Godwin Okafor

New York

CEO and Publisher at Naija247News

CEO/Publisher Naija247news Media Group

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Articles

Nigerian Stock Market Sheds N21bn as Profit-Taking Triggers 0.03% Dip in All-Share Index “Latest Naira Dollar Rate News – Naija247news”

1 week ago | naija247news.com | Godwin Okafor

NGX Opens Week on Bearish Note as Market Loses N21bn Amid Profit-Taking PressureThank you for reading this post, don't forget to subscribe!Lagos, April 14, 2025 – Naija247news – The Nigerian stock market kicked off the new trading week in the red, shedding N21 billion in market capitalisation due to widespread profit-taking and sell pressure across key sectors.
Nigeria’s Dollar Debt Costs Surge by 150bps Amid Global Trade Tensions – Analysts Warn of Capital Flight Risk “Latest Naira Dollar Rate News – Naija247news”

2 weeks ago | naija247news.com | Godwin Okafor

Abuja, April 8, 2025 (Naija247news) – Nigeria is facing increased borrowing costs and heightened capital outflow risks as fallout from global trade tensions continues to squeeze Africa’s debt markets, analysts say. Thank you for reading this post, don't forget to subscribe!According to data from Bloomberg and the Debt Management Office (DMO), yields on Nigeria’s Eurobonds have surged by as much as 150 basis points since the U.S.–China trade war triggered a wave of risk aversion in global markets.
Nigeria’s Sovereign Wealth Fund Reports 59% Profit Surge, Driven by Currency and Asset Gains “Latest Naira Dollar Rate News – Naija247news”

3 weeks ago | naija247news.com | Godwin Okafor

The Nigeria Sovereign Investment Authority (NSIA), which oversees the country’s Sovereign Wealth Fund (SWF), has announced a remarkable financial performance for the 2023 fiscal year. Thank you for reading this post, don't forget to subscribe!The Authority’s total comprehensive income surged by an impressive 1,122%, reaching ₦1.18 trillion, up from ₦96.96 billion in 2022.
Nigeria Moves Closer to Restructuring as Bill Granting States Control Over Natural Resources Passes Second Reading “Latest Naira Dollar Rate News – Naija247news”

4 weeks ago | naija247news.com | Godwin Okafor

By Godwin Okafor | March 27, 2025Thank you for reading this post, don't forget to subscribe!Abuja, Nigeria – A significant step toward restructuring Nigeria was taken on Wednesday as a bill seeking to amend the 1999 Constitution to grant states control over natural resources, including oil fields, minerals, and natural gas, passed its second reading in the House of Representatives.
Nigeria’s Federal Government Offers ₦300bn FGN Bonds for Subscription by Auction “Latest Naira Dollar Rate News – Naija247news”

1 month ago | naija247news.com | Godwin Okafor

The Federal Government of Nigeria (FGN) has announced a public offer for the subscription of two re-opened Federal Government of Nigeria (FGN) bonds, totaling ₦300 billion. The auction, managed by the Debt Management Office (DMO), is part of the government’s domestic borrowing strategy aimed at financing budget deficits and supporting infrastructure development.
“Nigeria’s Credit Crunch Deepens as Naira Devaluation, Rising Defaults Cause 13.99% Drop in Lending” “Latest Naira Dollar Rate News – Naija247news”

1 month ago | naija247news.com | Godwin Okafor

Nigerian Banks Cut Lending by 13.99%—How the Credit Freeze is Impacting BusinessesThank you for reading this post, don't forget to subscribe!At the start of 2025, Nigerian businesses were thrown into turmoil as banks drastically slashed credit to both the private sector and the government. Net domestic credit fell by a staggering 13.99%, from ₦155.5 trillion in November 2024 to ₦99.4 trillion in January 2025. For many entrepreneurs, this sharp contraction has been a major blow.
Nigeria Risks $110bn Food Import Bill as 60% of Youth Could Farm on 84 Million Hectares of Arable Land with Proper Support, Experts Say “Latest Naira Dollar Rate News – Naija247news”

