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NIGERIA'S ECONOMY

Nigeria’s economy is struggling to leverage the country’s vast wealth in fossil fuels in order to displace the crushing poverty that affects about 57% of its population. Nigeria’s exports of oil and natural gas have enabled the country to post merchandise trade and current account surpluses in recent years. The largely subsistence agricultural sector has not kept up with rapid population growth, and Nigeria, once a large net exporter of food, now imports some of its food products.

Nigeria's Economy is part of Business Exchange, suggested by Osize Omoluabi. This topic contains 1,048 news and 75 blog items. Read updated news, blogs, and resources about Nigeria's Economy. Find user-submitted articles and reactions on Nigeria's Economy from like-minded professionals.

News

Recent news on this topic.

Nigerian Oil Minister Touts 'Robust' Oil, Gas Growthmore

Nigerian Oil Minister Touts 'Robust' Oil, Gas Growth Despite strikes, protests and an investigation that showed $6.

Boko Haram Is A Failure Of Nigerian Leadership, Says Amaechimore

Amaechi said the reason Nigeria is suddenly drifting towards regionalisation is because of failure of the constitution,...

Anxiety mounts over state of Nigeria’s economymore

IN both the Executive and Legislative arms of government, the concern over the alleged poor state of the Nigerian...

US In Dilemma Over Designation Of Boko Haram As Foreign Terrorist Grou...more

The situation presents what sources believe is a strategic dilemma for the American Government, which clearly has been...

Nigeria  Loses $25bn To Trade Barriers Yearlymore

Experts: Barrier to movement of goods across the borders is a major factor militating against the growth of Foreign...

Report predicts bleak future for Nigeria'€™s oil, gas reservesmore

While the oil reserve has been estimated to peak at about 40.05 billion barrels in 2016, it will later decline to 27.

Crude oil theft hits 180,000 bpd in Nigeriamore

NIGERIA loses about 180,000 barrels of crude oil per day (bpd) to theft and pipeline vandalism, according to the...

Anxiety mounts over state of Nigeria'€™s economymore

Nation faces economic holocaust, says Senate

Shell Global okays OKLNGmore

Confirms Olokola Liquefied Natural Gas (OKLNG) as a sound project with good fundamentals capable of taking advantage of...

Shell under fire over Arctic plans and paymore

Clashes over dividends, executive pay and environmental track record in Nigeria at annual meeting

Okonjo-Iweala seeks speedy approval for $7.9bn external borrowing planmore

Minister of Finance, Dr Ngozi Okonjo-Iweala, yesterday asked the National Assembly to quickly approve the Federal...

Nigeria bond yields rise on inflation worriesmore

Fields on Nigeria’s bonds and treasury bills rose across all maturities yesterday after a pick up in inflation in the...

Nigeria losing 17 percent of oil to theftmore

Despite recent efforts to address the issue, Nigeria continues to lose a dramatic proportion of its oil production to...

$1bn Sovereign Fund operation begins soon, says Okonjo-Iwealamore

Nigeria’s $1 billion sovereign-wealth fund (SWF) is set to start operating in the next few months, said the finance...

Nigeria - NEC approves N50b ($320m) to subsidise electricity tariffmore

NEC also stated that stable power supply would reduce the personal cost of doing business by 40 per cent and return...

Nigeria - BPE to unveil power privatisation winners in Octobermore

The Bureau of Public Enterprises said on Saturday the preferred bidders for state power assets would be announced in...

FG approves $400m to end gas flaringmore

To procure equipment

Nigeria needs $20bn for power over three years -BPEmore

Loses 3% of GDP annually to power shortage

Why Power projects are yet to take offmore

Minister of Power, Prof. Barth Nnaji, has blamed non-availability of gas for the inability of the National Integrated...

Uproar as Reps seek oil minister's sackmore

THE House of Representatives’ debate of the fuel subsidy report yesterday slipped into bedlam following a failed...

Oil Subsidy Probe:17 Oil Firms Must Appear Or Be Forced, Say Repsmore

• It Is Political Victimisation — Firms • We Have Nothing To Hide — Marketers

Shell considers investing $4 billion onshore Nigeriamore

Royal Dutch Shell PLC is looking at investing a further $4 billion in its operations onshore Nigeria in efficiency...

N40m bribe: House, SEC allege documents forgerymore

There seems to be no let-up in the battle of integrity between the House of Representatives and the Securities and...

Court orders service on Alison-Madueke, others over Petroleum task for...more

The plaintiff wants the court to decide whether the Petroleum Minister can delegate powers conferred on her by the...

Extra cargo boosts new Nigeria fieldmore

April loading of the new offshore Nigeria medium sweet Usan grade has been boosted by an extra cargo, taking the amount...

Top Sources: Nigeria's Economy

  • chairmanking.com
  • BusinessWeek
  • ngrguardiannews.com
  • platts.com
  • thisdaylive.com
  • broadstreetlagos.com
  • punchng.com
  • Reuters UK
  • thenationonlineng.net
  • BBC

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