Nigeria is preparing for a major economic shift as experts anticipate significant changes in the country’s Gross Domestic Product (GDP) following an upcoming rebasing exercise. This follows the recent release of rebased Consumer Price Index (CPI) figures by the National Bureau of Statistics (NBS), which showed inflation dropping from 32.5% in December 2024 to 24.5% in January 2025. The last time Nigeria rebased its GDP was in 2014, updating the base year from 1990 to 2010, which resulted in a sharp increase in reported GDP. With nearly a decade passed since then, the structure of Nigeria’s economy has evolved considerably.…
Author: Onu Akter
Onu Akter
Onu Akter is a dedicated freelance journalist at Coleman News, known for her insightful reporting and compelling storytelling. With a keen interest in a wide range of topics, including current affairs, technology, lifestyle, and personal development, she brings a unique perspective to every piece she writes. Onu’s commitment to delivering accurate, well-researched news ensures that readers stay informed and engaged. When she’s not covering stories, she explores new ideas and seeks fresh inspiration from the ever-evolving world around her.
After five years of strict border closures, North Korea has reopened its doors to international tourists. The move is seen as an effort to generate much-needed foreign currency to help revive the country’s struggling economy. However, leader Kim Jong-un has imposed strict regulations on foreign travelers to maintain control over their movements and activities. Why Has North Korea Reopened to Tourists? North Korea closed its borders at the start of the COVID-19 pandemic, making it one of the last countries to reopen to international visitors. The decision to welcome tourists again comes amid a deepening economic crisis exacerbated by prolonged…