ECONOMY

The Nigeria Economic Summit Group (NESG) a leading economic and business policy advocacy group in the country has projected a 0.6% GDP growth for the nation; signalling a likely recovery from the current economic downturn. This position was made at the official launch of the NESG macro-economic outlook for Nigeria’s...

Investors are lining up to buy dollar bonds Nigeria is expected to issue soon despite the country's first recession in a quarter of a century, a currency crisis and budget shortfalls driven by low oil prices. On the face of it, the $1 billion of bonds Nigeria hopes to sell...

The Central Bank of Nigeria (CBN) on Tuesday   said it has retained the Monetary Policy Rate (MPR) at 14 per cent with +/- 200 and 500 asymmetric corridor. The CBN Governor, Mr. Godwin Emefiele, who disclosed this on Tuesday at the end of 2017’s first Monetary Policy Committee (MPC) meeting...

Vice President, Yemi Osinbajo, has emphasised that the private sector is very key to getting Nigeria out of recession. In his opening remarks at the Second Presidential Business Forum, a platform to engage and interact with the private sector to keep it abreast with government’s policies, programmes and activities, he...

The House of Representatives on Monday queried the Acting Managing Director of the Bank of Industry (BOI), Mr Waheed Olagunju, over the N500 billion power and airline intervention fund (PAIF). The PAIF was established by the Central Bank of Nigeria (CBN) in 2009, but is domiciled and managed by the...

By ABDUL OLALEKAN Economic experts are expected to converge in Lagos to discuss and proffer solutions to social and economic challenges facing African countries, especially Nigeria. The experts, who will be led by a renowned scholar and Professor of African Economies at Oxford University, U.K, Professor Paul Collier, will discuss...

Buhari's economic recovery growth plan to be launched soon Empowerment of Nigerians is at the heart of the Social Investment Programmes of the Buhari administration,  though it also has a social welfare component to help the people survive as they are being empowered, Vice President Yemi Osinbajo (SAN) has said....

The Senate on Wednesday adopted the exchange rate of N305 for a US dollar, as proposed by the executive for the 2017 fiscal year. This comes on the heels of Senate’s worry about the gap between the parallel market and the official exchange rate. The Upper legislative house has therefore...

Nigeria's efforts to secure funds from international lenders to help haul it out of recession have stalled because it has not submitted the required economic reform plans, according to one of the banks and sources close to the matter. The government has been in loan talks with the World Bank...

Vice President Yemi Osinbajo (SAN) is leading Nigeria's delegation to this year's World Economic Forum holding this week in Davos, Switzerland. In the Nigerian delegation are ministers and special advisers including the Minister of Industry, Trade and Investment, Dr. Okey Enelamah, Minister for Agriculture & Rural Development, Chief Audu Ogbeh...