Further upward acceleration of global inflation from record low levels may impair efforts in emerging and developing economies such as Nigeria, to sustain the low inflation environment achieved over the past several decades, the World Bank has said. The Bank disclosed this in its ground-breaking examination of inflation in the emerging and developing world released […]
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The recent rise in the nation’s debt profile and continued decline in the external reserves are slowing down the recovery and growth of the economy. Experts attribute the disturbing situation to the approaching general elections in February next year and the exit of foreign portfolio investors for fear of losing their investments. The International Monetary […]
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Following its expectation of rebound in non-oil sector and oil sector low base push, Afrinvest (West Africa) Limited has predicted Gross Domestic Product (GDP) growth to accelerate to 2.1 per cent in 2018 from its full year estimate of 0.7 per cent for 2017. The company stated that major downside risks to its forecast include […]
Read More The World Bank forecasts that economic growth in Nigeria would edge up to at least 2.5 per cent in 2018, as the country benefits from improved commodity prices, investments and trade. According to the World Bank’s January 2018 Global Economic Prospect report launched on Tuesday in Washington DC, Nigeria’s Gross Domestic Product (GDP) is expected […]
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Acting President, Professor Yemi Osinbajo, has advised investors; to get serious about investing in Nigeria, or else have themselves to blame 10 years later when the country becomes sixth or seventh largest economy in the world. Osinbajo gave the advise yesterday when he addressed the meeting of delegates from the Nigerian Initiative for Economic Development […]
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Nigeria and the International Monetary Fund disagree over how much the economy will grow this year, with the government saying 2.2 percent and the Fund opting for just 0.8 percent. Either would be an improvement on last year, when Nigeria suffered its first recession in more than two decades as low crude prices and oil […]
Read More The Acting President, Professor Yemi Osinbajo has promised a major turnaround for Nigeria in the next 12 to 18 months. To achieve this, Professor Osinbajo has asked the private sector to partner with the Federal Government and help upscale the nation’s economy. The Acting President made the call on Tuesday at the fourth Presidential Quarterly […]
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Nigeria’s Organised Private Sector (OPS) has implored monetary authorities to take acceptable measures in reflating the economy through monetary easing and reduction of the high interest rate, which it said are currently stifling economic growth in the country. The Nigerian Employers Consultative Association (NECA), at the quarterly meeting of its Governing Council in Lagos, said […]
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The Chartered Institute of Sockbrokers (CIS) has said that with the right strategies in place and proper implementation, Nigeria’s economy can be reset to fast track to take its rightful place in the comity of nations. Speaking at a press conference during the weekend on the 2017 proposed national conference, the Chairman, Organising Committee, Alhaji […]
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President, Dangote Group, Aliko Dangote, has said his belief in Nigeria economic potential remains unshaken just as President Muhammadu Buhari has felicitated with Africa’s richest man and philanthropist on his 60th birthday today (Monday). The business mogul told a group of businessmen in his office in Lagos that his passion for the workability of Nigeria’s […]
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The Minister of Budget and National Planning, Udoma Udo Udoma, on Wednesday, said that the current recession in the country will end before this year runs out. According to him, the yet to be passed 2017 Budget has been structured to achieve the goal. He spoke with State House correspondents at the end of the […]
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The Federal Government says it has outlined various developmental programmes that will revive the nation’s economy, restore the value of the naira and “drive hunger from our land.’’ President Muhammadu Buhari said this in a national broadcast to mark Nigeria’s 56th Independence Anniversary in Abuja on Saturday . [su_youtube_advanced url=”https://www.youtube.com/watch?v=3jXutGw2z9s” height=”300″ autohide=”yes” rel=”no”] Buhari said […]
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