Saturday, October 1, 2016
Economy

Economy

Read the latest Economy news from Nigeria and Africa

Breaking news from Nigeria and Africa

BREAKING NEWS: Nigeria May be in Recession After 2nd Quarter GDP Release

The Gross Domestic Product (GDP) for the second quarter of the year has been released by the National Bureau of Statistics (NBS) today. As stated on the official site of the NBS “In the...

Nigeria’s Economic Woes; Who’s to blame?

Ever since the “change administration” of President Muhammadu Buhari began, Nigeria has been through some heavy economic and financial woes. Despite different plans and policies, nothing seems to be quite working, as the economy has...

Federal Government Begins Actualization of Capital Projects with N400 Billion

The Nigerian government has commenced the stipulated plans in the 2016 budget to liberate the economy of the nation. The government has released the total sum of N400 billion to implement capital projects across...

Corruption Won’t Be Accepted in My Administration – Buhari

Nigeria's President Muhammadu Buhari has reiterated that his war against corruption in the country won't be compromised regardless of any pressure that may arise. He gave this statement through his Special Adviser on Media and...

President Buhari Seeks the Support of Wealthy Nations to Rescue Lake Chad from Extinction

Lake Chad is a large shallow water body in West Africa which gained much popularity due to its economic importance enjoyed by citizens of four major countries that border the lake. Many people from Nigeria,...

What Does Oil Vandalism Mean for the Nigerian Economy?

Oil is Nigeria's major source of revenue and the attacks on oil installations (majorly in the Niger Delta region of the country) has greatly affected the nation's economy and supply of crude oil product...

An Ordinary Man’s Understanding of Nigeria’s “Technical Recession”

On Thursday July 21st 2016 Nigeria's Finance Minister, Kemi Adeosun revealed that the country was in a “technical recession” while addressing members of the senate. A bag of rice as at last year cost about 7,500NGN...

Nigeria: The Naira Needs to be Devalued Even More According to Economists

By Elena Holodny Nigeria finally did the painful thing everyone said it had to do: On June 20, it unpegged the naira from the US dollar and promised to pursue a flexible exchange rate system. The currency fell by...

Japan and Nigeria to Collaborate on Cultural Exchange, Film Industry

Japanese Ambassador to Nigeria Sadanobu Kusaoke, on Thursday, said his country would like to collaborate with Nigeria's Ministry of Information and Culture in the area of cultural exchange and film. Ambassador Kusaoke said he would want...

This Week’s Focus on the Financial Sector

The report from the Nigerian Stock Exchange for last week implies that the country's financial sector performed woefully because of the long bank holiday from Tuesday to Thursday in commemoration of Eid al-Fitr for 2016....

Latest Nigerian News

Nigeria @ 56: Economic Recession Won’t Last For Long, Buhari Appeals...

President Muhammadu Buhari has assured Nigerians that his administration would find a lasting solution to the economic recession. Buhari made this known during his Independence...