1 month ago | naija247news.com | Godwin Okafor

The Dire State of Poverty and HungerYouth Empowerment and Digital AgricultureSecurity Infrastructure: Military Base around FarmlandsThe Digital Agriculture RevolutionThe Path ForwardNigeria’s agricultural sector is at a critical crossroads, with the nation at risk of spending an alarming $110 billion on food imports by 2025 unless it adopts and strengthens digital agricultural solutions.
INTERVIEW: Deepwater Investments and Local Oil Players to Drive Nigeria’s Energy Future – Verheijen “Latest Naira Dollar Rate News – Naija247news”

1 month ago | naija247news.com | Godwin Okafor

Nigeria Targets 2 Million B/D Crude Production in 2025Thank you for reading this post, don't forget to subscribe!Local Oil Firms to Drive Economic DiversificationIOCs Focus on Gas and Deepwater Oil for Long-Term GrowthNigeria is poised to ramp up crude oil production to 2 million barrels per day (b/d) by 2025, driven by a strategic shift from international oil majors to local producers, said Olu Verheijen, Special Adviser on Energy to President Bola Ahmed Tinubu.
5.5 Million Nigerians Lack Health Insurance as Out-of-Pocket Medical Costs Surge “Latest Naira Dollar Rate News – Naija247news”

1 month ago | naija247news.com | Godwin Okafor

Nigeria’s healthcare sector continues to be weighed down by the burden of rising medical costs and inadequate health insurance coverage. According to the 2024 State of Health of Nigerians Report by the Federal Ministry of Health and Social Welfare, only 19 million Nigerians—roughly 9.5% of the population—are covered by health insurance. This leaves the vast majority to rely on direct out-of-pocket payments, contributing to one of the highest rates of healthcare expenditure in Africa.
Can Nigerians Rely on Traditional Medicine and Local Pharmaceutical Companies to Counter HIV Drug Shortages? “Latest Naira Dollar Rate News – Naija247news”

1 month ago | naija247news.com | Godwin Okafor

As Nigeria faces significant challenges in ensuring access to life-saving HIV medications, many are left grappling with the consequences of delays in drug supply and rising prices. In the absence of immediate solutions, some Nigerians have turned to traditional medicine and local herbal remedies in hopes of counteracting the shortages. However, experts and health advocates stress that these alternatives are not substitutes for proven antiretroviral (ARV) treatments.

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Godwin Okafor

Articles

Nigerian Stock Market Sheds N21bn as Profit-Taking Triggers 0.03% Dip in All-Share Index “Latest Naira Dollar Rate News – Naija247news”

Nigeria’s Dollar Debt Costs Surge by 150bps Amid Global Trade Tensions – Analysts Warn of Capital Flight Risk “Latest Naira Dollar Rate News – Naija247news”

Nigeria’s Sovereign Wealth Fund Reports 59% Profit Surge, Driven by Currency and Asset Gains “Latest Naira Dollar Rate News – Naija247news”

Nigeria Moves Closer to Restructuring as Bill Granting States Control Over Natural Resources Passes Second Reading “Latest Naira Dollar Rate News – Naija247news”

Nigeria’s Federal Government Offers ₦300bn FGN Bonds for Subscription by Auction “Latest Naira Dollar Rate News – Naija247news”

“Nigeria’s Credit Crunch Deepens as Naira Devaluation, Rising Defaults Cause 13.99% Drop in Lending” “Latest Naira Dollar Rate News – Naija247news”

Nigeria Risks $110bn Food Import Bill as 60% of Youth Could Farm on 84 Million Hectares of Arable Land with Proper Support, Experts Say “Latest Naira Dollar Rate News – Naija247news”

INTERVIEW: Deepwater Investments and Local Oil Players to Drive Nigeria’s Energy Future – Verheijen “Latest Naira Dollar Rate News – Naija247news”

5.5 Million Nigerians Lack Health Insurance as Out-of-Pocket Medical Costs Surge “Latest Naira Dollar Rate News – Naija247news”

Can Nigerians Rely on Traditional Medicine and Local Pharmaceutical Companies to Counter HIV Drug Shortages? “Latest Naira Dollar Rate News – Naija247news”

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