accountFinancial Times (FT) Interview with Remi Babalola, Minister of State for Finance, Nigeria
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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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Ngozi Edozien, CEO, Actis West Africa, higlights that the signficantly increased strength of Nigeria’s private sector...
Nigeria’s financial crimes watch dog, the Economic and Financial Crimes Commission (EFCC), charged top officials of...
Nigeria plans to spend $2 billion from its oil windfall fund to clear government contractors’ debts and boost local...
VEDA Technology, the computer electronics manufacturing company with its main focus on production of premium personal...
The Central Bank of Nigeria (CBN) has had to bail out four more banks and has sacked three of their chief executives.
Two Nigerian banks listed on the Nigerian Stock Exchange (NSE) will be affected by the Central Bank of Nigeria’s latest...
According to the United Nations, Nollywood, Nigeria’s Hollywood, is now the world’s second largest movie producer,...
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Nigeria plans to transfer 10% of all its oil and gas ventures to the inhabitants of the oil-producing Niger Delta, in a...
As the outlook for Nigeria’s economy darkens, she has no idea how long demand for her range of luxury bras, gir...
“It’s very addictive – the notion people are walking around in Lagos thinking ‘we can do anything’ … Sometimes it’s...
Shareholders in Nigeria’s Diamond Bank have given approval for a capital raising of up to NGN200 billion (USD1.
Nextzon Business Services Limited, in partnership with Cisco and Dimension Data, is set to implement the proposed...
Nigeria is establishing credit bureaux which should help stimulate wider lending by banks to individuals and small...
Nigerian-owned Mainstreet Technologies said this week that the Main One Cable is on schedule to be operational by June...
Nigeria’s top fuel retailer and gas distributor Oando Plc has received shareholders’ approval to raise N200 billion ($1.
The Central Bank of Nigeria (CBN) has issued guidelines restricting foreign exchange demand at the Wholesale Dutch...
VIDEO: Eye on Lagos – A Day in Lagos – Restaurants & Movies
Computerize Nigeria Project (CNP), has launched the second phase of its 750,000 Computer Ownership promo.
At the GQ Club by the waterfront on Lagos’ Ikoyi Island, the beer comes with popcorn. Behind the bar, bedecked with...
Bode George, a top Nigerian politician from the ruling People’s Democratic Party (PDP) has been sentenced to...
The Nigerian Stock Exchange (NSE) on Tuesday lifted a suspension on trading in shares of five banks rescued more than...
United Bank for Africa Plc (UBA), Nigeria’s fourth-biggest lender by market value, said it plans to sell NGN500 billion...
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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