Results For: nigerian economy

Nigerian economy: CBN shares new monetary policy variables

The Central Bank of Nigeria has decided in its latest Monetary Policy Committee meeting to keep monetary policy variables at the following rates: MPR: 14.0 percent CFF: 22.5 percent Liquidity Ratio: 30.0 percent Assymetric corridor: +200 Download New MPC Meeting Statement here

Business & Economy

Nigerian Economy

Nigeria’s Economy at a Glance   Inflation                  15.37 Exch. Rate (USD)    ₦305.75 MPR                       14 Crude Oil Price     $69.74

Biz & Econs Review: State of Nigerian economy

The new edition of Business & Economy Review magazine features many corporate news information. However, the thrust of the magazine is the Nigerian economy. The Publisher’s Brief also reflects on the Nigerian economy and issues with promoting made-in-Nigeria products. The magazine was unveiled at the 2017 Greenspring Made in Nigeria Conference and awards.

Business & Economy

State of Nigerian economy 2017 in review

Nigeria in February 2017 – Nigeria’s economy is projected to have contracted 1.54 percent in 2016, according to a budget ministry document, with Africa’s most populous country mired in its first recession in a quarter of a century. Nigeria is heavily dependent on crude oil exports to fuel its economy, but low global prices and […]

Business & Economy

NCC says ICT contributes largely to Nigerian economy

The quarterly contribution of Information and Communications Technology (ICT) sector to the Gross Domestic Product (GDP) has increased to N1.6 trillion from N1.4trn, the Nigerian Communications Commission has said. The NCC’s Executive Vice Chairman, Professor Umar Danbatta, who disclosed this yesterday when he paid a courtesy visit to the Minister of Federal Capital Territory, also […]

Business & Economy Technology

How this Nigerian company helps grow the Nigerian economy

African Industries is a West African multinational with more than 8,000 staff from more than 10 nations all inclusive. The group has 12 fabricating plants crosswise over Nigeria, out of which six are steel producing plants. A portion of the auxiliaries incorporate African Steel Mills and Ikorodu Steel Mills in Lagos State; African Foundries, Ogijo, […]

Business & Economy

How low production and manufacturing kills Nigerian economy

Minister of Budget and National Planning, Mr Udoma Udo Udoma, has blamed the slow growth of Nigeria’s economy on weak production and manufacturing sector. Udoma told members of The Situation Room, a civil society group, on Tuesday in Abuja, that economic downturn had made the Federal Government to focus on the fundamentals of issues frustrating […]

Features & Reports

New yam export moves will grow Nigerian economy

Efforts by the federal government to diversify the economy is beginning to yield results, as the federal government is set to export 72 metric tonnes of yam to Europe and the United States today. In a major diversification breakthrough, the minister Of Agriculture, Audu Ogbeh, announced yesterday that the Federal Executive Council (FEC) has approved […]

Features & Reports

Saving the Nigerian economy through ICT

Minister of Communications, Mr. Adebayo Shittu, has said that the ministry would leverage on information and communication technology (ICT) to  rejuvenate the Nigeria’s economy as well as encourage online jobs through the implementation of various initiatives. The minister stated this recently in a keynote address at the opening ceremony of the Ife Youths Economic Summit […]

Features & Reports

High interest rates cripples Nigerian economy

Nigeria’s Organised Private Sector (OPS) has implored monetary authorities to take acceptable measures in reflating the economy through monetary easing and reduction of the high interest rate, which it said are currently stifling economic growth in the country. The Nigerian Employers Consultative Association (NECA), at the quarterly meeting of its Governing Council in Lagos, said […]

Features & Reports

Grow Nigerian economy: Buy made in Nigeria products

Nigerians have been tasked to use more of the Country’s locally made products and services, if they want to see the country  succeed. Its proponents believe this would put the country on the world map, and  earn Nigeria a place of pride in the comity of nations. Over the past months,there’s been an increasing call […]

Features & Reports

Nigerian economy would soon record positive growth – Analysts

Some financial market experts have expressed optimism that the Nigerian economy would soon record positive growth. The experts, who spoke in separate interviews, also urged the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) to commence gradual easing of monetary policy from its next meeting. Nigeria’s first quarter of the year (Q1 2017) Gross […]

Features & Reports

Dizengoff: Having full interest in the Nigerian economy

Dizengoff has been operating in Nigeria since 1958, fully in support of growing the Nigerian economy. The company finds the new democratic development in Nigeria to be very encouraging, although there are enormous challenges for businesses and government in Nigeria. However, food security is something that all countries of the world are concerned about. True, […]

Features & Reports

Various Nigerian commentators’ comments on The Young Engineer and the Future of Nigerian Economy

 I found your article “The Young Engineer and the Future of NigerianEconomy” interesting in what you did not explore: that is, whetherengineering is still a rewarding profession for those of us practicingit, and thus worthwhile recommending to the younger generation.I became an engineer because I really had no other choice.From myyounger days, I enjoyed playing […]

Features & Reports

Nigerians challenge Chinese invasion of economy

At Lagos’s Computer Village, buyers, sellers, wholesalers, hawkers and opportunists jostle for a piece of a booming industry. On a recent Wednesday tall stacks of shrink-wrapped printers and copying machines sat along muddy gravel streets. Peddlers hawked batteries, keychain USB drives and every conceivable model of mobile phone out of cardboard boxes. Bigger deals went […]

