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Nigeria Nigeria Faces Economic Headwinds as IMF Revises 2024 Growth Estimate to 3%
The International Monetary Fund (IMF) has adjusted Nigeria's 2024 economic growth forecast downward to 3.0%, marking a notable decrease from the previous projection of 3.1% made in October 2023. This downgrade was unveiled in the IMF's World Economic Outlook update released in January 2024...- Nigeria News
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Nigeria Manufacturers Sound Alarm on Impending Price Escalations Amid Naira Depreciation
Manufacturers in Nigeria are bracing for a potential surge in commodity prices as the nation's currency, the naira, continues its downward spiral against the United States dollar. Since the removal of the rate cap by the Central Bank of Nigeria in June 2023, the naira has witnessed a significant...- Nigeria News
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Nigeria Nigeria's Currency Crisis: US Dollar Hits N1,355, Raising Concerns for Businesses and Citizens
Amidst economic uncertainties, the Nigerian currency faces a significant setback with the US dollar soaring to N1,355 at the black market. Despite recent efforts to stabilize the exchange rate, including a $2.25 billion support from AfreximBank, the naira's value continues to decline. In...- Nigeria News
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Nigeria Nigeria's Inflation Soars to 28.9% in December 2023, Triggering Economic Concerns
As economic turmoil intensifies, the National Bureau of Statistics (NBS) released its December 2023 Consumer Price Index (CPI) on Monday afternoon, revealing a shocking surge in Nigeria's inflation rate to 28.9%. In comparison to November 2023's 28.20%, this new figure represents a significant...- Nigeria News
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Nigeria Cash Shortage Grips Nigeria: Limited ATMs and Long Queues Spark Concerns
In recent weeks, a perplexing cash shortage has gripped parts of Ikeja, Nigeria, casting a spotlight on the nation's financial landscape. Stretching from Computer Village to Oregun, the scarcity of cash has become evident, with only a few ATMs dispensing cash, imposing withdrawal limits, and...- Nigeria News
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Politics Buhari’s herculean task of lifting countrymen out of despair, poverty – The Guardian Nigeria News
https://guardian.ng/politics/buharis-herculean-task-of-lifting-countrymen-out-of-despair-poverty/- Chinedu Iroka
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Metro From pandemic to poverty: Nigeria’s future with COVID-19 – Nairametrics
https://nairametrics.com/2020/05/17/from-pandemic-to-poverty-nigerias-future-with-covid-19/- Chinedu Iroka
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Business Don’t blame COVID-19, Nigeria goofed as an economy, says Utomi – The Guardian Nigeria News
https://guardian.ng/interview/dont-blame-covid-19-nigeria-goofed-as-an-economy-says-utomi/- Chinedu Iroka
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Politics Presidential Committee meets Buhari, says economy in bad shape – Vanguard News
https://www.vanguardngr.com/2020/04/presidential-committee-meets-buhari-says-economy-in-bad-shape/- Chinedu Iroka
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Business Saving 38 Nigerian non-oil export companies from imminent death – Vanguard News
https://www.vanguardngr.com/2020/03/saving-38-nigerian-non-oil-export-companies-from-imminent-death/- Chinedu Iroka
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Business Saudi’s oil price war may push Nigeria’s economy into recession – TODAY
https://www.today.ng/business/energy/saudis-oil-price-war-push-nigerias-economy-recession-284533 Get more: Nigeria Business News- Nigeria Business News
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Business Nigeria becomes Africa’s largest economy, overtakes South Africa – P.M. News
https://www.pmnewsnigeria.com/2020/03/04/nigeria-becomes-africas-largest-economy-overtakes-south-africa/ Get more: Nigeria Business News- Nigeria Business News
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Business IMF’s bleak forecast for Nigerian economy - Sun Nigeria News
https://www.sunnewsonline.com/imfs-bleak-forecast-for-nigerian-economy/- siteadmin
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Business Nigeria’s economy slows down in first quarter. | Africanews
*Nigeria struggling to raise its economy due to insecurity and a fall in the price of a barrel of oil is. With public debt already estimated at over $67 billion at the end of 2018, Nigeria’s growth slowed in the first quarter of this year to 2.01% compared to … Read more via Africanews –...- Nigeria Business News
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Metro Multi-national corporations, greed destroyed Nigeria — Bishop Kuka – Vanguard News
The Catholic Bishop of Sokoto, Most Rev. Matthew Hassan Kukah, yesterday blamed the multinational corporations, IOCs, colonialism as well as greed emanating from oil discovery for the debilitating state of the country’s economy and current crisis across its regions.... Read more via Vanguard...- mrsam
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CEOs, investors told to worry about weak economy – BusinessDay : News you can trust
Nigeria’s economy is far more fragile today and economic growth severely constrained leading business managers and investors were told in Lagos yesterday. Africa’s largest economy existed a devastating economic recession last year but growth data have been unimpressive and with elections...- curator
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AMCON recovers N740bn in 2017 – Kuru – PM NEWS Nigeria
Mr Ahmed Kuru, the Managing Director, Asset Management Corporation of Nigeria (AMCON) on Friday said the corporation recovered N740 billion from debtors in 2017. Kuru stated this at a news conference on ‘Debt Recovery, Nigeria Economy and the Corporation’ … Read more via PM NEWS Nigeria –...- curator
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Nigerian Economy: What we did during Jonathan Govt – Okonjo-Iweala – NaijaBizCom.Com
Minister of Finance, Dr Ngozi Okonjo-Iweala, on Friday said part of what the Goodluck Jonathan administration did to improve the Nigerian economy was target setting. She said this while calling for a massive education of insurance policy makers in the country to achieve deep insurance...- siteadmin
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Nigeria’s economy rose by 3.55% in Q1’18 — FSDH – Vanguard News
FSDH Merchant Bank has estimated that Nigeria’s economy, measured by the Gross Domestic Product (GDP), grew by 3.55 percent in the first quarter of 2018 (Q1’18) from 1.92 percent in Q4’17. Speaking at a media briefing on the May 2018 edition of its monthly economic … Read more via Vanguard...- curator
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Ajimobi On Buhari Criticism: Even Jesus Christ And Prophet Muhammed Were Criticised –Sharareporters
The Governor of Oyo State, Abiola Ajimobi, has stated that no Nigerian President has ever managed the country’s economy like President Muhammadu Buhari has. Therefore, he urged the President not to be bothered by frequent criticism from Nigerians, saying even Jesus Christ and Prophet …...- siteadmin
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