s revenues as a prime contractor to the federal government fell to $54.9mn in the fiscal year to September 30, from $71.1mn the previous year, according to a government database....
...Nigeria’s economic reforms need to regain momentum Obesity drugmaker’s expansion raises dominance worries for Denmark Personal finance How can we defuse the household debt time bomb?...
...The federal government would “pay for the entire cost” of reconstructing the bridge, the president said in a news conference on Tuesday, and was preparing to send the state of Maryland “all the federal resources...
...Nigeria’s armed forces, which are supported by the US, UK and other western governments, have been accused of numerous human rights violations, the use of excessive force and a lack of accountability....
...Nigeria has won an appeal against an award to a little-known energy contractor, ending years of wrangling that put Africa’s largest economy at risk of having to pay out $11bn....
...Kaduna governor Uba Sani said the authorities would do “whatever we need to do to ensure the safe return of these children”. Nigeria’s government has not yet commented on the situation....
...It’s part of a stand-off between Binance and Nigeria, which is holding two Binance executives until a hearing on March 20....
...to documents unsealed on Monday in federal court in Miami....
...the 66-year-old Dangote is not exactly in the good graces of the government of the day....
...Plus, Nigeria is in the middle of a currency crisis and the government is blaming Binance for a lot of it....
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