ECONOMY

Nigeria is talking to the World Bank and African Development Bank for $3 billion of loans before the country determines how much it will raise from Eurobonds to help fund this year’s budget. “From the World Bank, we are hoping to get $2 billion,” Minister of State for Budget and...

• CBN measures partly responsible The National Bureau of Statistics (NBS) on Thursday said that the nation’s inflation recorded a decline, the second consecutive time in the year dropping by 0.52 per cent in March, on the year- on- year basis. This followed the first decline recorded in February when...

There are strong indications that investors confidence in the nation’s economy has improved as the portfolio of indices report released by NOIPolls Limited for the first quarter of 2017 indicated that the Consumer Confidence Index (CCI) has inched up by 4.6-point as it is currently standing at 62.7-points. The CCI...

Director-General of Lagos Chamber of Commerce and Industry (LCCI), on Monday, Mr Muda Yusuf, called for faithful implementation of the Economic Recovery and Growth Plan (ERGP). Yusuf, in Lagos, noted that the plan would help to stop policy uncertainties. He said that the plan would also boost investors’ confidence in...

Nigeria will easily achieve its target of $3.5 billion foreign borrowing in 2017 as improved oil output helps the economy to recover from last year’s contraction, the first since 1991, Moody’s Investors Service said. “The international financial institutions are ready to support Nigeria,” Aurelien Mali, a vice president and senior...

Britain said on Thursday that its exit from the European Union would bring very little or no change in its bilateral relationship with Nigeria. The British High Commissioner to Nigeria, Paul Arkwright, said this in his public lecture delivered at the Federal University, Lokoja. According to the British envoy, what...

The International Monetary Fund (IMF) on Wednesday said that the naira is overvalued by 10 to 20 per cent. This was according to the IMF mission chief for Nigeria, Gene Leon, who said the overvaluation of the naira is “somewhere to the tune of 10 to 20 per cent” and...

Some financial experts have expressed optimism that there would be increased liquidity in the capital market in the second quarter of this year. They told the News Agency of Nigeria (NAN) in Lagos on Wednesday that the sustained economic recovery measures of the Federal Government would impact positively on the...

President Muhammadu Buhari will inaugurate the Economic Recovery and Growth Plan (ERGP) 2017-2020 on Wednesday The Special Adviser on Media and Publicity to the President, Mr. Femi Adesina, disclosed in a statement on Tuesday in Abuja. Adesina said the inauguration of the plan was in furtherance of the current administration’s...

Former Vice President of the World Bank, and ex-while Minister of Education in Nigeria, Mrs. Oby Ezekwesili, has taken a swipe on the Central Bank of Nigeria (CBN) and its Governor, Mr. Godwin Emefiele on the approach adopted at bringing down the value of the exchnage rate of the Naira,...