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Nigeria’s Economic Recovery Lifts Africa’s Outlook – IMF

The International Monetary Fund (IMF) has said that economic growth in Nigeria due to rise in commodity prices will stimulate growth in other Sub-Saharan African economies. The IMF World Economic [...]

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Oil Price Tumbles to $72 per Barrel

Global oil benchmark, Brent Crude, fell further on Monday amid talk of a possible release from global crude reserves, according to data from the International Monetary Fund showing a slowdown in [...]

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BOI Secures $750Mn Afreximbank Loan at Single Digits for MSMEs

The $750 Million (N250 Billion) syndicated loan facility which the Bank of Industry (BoI) received from the African Export-Import Bank (Afreximbank) will be disbursed to Micro, Small and Medium [...]

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IMF Upgrades Nigeria’s 2019 GDP Growth forecast to 2.3%

The International Monetary Fund (IMF) yesterday upgraded its growth rate forecast for Nigeria’s Gross Domestic Product (GDP) in 2019 to 2.3 percent, while retaining 2.1 percent for 2018, citing [...]

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No Impact of Economic Recovery on Nigerians, Businesses — NECA

At the backdrop of consistent positive figures reported on Nigeria’s macroeconomic indicators in the past one year, the Nigeria Employers’ Consultative Association, NECA, has indicated that their [...]

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Nigeria Earns N37.465Trn from Oil in 6 Years

There are indications that the Federal Government’s oil revenue dropped by more than 297.6 per cent between the second quarter of 2010 and fourth quarter of 2017, as a result of developments in [...]

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STOCK MARKET REPORT FOR 13TH OF JULY, 2018

A total turnover of 1.219 billion shares worth N17.333 Billion in 17,362 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.842 billion shares [...]

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CBN: Trading in Renminbi to take off before end of July

The Central Bank of Nigeria (CBN) yesterday disclosed that trading in the Chinese Renminbi would commence before the end of this month. Top CBN official, who disclosed this in a chat, said the [...]

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Financial Illiteracy, Bane of Nigeria’s MSMEs — Minister

Minister of State for Industry, Trade and Investment, Aisha Abubakar, has said that financial illiteracy remains the bane of Micro, Small and Medium Enterprises (MSMEs) in Nigeria. Aisha Abubakar [...]

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Nigeria’s Inflation will Rise in Second Half – IMF

The International Monetary Fund on Friday said Nigeria’s inflation rate, which has been declining for more than a year, would increase in the second half of the year. The IMF stated this in an [...]

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