Nigeria’s economy

Globally, this is not the best of times for any economy, particularly Nigeria. The battle against the COVID-19 pandemic had barely settled and economies began to struggle to shake off the impact when Russia invaded Ukraine, disrupting…

The stage is set for a convergence of operators in both banking and the Organised Private Sectors (OPS) to iron out misgivings to foster the development of the Nigerian economy. The summit is at the instance of the Association of…

The World Bank has finally approved Nigeria’s $1.5 billion loan request. This was announced in a statement by World Bank on Tuesday noting that the facility is a five-year Country Partnership Framework (CPF) that will last from 2021 to…

Nigeria’s economy is projected to contract in the second quarter of 2020 due to the six weeks lockdown on some parts of the country, Nigeria Employers’ Consultative Association (NECA) has said. In a statement reacting to the latest Q1…

AMINA HUSSAINI, Abuja Nigeria's economy has contracted by -14.27 percent from the last quarter, as it recorded paltry 1.87 percent growth first quarter of 2020, dropping lower than the 5.59 percent recorded in the last quarter…

By ODILIM ENWEGBARA Haven't we come to the point of agreeing that this business of federal government running Nigeria's economy should be finally brought to an end? For how long do we have to have such a prodigious federal government,…

The Central Bank of Nigeria (CBN) says the restriction on official foreign exchange for importation of 41 items in 2015 was to reverse the multiple challenges of dwindling foreign reserves, contracting gross domestic product (GDP), curb…

A presidential aspirant on the platform of the Peoples Democratic Party, Senator David Mark,  has promised to turn around the economy of the country within two years if elected President of Nigeria in the 2019 general elections. Mark, a…

Nigeria’s economy emerged from recession in the second quarter, expanding 0.55 percent year-on-year, the statistics office said on Tuesday, as economists expressed concern at the sluggish recovery. Africa’s largest economy shrank by 1.5…