Nigeria raises borrowing in budget as oil prices fall

Nigeria raises borrowing in budget as oil prices fall

Nigeria's president has announced plans to raise spending by 20% next year by borrowing heavily amid falling oil prices. In his first budget since his election victory in March, Muhammadu Buhari said he would spend $ 31bn (£20.8bn) in 2016 on …
Read more on BBC News



A radio show host may have fixed Nigeria's worst problem

Enter Nnaemeka Ikegwuonu, a radio presenter and social entrepreneur, with "Cold Hubs" – an enterprise that could transform millions of lives and the entire Nigerian economy. The start-up produces walk-in, solar-powered refrigeration units which extend …
Read more on CNN



Rising From The Ocean Floor, Developers Create New City In Nigeria

The number of people living in Nigeria's most populous city, Lagos, is set to double in coming years. Developers are creating a new city on what was until recently the ocean. It will cater to the super rich, which critics say will only exacerbate an …
Read more on NPR




Nigeria raises borrowing in budget as oil prices fall

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