Wednesday, March 20, 2019
Economy

Economy

Read the latest Economy news from Nigeria and Africa

Moody’s Downgrades Nigeria’s Rating to B1 from Ba3; Assigns a Stable Outlook

Moody's downgrades Nigeria's sovereign issuer rating to B1 from Ba3; assigns a stable outlook Moody's Investors Service downgraded Nigeria's long-term issuer ratings to B1 from Ba3 as of this past Sunday and has assigned a...
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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...

Aliko Dangote May Soon Own Peugeot Nigeria

Africa's leading investor, Aliko Dangote has just made arrangements that could have him own the most stake in the Peugeot Automobile Company's Nigerian branch (PAN). Dangote, in collaboration with with Bank of Industry (BoI)...

Nigeria is Heading Towards Dictatorship – Says NLC Protester

On Wednesday, despite a court order, the Nigerian Labor Congress, (NLC) mobilized citizens in a peaceful protest across the country in opposition to the recent removal of the fuel subsidy and other government policies. The NLC...

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...

Nigeria’s Potential for Profitable and Eco-Friendly Growth

Contrary to the prevailing trend in Africa, Nigerian President Muhammadu Buhari’s government seems keen to focus on achieving many of the sustainable development goals.

Nigeria’s S&P Rating Has a Negative Outlook

As of the beginning of the second quarter, Standard & Poor’s credit rating for Nigeria stands at BB- this is a reduction from the B+ outlook last reported in the first quarter. Fitch’s credit rating...

Nigeria’s Unemployment Rate Reaches the Highest Level Since 2009

Nigeria's unemployment rate was recorded at 12.1 percent in the March quarter of 2016, up from 10.4 percent in the fourth quarter of 2015, reaching the highest level since December of 2009. The number of...

African Leaders at the 71st UN General Assembly; Is Change Coming or More of...

The United Nations hosts a General Assembly annually for the world's leaders to discuss pressing matters related to counter-terrorism, human rights, the environment, and an exhaustive list of other issues. Most important for the...

Nigerian Government Accuses Banks, CBN, BDCs over Weak Naira and Forex Scarcity

The Nigerian currency, the naira, has been suffering deficiency against the major Forex commodity, US dollar, as a result of scarcities which evolved from the low crude oil price. Many actions have been put in...

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...