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...

Security Challenges Changed Uganda’s Plan of Passing an Oil Pipeline Through Kenya

Kenya and Tanzania are very close countries in the eastern part of Africa. These two countries are interlocked by Uganda, thereby making the three countries form a bow-like piece of land with Burundi and Rwanda...

Lagos Hosts Youth Entrepreneurship Summit July 12

Moving forward despite struggles to stabilize the Nigerian economy,  different skill acquisition programs have been set up by several individuals to assist in actualizing more sustainable economic value in the country. Many of these programs were...

Chinese Investors Build Pharmaceutical Park in Ogun State; 4,5000 Nigerians Employed

The Ogun State government and investors from China have signed a Memorandum of Understanding for the establishment of $1 billion hi-tech pharmaceutical park, hospital and a drug manufacturing industry for in the Free Trade...

Nigerian Business and Economy – Week in Review

The Nigerian economy is being tested on many sides, at the moment, everyone is equally looking forward to how things will turn in the second quarter of the year. Our reporter, Olutayo Irantiola, examined...

Nigerian Business Guide in Perspective

The last week has brought about unprecedented change in the Nigerian business community as the price of Premium Motor Spirit (PMS) was increased by N58.50 per liter. This has resulted in inflation in the price...

MTN Fine Saga: Not A Deterrent to Nigerian-South African Relationship

So much may have been said concerning the relationship between Nigeria and South Africa, that makes it look as if both countries are in divine cohesion. Regardless of the diplomatic relationship which binds both countries...

Christine Lagarde: No IMF Program Needed in Nigeria

Receiving the Managing Director of the International Monetary Fund (IMF), Christine Lagarde at the Presidential Villa, President Buhari said that his administration will also enforce greater discipline, probity and accountability in all revenue generating...

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...

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,...

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...