nigerian economy

National Leader of the All Progressives Congress (APC), Senator Bola Tinubu, has proposed a seven-point agenda, which he said, would revive the country’s troubled economy and drastically reduce her dependence on petrodollars. Tinubu explained that the development of a national infrastructure...

President Muhammadu Buhari said yesterday that he considered going on exile if the harvests are not good for two consecutive years. He said this at the Presidential Villa in Abuja yesterday while receiving the National Council of Traditional Rulers led by the Sultan of Sokoto Muhammad Sa’ad...

The Nigerian economy has finally exited the recession, as data on the country’s gross domestic product (GDP) growth rate grew at 0.55 per cent in the second quarter (Q2) of 2017. The National Bureau of Statistics (NBS) stated this in its Q2 2017 GDP results. The Q2 2017 growth rate of 0.55 per...

A total of N462.359 billion has been distributed as Federal Allocation for the month of May 2017 to the Federal Government, State Governments and Local Government Councils. This is contained in a communiqué issued by the Technical sub-Committee of Federation Accounts Allocation Committee...

Nigerian economy contracted by 0.52 per cent year-on-year for the first quarter of 2017, but much better 1.21 per cent than deeper -1.73 per cent recorded in fourth quarter of 2016. The National Bureau of Statistics (NBS), stated this in first quarter 2017 Gross Domestic Product (GDP) report...

The Nigerian economy is gradually coming out of its worst recession in years, the finance minister, Kemi Adeosun, has said. “Nigeria is coming out of recession; we are beginning to see the signs and we will come out to become stronger,” the News Agency of Nigeria quotes Mrs. Adeosun as saying...

Richard Quest is CNN's foremost international business correspondent and host of Quest Means Business, has described Nigeria as a sleeping giant economically. Quest stated this on Wazobia TV in Lagos. He said: “for 30 years, I have been asked about Nigerian Economy, It is always the same...

Presidency has reacted to the World Economics report on Nigerian Economy sliding out of recession. Garba Shehu stated this in a chat with Seun Okin on Channels Television Politics Today. He said, lot of the policies are bearing fruits and economy is gradual moving our of recession. “We are...

Nigeria's President, Muhammadu Buhari has on Wednesday launched the Nigeria Economic Recovery and Growth Plan (ERGP) (2017 to 2020) at the Council Chamber of the Presidential Villa, Abuja. Dignitaries who graced the brief ceremony included the Senate President, Bukola Saraki, Speaker of the...

Nigeria's President, Muhammadu Buhari has on Wednesday launched the Nigeria Economic Recovery and Growth Plan (ERGP) (2017 to 2020) at the Council Chamber of the Presidential Villa, Abuja. Stressing that his administration is committed to delivering its electoral promises, he said that the plan...

President Muhammadu Buhari will on Wednesday launch the Economic Recovery and Growth Plan 2017-2020. The Federal Government early March released the Economic Recovery and Growth Plan (ERGP) for Nigeria’s economic recovery growth and sustainable development for 2017 - 2020. The ceremonial...

President Muhammadu Buhari says the nation’s economy is gradually recovering as a result of last farming season. Femi Adesina, President's media aide said, Mr. Buhari stated this when he spoke on Thursday while receiving the outgoing Ambassador of the Royal Embassy of Saudi Arabia, Fahad Bin...

Good news is coming than bad when it comes to global growth this year, as Nigeria, Argentina and and several of Latin America’s largest economies would spike up. The expectation is that 62 economies are slated for an improvement compared with last year, while 33 will see a deterioration...

Former Governor of the Central Bank of Nigeria (CBN), Charles Soludo has said it will take a miracle for President Muhammadu Buhari to return Naira back to its former rate. Soludo spoke at the ‘Big Ideas Podium’, a public policy debate organised by the Afri Heritage Institution in Enugu said...

Nigeria’s gross domestic product contracted by 1.51 percent in 2016, the National Bureau of Statistics said on Tuesday. Africa’s largest economy slid into recession for the first time in 25 years in the second quarter of 2016 as a slump in crude prices and attacks on oil installations in the...

The Nigerian Naira has been a major headache for its citizens, investors and businesses owners as the currency fell short of the largest economies in Africa. In 2016 alone, the currency was ranked among the worst performing currencies in the world, but this was thanks to the federal government...

The Federal Government has said the over subscription of its recent Eurobond in excess of $7.8 billion compared to a pre-issuance target of $1bn showed strong market appetite for Nigeria. It also said the development is confirming confidence of the international investment community in...

Acting President Yemi Osinbajo Wednesday told leaders of organised labour who staged a protest to the Aso Rock Villa demanding good governance that “corruption in this country is wealthy, powerful and influential”. Osinbajo spoke with the leaders led by president of the Nigeria Labour Congress...

Oil steadied close to $57 per barrel on Monday as rising tensions between the United States, Iran and Organisation of Petroleum Exporting Countries, OPEC, supply cuts were countered by ample inventories and signs that higher prices will revive U.S. output. U.S. energy companies added oil rigs...

Acting President Yemi Osinbajo has declared that the country is in a serious economic situation. He was speaking at the Old Banquet Hall of the Aso Rock Presidential Villa in Abuja on Monday while declaring open, the Agenda for Consultative Forum on Economic Recovery and Growth Plan. He said...