Monday, September 25, 2017
Economy

Economy

Read the latest Economy news from Nigeria and Africa

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...

Science and Technology Hold the Key to Nigeria Reaching its Full Potential

Nigerian President Muhammadu Buhari must make science and technology a priority if the populous West African country hopes to flex its economic muscle.

Northern Elders Blame Buhari for Lack of Equity in the 2016 Budget and Shortages...

Nigeria's "claim to fame" in terms of large economic growth as a West African country was due in part to the resources present in the Northern region of the country even before attaining independence in the...

The Nigerian Business Atmosphere for the Week

The economy of Nigeria leaves much to be desired one year after President Muhammadu Buhari took over the helm of affairs.  Stock Market lost N1.732tn in one year under Buhari The Nigerian Stock Exchange crashed by N1.73tn within...

Eko Atlantic City “Nigeria’s Tourist Heaven” 

Nigeria is looking to diversify its economy away from oil. The federal government plans to build Eko Atlantic City as part of the diversification process. Minister of Information and Culture, Alhaji Lai Mohammed, has said...

EXCLUSIVE: Environmental News Nigeria; Giving a Voice to Rural Communities

"Journalism should have a conscious", said Augustina Armstrong-Ogbonna. On a Saturday afternoon, two weeks ago, Nigerianreporter.com got the opportunity to speak with Augustina Armstrong-Ogbonna a Nigerian journalist who won the United Nations Foundation (UNF) gold...

Corruption, an Arms Deal Gone Wrong and Osinbajo States Nigeria Has Lost $15bn

Vice President, Yemi Osinbajo, on Monday disclosed that a mind-boggling sum of $15bn lost to corruption in security equipment procurement had adversely affected the economy of the country. Osinbajo vowed that this administration would not spare any...

Dangote Cement Industry Increases Job Opportunities in Ghana

A few years after the Dangote Group extended its cement manufacturing branch to Ghana, the firm has announced the highly accelerated growth that was achieved in Ghana. As matter of fact, an urgent need of...

Naira Stable but Only for the Short-Term; Learn Why

The depreciation of the naira is unlikely in the next coming months. Shortly after the fall and rise of the nations's currency The Central Bank of Nigeria's Governor Godwin Emefiele committed to "currency stability."...

MEND Condemns Avengers Attacks on Oil and Gas Pipelines in the Niger Delta

This may be good music to the ears of the federal government as the Movement for the Emancipation of the Niger Delta, MEND, a militant group that was responsible for many attacks on oil...

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...