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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.
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Recent news on this topic.
Unveils retooling strategy for the Nigerian economy by the Economic Management Team
Nigerians involved with Boko Haram and their atrocities past, present and future, may be affected.
The MasterCard Index recorded a notable 12.7 per cent...
THE planned turnaround of Nigeria as investors’ destination, may be coming close to reality, as 166 non-oil indigenous...
Adequate and efficient power supply crucial for Nigeria's economic reform program.
The latest step to be taken to improve the upstream oil industry in Nigeria was the creation of the Local Content Act.
West African crude oil differentials were steady on Monday with strong Asian demand and limited supplies of key grades...
THE Shell Petroleum Development Company of Nigeria Limited (SPDC) said it has recorded six separate oil spill incidents...
But the Nigerian currency slipped at both the bi-weekly regulated market and the interbank market.
NACCIMA said efforts being made by government to fix the power sector have not shown any remarkable result in the...
The Associated Press reported on Sunday that community leaders in the area claimed they saw a new oil spill near the...
Shell and Total hold 25.6 percent and 15 percent equities respectively in the NLNG. Other shareholders are the Nigerian...
A circular released by the National Salaries, Incomes and Wages Commission (NSIWC) for the implementation of the new...
Chinese contractors refused to allow Nigerian engineers to acquire the technical information needed to operate it,...
The lower chamber of the National Assembly disclosed that it had been inundated with series of petitions on the alleged...
Governors rose from their meeting Sunday night with two major decisions on the power sector and the Sovereign Wealth...
Realising the bright prospects of the forthcoming Government Bond, operators in the financial services industry are...
The group also called on the Federal Government to declare the oil company persona non grata due to its negligence in...
Says proper financing of the agricultural sector is the key to unlock the nation’s economic growth.
DIAMOND Bank Plc grew its deposits by 13 per cent to N464.806 billion for the half-year (H1) ended June 30, 2011,...
Pro. Johnson Falade, country representative for UN Habitat in Nigeria, said only 10% of more than a thousand urban...
The Federal Government may transfer its 51 per cent stake in the Lagos Thermal Station....
Gen. Ham of the U.S. Africa Command said such co-ordination “would be the most dangerous thing to happen not only to...
India's largest oil refiner Indian Oil Corp (IOC) is seeking more West African light sweet crude for October, having...
Top Sources: Nigeria's Economy
- chairmanking.com
- BusinessWeek
- ngrguardiannews.com
- platts.com
- thisdaylive.com
- thenationonlineng.net
- ft.com
- broadstreetlagos.com
- punchng.com
- Reuters UK
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