accountINFLATION has been identified as a key threat to the nation’s economy in 2011, even as it has remained static but on...
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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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Nigeria earned $196 billion from oil and gas exports in the four years through 2010.
Inflation rate in Nigeria rose to 12.8 per cent year-on-year in March 2011, higher than the 11.1 per cent recorded the...
Nigeria militant group MEND does not exist any more: former leaders - read this Platts news article and other stories...
Global energy markets have their eyes on Nigeria after incidents of violence tainted relatively fair elections last...
Bill would make the upstream sector to have a new acreage management system with the robust gas fiscal terms, while the...
Distributors protest company's retroactive increase of prices from N810,000 to N900,000 for products already paid for.
Nigeria Liquefied Natural Gas (NLNG) may sell some of its stake to India-owned company, GAIL in order to boost gas...
The 24 Deposit Money Banks operating in the country recorded a total net loss ...
The phenomenal growth of the Nigerian telecommunications industry has not only been backed by huge investments but it...
Nigerian militant group denies warning of fresh attacks - read this Platts news article and other stories in oil by...
President Goodluck Jonathan extended his lead in Nigeria’s presidential vote with about half the results released,...
IMF sees grounds for optimism but also cautions.
The Central Bank of Nigeria raised the monetary policy rate 100 basis points to 7.50% from 6.50% previously.
The Senate had stopped debate on the Bill before proceeding on a four-week election recess last week.
Of the country's at least 34 mineral types, emphases are currently on gold, lead/zinc, iron ore, oil sands, coal,...
Nigerian militants warn of bomb attacks on oil industry - read this Platts news article and other stories in oil by...
Due to attention on the polls by the incumbent lawmakers, enabling bills are receiving little or no attention...
The company said it recorded 22 spill incidents across its facilities, which were caused by sabotage in the Niger Delta...
OPEC started 2011 with two clear warnings, one from the International Energy Agency and one from the US Energy...
The newly released May cargoes also driving apart Bonny Light and Qua Iboe differentials which are generally close to...
State-run Nigeria National Petroleum Corp and China State Construction Engineering Corp have launched the third in a...
IN response to the recent International Monetary Fund’s (IMF) call on the country to devalue the Naira, some foreign...
Strong indications have emerged that investors from the United States may inject $20bn into Nigeria’s power sector in...
International Oil Companies campaigning against bill.
Top Sources: Nigeria's Economy
- chairmanking.com
- BusinessWeek
- ngrguardiannews.com
- platts.com
- thisdaylive.com
- broadstreetlagos.com
- punchng.com
- Reuters UK
- thenationonlineng.net
- BBC
