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Economy
Economy of Nigeria, Nigerian Economy. Economy news in Nigeria. Finance and Market Intelligence news and analysis. Major Economic drivers include Crude Oil, coal, tin. Nigerian Economy – GDP, PPP, GNP, Inflation Rate.
Belt and Road: FG to explore new areas of trade relations with China
The Federal Government may have mapped out strategies on how to maximise the plethora of trade and investment opportunities being offered by trade cooperation with the People's Republic of…
ICPC rates NEPZA high on procurement process
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has rated high the performance of the Nigeria Export Processing Zones Authority (NEPZA) in procurement…
FG yet to get effective formula for implementation of subsidy removal – Ahmed
Minister of Finance, Zainab Ahmed on Wednesday said Nigeria’s efforts to exit fuel subsidy regime was being frustrated by absence of an effective formula that works for the country.
The…
Reps receives 2019 budget report
The House of Representatives Wednesday received the report of the 2019 budget from its standing Committee on Appropriation.
The report was laid by the Chairman, House Committee on…
Afreximbank, AU, to create digital ecosystem for trade finance flows
The African Export-Import Bank (Afreximbank) is working, with the support of African Union (AU), to create a digital ecosystem that will eliminate the major bottlenecks to trade finance…
Nigeria’s inflation slows to 6-month low at 11.25% in March
Nigeria’s inflation rate has decelerated for the third consecutive month in March 2019 to reach its lowest level in six months, latest Consumer Price Index (CPI) data from the…
Updated: AfDB approves $15m investment package for InfraCredit
The Board of the African Development Bank has approved a $15-million investment package to Infrastructure Credit Guarantee Company (InfraCredit) to support infrastructure financing through…
IMF has backpedalled, but can Nigeria save for future generations?
Last week, it was reported that the International Monetary Fund (IMF) ranked Nigeria’s Sovereign Wealth Fund (SWF) as the second-worst managed, after Qatar’s, but the Washington-based…
Neither oil rally nor IMF upgrade is enough for Nigeria stocks
Africa’s largest oil producer is short of worthy catalysts to inspire confidence in its economy.
Nigeria has often been able to paper over deep cracks in its dysfunctional economy if oil…
We have not taken any foreign loans in my 4-year tenure- Ambode
Outgoing Lagos State governor, Akinwunmi Ambode, says his four-year administration took no foreign loans despite the pressure on the state’s Internally Generated Revenue (IGR) due to massive…