Monday, February 19, 2018
Economy

Economy

Read the latest Economy news from Nigeria and Africa

Agriculture Minister Suggests Cassava as the Rescue Option for the Nigerian Economy

Cassava is a crop which depends on the stem for its propagation, but the yield comes from the root as tuber. And cassava tuber are used in making some local food commodities, which are...

Nigeria Hits Bottom Dollar – Literally

By Adrienne Klasa Nigeria is faltering — and investors are voting on Africa’s largest economy with their pocketbooks. Low oil prices, historically poor fiscal management, restrictive monetary policy and import bans have combined to reduce capital entering...

The Merits and Demerits of Nigeria Joining the Islamic Coalition to Fight Against Terrorism

An organization was established among the Islāmic countries to fight against terror, led by Saudi Arabia, as announced through the Saudi Defense Minister; Mohammed Bin Salman, December 15, 2015. Members of the organization comprise of...

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...

Britain Criticized For Helping Nigeria Launch into Space (Video)

The British Government has been slammed for giving billions to African countries which plan to have astronauts in space by 2030. Figures released last week show that Nigeria received £1 billion in foreign aid intended...

Manufacturing Sector Records 6.93% Growth In Q4 2015

The manufacturing sector of the economy recorded a growth of 6.93 per cent in the fourth quarter of last year amid lack of significant credit advance from the banking sector. The growth was 2.13...

Local Firms Shrink Due to Shortage of Electric Power Supply and Harsh Fund Policy...

The general closure of private firms has become common as a result of the epileptic consistency of two basic components: knowledge of the official foreign exchange rates from banks and electricity supply. The President of the Kaduna Chamber...

Our Business Grows in Nigeria Due to Increase in Population – Says MoneyGram

Both existing and new investors have different perspectives on Nigeria’s current economic situation. Some don't see much for long-term change, which means continued fuel crisis, naira depreciation, and a need for an exit strategy. Some...
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Niger Delta Avengers, The Nigerian Federal Government, and A Way Forward

There are severe problems to contend with between the Niger Delta Avengers and the Federal Government under the leadership of President Muhammadu Buhari over the blowing up of oil and gas pipelines in the...

Nigerians Banned From Using Credit Cards Abroad

Nigeria's central bank has ordered commercial banks to stop customers from using their debit and credit cards abroad, a source has told the BBC. The ban takes effect January 1, 2016. One bank has emailed...

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...