Economy
External reserves fall below $47bn, lowest since April
The nation’s foreign exchange reserves have dropped below $47bn, losing $251m in the first six days of the month, data...
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Nigeria: Economic Reforms Suffer As Politics Take Centre Stage
The elevated political tension observed in the country ahead of the 2019 general election is negatively affecting major reforms expected...
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World Bank plans $4.5bn project funding for Nigeria
The World Bank at the weekend said it was planning to increase its funding to Nigeria by $4.5 billion over...
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Economic diversification: NNPC in fresh partnership with Indian group
In line with the Federal Government aspiration to diversify the nation’s economy, the Nigerian National Petroleum Corporation (NNPC) has firmed...
Read moreWhy Nigeria is key to Africa’s growth, by World Bank
Unless Nigeria, the most populous country in Africa, experiences growth, development will continue to elude the continent, the World Bank...
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Economic reforms: $84bn investments recorded in 18 months — Osinbajo
An update received from the office of the Vice President of Nigeria on the state of foreign investment inflow into...
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CBN injects $210m into forex market, supports SMEs
The Central Bank of Nigeria on Tuesday injected $210m into the foreign exchange market to meet customers’ requests in various...
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NBS: National Disposable Income Declined by 1.52% in 2017
The National Disposable Income ( NDI) in Nigeria declined by 1.52 per cent in 2017, largely due to the continuous...
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World Bank portfolio in Nigeria rises to $8.52bn
Nigeria’s liabilities to the World Bank Group now stands at $8.52bn, investigation has shown. Statistics obtained from the Debt Management...
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Oil, gas free zones critical for Nigeria’s economic growth – OGFZA boss
The Managing Director/Chief Executive Officer, Oil and Gas Free Zones Authority (OGFZA), Umana Okon Umana, has said the OGFZA is...
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