ECONOMY

• The drop is eight consecutive time since january The National Bureau of Statistics (NBS) said on Tuesday that Nigeria’s inflation rate dropped to 15.98 per cent in September from 16.01 per cent recorded in August. The latest figures show that it has declined for the eighth consecutive time since...

….IMF, World Bank project higher growth for Sub-Saharan Africa, Global Economy in 2018 The Honourable Minister of Finance, Mrs. Kemi Adeosun, disclosed on Sunday that the Federal Government would be prudent in the management of the country’s foreign borrowings. The Minister also revealed that the International Monetary Fund (IMF) and...

….IMF, World Bank project higher growth for Sub-Saharan Africa, Global Economy in 2018 The Honourable Minister of Finance, Mrs. Kemi Adeosun, disclosed on Sunday that the Federal Government would not be reckless with foreign borrowings as it maintains an expansionary fiscal policy. The Minister also revealed that the International Monetary...

Nigeria has asked the World Bank Group and the International Monetary Fund (IMF) to scale up the provision of and access to renewable energy in order to deliver development results and meet global climate goals. Nigeria’s position on renewable energy and regional integration was presented by the Honourable Minister of...

Economic growth in sub-Saharan Africa is expected to be 2.4 percent in 2017, the World Bank said on Wednesday, down from the 2.6 percent projected in April. It said the downgrade was due to a number of reasons, including Nigeria’s failing to meet expectations but also broader conditions. “Regional per...

PROTOCOL It is a pleasure to be here at this year’s National Economic Summit. I bring you the warm greetings of President Muhammadu Buhari who sends his best wishes for successful deliberations at this meeting. The annual Economic Summit occupies a special place in our national economic dialogue. It is...

The International Monetary Fund (IMF) in its current World Economic Outlook projects that Nigeria’s economy will record a growth of 0.8 per cent for 2017. Presenting the report in Washington DC on Tuesday, Maurice Obstfeld, Economic Counsellor and Director of Research Department, attributed the projection to stability in crude oil...

The Minister of Budget and National Planning, Mr. Udoma Udoma, has said that the Federal Government was committed to the faithful implementation of the Economic Recovery and Growth Plan (ERGP) 2017-2020. The ERGP was launched by President Muhammadu Buhari on April 5. Udoma said this on Tuesday in Abuja at...

*Tells global audience, Nigeria is an investor's delight The Buhari Presidency is making specific efforts to enable the private sector to thrive specifically by undertaking extensive 'ease of doing business' reforms, in addition to on-going investment in infrastructure, says Vice President Yemi Osinbajo, SAN. Prof Osinbajo stated this today at...

The Federal Government on Thursday released the proceeds of the N100 billion Sukuk bond for 25 road projects across the country. The Minister of Finance, Mrs. Kemi Adeosun, handed over the N100 billion proceeds cheque to the Minister of Power, Works and Housing, Mr. Babatunde Raji Fashola, in Abuja. The...