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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.
With TraderMoni, FG is Spurring Productivity at the Grassroots
In line with the Federal Government’s plan to diversify the Nigerian economy beyond crude oil, attention has been turned to micro-businesses in the informal sector. Rather than focus solely…
Pakistan, Nigeria trade volume steadily improving – Envoy
The High Commissioner of the Islamic Republic of Pakistan to Nigeria, Waqar Ahmad Kingravi, a retired major general, says that the cordial bilateral relations between his country and Nigeria…
CBN issues guidance note to OFIs on implementation of IFRS9
The Central Bank of Nigeria (CBN) on Tuesday issued a guidance note on the implementation of International Financial Reporting Standard IFRS 9 to Other Financial Institutions (OFIs).
The…
Businesses confidence on macro economy decline by 22.1 points on election…
The overall confidence on the macro economy by Nigerian businesses declined to 22.1 index point in February compared to 25.9 points in January this year, due to uncertainties surrounding the…
Nigeria’s revenue authorities seen continuing tax activism
Despite a muted approach ahead of Nigeria’s general elections, the nation’s revenue authorities will no doubt continue with their plans to earn more revenue.
Last year witnessed a form of…
South Africa’s $368bn economy overtakes Nigeria’s $357bn – Rencap
South Africa released its Gross Domestic Product (GDP) for the fourth quarter of 2018 on Tuesday, March 5, 2019, with figures showing it has overtaken Nigeria as Africa’s biggest economy in…
CBN bans FX for textile import, plans single digit lending for sector
The Central Bank of Nigeria (CBN) on Tuesday announced a ban on Foreign Exchange (FX) access for the importation of all manner of textiles, as part of some important measures it would take…
Nigeria capable of earning $60bn annually from iron ore – geologist
Nigeria can earn about $60bn annually from iron deposits in the country, a consultant geologist has said.
This potential can only be realised if the resources are well managed, Oyewola…
Manufacturers yearn for energy, tax, port reforms in Buhari’s second term
A major regret of President Muhammadu Buhari when he first came to power in 2015 was that Nigeria was importing virtually everything from toothpick to tomatoes.
He then promised to change…
UK to inject £30m through new partnership with African Union Commission
The UK is set to inject up to £30 million into prosperity and security projects across Africa as it steps up its investment in the continent, Harriett Baldwin, minister of State for Africa…