Business Products & Services

MAN: How Nigerians can help develop manufacturing sector, economy

The Manufacturing Association of Nigeria (MAN) has called on Nigeria to patronise made in Nigeria goods to help develop the manufacturing sector and the economy. Mr Olu Odun, president of the Association told the News Agency of Nigeria (NAN) at the Media Launch on Made in Nigeria goods in Abuja that there was the need […]

Features & Reports

Salary injustice: Nigerian Engineering Graduates, Corpers

*Medicine and pharmacy students are collecting around #95000 or above during NYSC while Engineering students are collecting the same money as that of other faculties whose courses are run for four years. What is the benefits an Engineering students stand to get from his five years spell on campus with extremely difficult courses he took […]


March 2018: Lassa fever kills 110 Nigerians

An outbreak of Lassa fever, a viral hemorrhagic illness, has killed 110 people this year in Nigeria in an “unprecedented” outbreak that has hit half of the states in Africa’s most populous nation, its disease control agency said on Wednesday. It is mainly transmitted to humans via contact with food or household items contaminated with […]

Health Care & Medical

What Minimum wage will do for Nigerians – Boss Mustapha

The Secretary to the Government of the Federation, Boss Mustapha, has assured Nigerian workers that the the new national minimum wage to be announced in September will address the issue of social imbalance, inequality and the wide gap of poverty in the country. The SGF was speaking at an award event to round up the […]


Nigerians getting poorer – IMF

Nigeria’s people are getting poorer despite the country’s slow recovery from recession, and economic reforms are urgently needed, the International Monetary Fund (IMF) said in a report seen by Reuters on Wednesday. The Fund expects the government to “muddle through” in the medium term, and any progress could also be threatened if elections next year […]

Business & Economy

Nigerian oil firm spent $5.8 bln on fuel imports since late 2017 – Reuters

Nigeria’s state oil firm said on Tuesday it had spent $5.8 billion on fuel imports since late 2017, as it combats a fuel shortage that has left people queuing for hours at filling stations and hobbled an already-struggling economy. “The corporation’s intervention became necessary following the inability of the major and independent marketers to import […]

Business & Economy

Nigeria’s economy is growing stronger, bigger – Banerjee,

Mr. Prasun Banerjee, managing director, Binatone Nigeria, in this interview with OLAJIDE FABAMISE, speaks on how the company has survived the recent economic recession, battles with counterfeiters and other issues targeted at the heart of the Nigerian consumers. What can you say about the federal government’s policies on imported goods as it affects your company? We […]

Business & Economy

Nigerians celebrate ‘Black Panther’ movie

Film fans, actors and comic enthusiasts in Nigeria’s commercial capital Lagos have been flocking to screenings of Marvel superhero movie “Black Panther” which opened in Africa’s most populous country this week. The Walt Disney Co movie, which features a predominantly black cast, is set in the fictional African nation of Wakanda. It tells the story […]


Nigerian politicians frequently jump across party lines in power quest

An analysis by Bloomberg says that Nigerian politicians frequently jump across party lines in power quest. At recent rallies of Nigeria’s ruling All Progressives Congress for next year’s general elections, the list of speakers is often dominated by former members of the opposition People’s Democratic Party who switched sides. Former ministers, two-term governors and other […]

Business & Economy

How FIRS is contributing immensely to Nigeria’s economy

Tunde Fowler is a public officer, tax administrator and reformer in Nigeria. He is presently the Executive Chairman of the Federal Inland Revenue Service (FIRS) and in this interview with Boldfaces International he explained how tax works and how Nigerians can benefit from it. Excerpts… Q: For the benefit of our viewers in Nigeria and […]

Business & Economy

Real Estate: Providing suitable homes for Nigerians

Nigeria has a worrisome deficit in housing, which as at 2012, was estimated at a minimum of 17 million units. Recently, the figure was raised and, according to experts, it could be up to 20 million units, if a proper investigation of the state of affairs in the sector was undertaken. Majority of Nigerians live […]

Business & Economy real estate

Buhari attends 1st cabinet meeting, makes himself more visible to Nigerians

President Muhammadu Buhari has come back to Nigeria and has tried hard to make himself visible after he cancelled the first cabinet meeting after his arrival… Nigeria’s President Muhammadu Buhari on Wednesday chaired his first cabinet meeting since returning from sick leave in Britain this month. Buhari returned to Nigeria on Aug. 19 after more […]

Lifestyle News

Mazi encourages Nigerians to buy locally made products

Many notable Nigerians are calling on the populace to patronise goods mad locally. Lending his voice to the call is Mazi Ohuabunwa… Mazi Sam Ohuabunwa, a board member of the Proudly Nigerian Campaign , has called on Nigerians to patronise Made-in-Nigeria products and services. Ohuabunwa, who spoke during the presentation of the Certificate of Recognition […]

Business & Economy Business Products & Services

Best Nigerian banks that can give you business loan with ease

Many Nigerians are looking for money to start a business. It’s tough for many to get it, either because thy don’t know how to go about it or because they don’t qualify to get it. Here are some easier ways to secure business loan in Nigeria… First Bank Nigeria Plc First Bank of Nigeria has […]

Business & Economy

Release Henry Okah, Nigerian government told

The Convener of the Niger Delta People’s Congress, Chief Mike Loyibo, has requested the prompt arrival of Henry Okah and a few others detained regarding the October 1, 2010 Abuja bombings. Okah is as of now serving a 24-year imprison term in South Africa for purportedly engineering a progression of fear assaults, including the twin […]