Wednesday, September 19, 2018
Economy

Economy

Read the latest Economy news from Nigeria and Africa

#Brexit Might Bring Changes to the Lives of Nigerians Living in Britain

The decision of British people to leave the European Union after Thursday’s referendum is about to bring changes to the lives of Nigerians living or studying in Britain. Now a visa would be required of EU...

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...

Analysts Say Nigeria is Headed for an Economic Crisis

Nigeria's economic crisis is getting worse. On Friday the Nigerian Bureau of Statistics revealed that the country's economy shrank by 0.4% year-over-year in the first quarter — way worse than expected. Economists were expecting the country...

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...

Where is Africa’s Middle Class, and How Can We End Vulnerability to Poverty?

A thriving middle class is the only way to lift hundreds of millions of Africans out of abject poverty through inclusive social and economic policies that work for all.

Criminalizing Nigerian Citizens While Lacking Social Amenities

The Inspector General of the Nigerian Police Force has called for the arrest of anyone who sells or buys Premium Motor Spirit (PMS) also known as Petrol in plastic containers because of the activities...

Nigeria: Power Generation Crashed to 0MW 6 Times in May

According to recent data from the Power Ministry, Nigeria's power generation plunged to zero megawatts six times in the last month. Reports say the system suffered a total collapse six times and a partial collapse...

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...

The Nigerian Business Climate is Still Foggy – Week in Review

The business climate in Nigeria for 2016 is still hazy despite the ratification of the 2016 budget by President Muhammadu Buhari. Here is an ex-ray on the economy, and some deductive forecasts. FOREX UTILIZATION The Central Bank of...

Nigeria’s Housing Market, Affordable Homes, and What Fashola’s Plans Are

Nigeria's housing market Despite being the largest economy in Africa, Nigeria’s housing and construction sector only accounts for about 3.1% of GDP,  according to a Global Property Guide study from 2014. Housing construction is about 100,000 units...

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...