ECONOMY

International Monetary Fund (IMF) has affirmed that Nigeria will this year recover from economic recession, projecting that the nation's economy will grow by 0.8 per cent in 2017. The international body pinned its projection on increased crude oil production due to security improvement, said in its latest World Economic Outlook...

  The International Monetary Fund (IMF) has said that the global economy will grow by 3.4 per cent in 2017 Data by IMF suggest that the global economic landscape started to shift in the second half of 2016 and will grow 3.4 per cent in 2017. Economic Counsellor and Director,...

The Head of Research, Nigerian Economic Summit Group (NESG), Dr Olusegun Omisakin, says rising inflation rate in the country has gone beyond the control of Central Bank of Nigeria (CBN). Omisakin made the observation in an interview with the News Agency of Nigeria (NAN) on Monday in Lagos. NAN reports...

The National Bureau of Statistic (NBS) has said that inflation rate increased to 18.6 per cent in December 2016, 0.07 per cent above 18.48 per cent recorded in November. During the month, the Bureau said hikes were seen in housing, water, electricity, gas and other fuels, clothing and footwear and...

World Bank, in its global economic report, has said that Nigeria will get out of recession and grow its Gross Domestic Product (GDP) by one percent in 2017. The global financial institution names Nigeria, South Africa and Angola as countries expected to experience economic growth in the Sub-Saharan African region...

The Federal Government has commenced independent review of financial management of states as it has appointed eight auditing firms for the assignment. According Salisu Na’Inna Dambatta, Director (Information), Federal Ministry of Finance in a press statement the frims employed include: KPMG; Ernst & Young; PKF; Muhtari Dangana & Co/S.S; Afemikhe...

The total number of jobs generated in Nigeria in the third quarter of 2016 rose to 187,226 from the 155,444 in the second quarter, representing an increase of 20.4 per cent quarter on quarter, but a decline of 60.6 per cent year on year. The Nigerian Bureau of Statistics explained...

The National Bureau of Statistics (NBS) is to release no fewer than 162 reports on different sectors of the economy this year. According to the 2017 tentative data release calendar posted on the bureau’s Website on Monday in Abuja, the NBS is expected to release 34 data in the first...

Some financial analysts with in the country have said that the Naira will still remain under pressure and unstable, even with the current market regulatory framework, until the market is allowed to operate freely and efficiently. This was the view of a group of analysts at Financial Derivatives Company (FDC)...

The Nigerian external reserves have grown to $26.094 billion according to the figures released on Thursday by the Central Bank of Nigeria (CBN). This signifying a slow but steady improvement in the country’s current account balance which started looking up in the past two months. The rice is in connection...