PUNCH Primaries crises: Reps probe alleged abuses by political parties, INEC Widow wins husbands legislative seat before election El-Rufai appoints running mate, Hadiza, Senior Adviser-Counsellor PDP elders reaffirm Fayose as leader, urge support Nigerian banks must reform to survive fintech revolution Osinbajo Retirees payments stopped over empty pension accounts, PenCom intervenes US, France, others show […]
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The African Development Bank has refuted the statement that it has “called off loans to Nigeria”, as reported in Reuters and credited to AfDB Vice-President for Power, Energy, Climate and Green Growth Amadou Hott. ” The African Development Bank is highly encouraged by the economic recovery of Nigeria from recession and salutes the Government’s efforts […]
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A new report from the International Monetary Fund (IMF) has projected Nigeria as Africa’s biggest economy, in spite of its current challenges. Nigeria is placed ahead of South Africa and Egypt which are second and third respectively. In August, Nigeria was reported to have lost its position as Africa’s biggest economy to South Africa, […]
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Standard Chartered Global Research, an arm of Standard Chartered Bank, shows that Nigeria, the second largest economy in Africa, would have grown by 1.6 percent by the end of 2016. In its adjusted gross domestic product (GDP) forecast for 2016, Standard Chartered showed that Nigeria’s economy will grow at a faster pace than South Africa, […]
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Please put me in your prayers… I will soon be going for eye surgery… The situation is getting out of hand… For more than two months now… Anytime I look inside my wallet… I hardly see anything again. —A distressed Nigerian It was a business lunch by a group of investors who had eagerly been […]
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Nigerians may need to brace up for harder times as the Governor of the Central Bank of Nigeria, Godwin Emefiele, may have made some gloomy revelations about the country’s economy. The CBN governor, in a closed-door meeting with the Senate, disclosed that the Federal Government might not be able to pay its workers’ salaries, effective […]
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Nigeria’s economy will probably contract this year as energy shortages and the delayed budget weigh on output, according to the International Monetary Fund. “I think there is a high likelihood that the year 2016 as a whole will be a contractionary year,” Gene Leon, the fund’s resident representative in Nigeria said in an interview in […]
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Ms Christine Lagarde has told the National Assembly that the days of sharing oil revenue were over. She tasked lawmakers and the Executive arm of government to take hard decisions to deliver Nigeria from the present economic recession. The IMF boss, who engaged the NASS leadership on the way forward for the country, said that the […]
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According to International Monetary Fund’s World Economic Outlook database figures released yesterday, Nigeria’s gross domestic product (GDP) is set to total $1.105trn in 2015, representing a 5% growth from last year. Despite global falling crude oil prices falling over the last year, Nigeria has defied the negative growth that afflicted several crude-producing countries. Nigeria, was […]
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