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 economy of Nigeria

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updated Sat. April 21, 2018

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By Moses Nosike. The strength of any economy is traceable to a well structured educational system. That is why developed nations like US, Britain, China, Japan etc. don't compromise with standard of education. Apart from national development, good educational system promotes personal ...
Privatisation: Changing the face of Nigerian economy ... of the over N50billion Sunti Golden Sugar Estates in Niger State by President Muhammadu Buhari, the face of the Nigerian economy is undoubtedly changing; courtesy of the reform and privatisation programme of the Federal Government of Nigeria.

Jonathan managed Nigerian economy better than Buhari - PDP. On April 4, 2018 6:36 pmIn News, Politics by adekunleComments. By Daud Olatunji ABEOKUTA - The Deputy National Chairman (South), Peoples Democratic Party , Elder Yemi Akinwonmi, has argued that former President Goodluck Jonathan managed ...
The country's economic recovery plan identifies six priority sectors: agriculture, manufacturing, and solid minerals, including iron, gold and coal. Tonye Cole, co-founder and CEO of the Sahara Group, told the New Nigerian Economy panel that there are three major elements for successful diversification.
President Muhammadu Buhari on Friday expressed appreciation to foreign and local investors that agreed to commit their investment into Nigeria, aimed at boosting the country's economy. Mr Buhari, who unveiled a plaque to commemorate his visit to the Eko Atlantic City project, expressed his appreciation ...
According to IMF, the Nigerian economy "is yet to receive boost from policy implementations" that can withstand the shocks that pushed it into recession. The international finance agency was probably referring to last year's figures from the National Bureau of Statistics (NBS) that showed that the ...

Cole will join a panel discussion on “The New Nigerian Economy”, which is expected to focus on some of the milestones achieved by the oil-rich nation as well as the recurring challenges associated with 50 years of oil wealth dependency. Speaking ahead of the event, Cole said “The architecture for ...
Reno Omokri, former aide to ex-President Goodluck Jonathan on New Media, has reacted to the remarks by philanthropist and founder of Microsoft, Bill Gates, at the special and expanded National Economic Council, held in Abuja on Thursday. DAILY POST recalls that Mr. Gates had said that ...
One of Africa's richest women, Mrs. Folorunso Alakija; Founder of Zenith Bank, Mr. Jim Ovia and Google's Country Manager in Nigeria, Juliet Ehimuan are among several top Nigerian executives that would brainstorm on the Nigerian economy at this year's edition of the Africa CEO Forum. A statement on ...
Simply put, a blockchain is an open-source distributed database that reduces human interference in securing, verifying and maintaining data. It is currently one of the world's hottest technologies and all of the hype around it is more from excitement of its endless potentials than its actual application. Although ...
Undoubtedly, discussions and commentaries on the Nigerian economy have in recent times become dissonant and cacophonous; indeed, some sort of 'babel', leaving the public in more bewilderment and obfuscation. As has been observed in several fora, the economy and economics are among those ...
Undoubtedly the giant of Africa – with an estimated population of 194 million people, Nigeria remains the largest mobile market in the continent – and still has more potential for growth and for competing on a level-playing ground with the developed nations. Although the economic growth of the country ...
The Managing Director of Procter and Gamble, (P&G) leading Fast Moving Consumer Goods (FMCG) Company, Mr. George Nassar has reaffirmed the company's commitment to contributing to the Nigerian economy. He made the pledge at an event to mark the 25th anniversary of the company held in ...
The recent officially released statistics by the National Bureau of statistics (NBS) in January 2018 revealed that about 7.5 million Nigerians were doing nothing between January 2016 and December 30, 2017. In fact, it further reveals that out of a total active labour force of 85.08 million people in Nigeria, ...
The IMF said in its latest World Economic Outlook Report released in Washington DC, United States at the ongoing annual World Bank/IMF Spring Meetings that the Nigerian economy would slow down in 2019 to 1.9 percent growth. It advised oil-dependent economies, including Nigeria's to ...
Following its physical presence in Nigeria, social media platform, Facebook is set to support businesses run by women to unlock N19.7 billion for the country's economy, New Telegraph has learnt. The huge economic prosperity was contained in a recent study conducted by Development Economics on ...
With the recent inauguration of the over N50billion Sunti Golden Sugar Estates in Niger State by President Muhammadu Buhari, the face of the Nigerian Economy is undoubtedly changing; courtesy of the reform and privatisation programme of the Federal Government of Nigeria. Located on the banks of River Niger, ...

The oil price crash of 2014 brought about economic hardships across oil exporting regions around the globe. Nations such as Venezuela, the 7th largest net exporter of crude oil, saw a significant loss of government revenue as oil represented 45% of Venezuela budgeted revenues and 12% of its GDP.
The Managing Director of Procter and Gamble, (P&G), Mr. George Nassar has reaffirmed the company's commitment to contributing to the Nigerian economy. He made the pledge at an event to mark the 25th anniversary of the company held in Junior Secondary School, Karu, in Abuja. Nassar said, in the ...
In the previous third quarter of 2017, the Nigerian economy grew by 1.4%, and this latest figure for the fourth quarter marks the third consecutive growth since the exit from recession in the second quarter of 2017. The latest GDP figures now show the economy improving in all major sectors, including ...
Regardless of this, there have been concerted efforts by other sectors of the Nigerian economy to implement Nigeria's diversification. Companies have sprung up in the finance, technology, agriculture, entertainment and industrial sectors. From the Yaba startups to the rice mills of Kano, there is a revolution ...
The Managing Director of Procter and Gamble, (P&G), Mr. George Nassar has reaffirmed the company's commitment to contributing to the Nigerian economy. He made the pledge at an event to mark the 25th anniversary of the company held in Junior Secondary School, Karu, in Abuja. Nassar said, in the ...
The Nigerian economy improved by 0.82 percent in 2017; according to latest figures released on Tuesday by the National Bureau of Statistics (NBS). The 0.82 growth rate represents the cumulative 2017 Gross Domestic Product (GDP) ratio for the Nigerian economy. Nigeria slipped into a recession in ...
The Managing Director of Procter and Gamble, (P&G) leading Fast Moving Consumer Goods (FMCG) Company, Mr. George Nassar has reaffirmed the company's commitment to contributing to the Nigerian economy. He made the pledge at an event to mark the 25th anniversary of the company held in ...
Mr Chidi Izuwah, Acting Director-General of Infrastructure Concession Regulatory Commission (ICRC), says the Commission will partner the Nigerian port Authority (NPA) to develop the ports and enhance the economy of the country. Izuwah said this on Friday during a two-day monitoring visit of the ...
The recent officially released statistics by the National Bureau of statistics (NBS) in January 2018 revealed that about 7.5 million Nigerians were doing nothing between January 2016 and December 30, 2017. In fact, it further reveals that out of a total active labour force of 85.08 million people in Nigeria, ...
The TIDA conference is an initiative of Skyview Communications with the theme: “Impact of Tourism Development on The Nigerian Economy”. Ayorinde said the tourism ... “Tourism is the future of the Nigerian economy and if better harnessed, it will generate more revenue,” he said. Oladipo also said that ...
Nigerian's failure to diversify its economy and over-dependence on revenue from the oil sector is one of the factors that contributed in exposing the nation's economy to vulnerabilities in the face of declining of oil prices. The Executive Director of the Nigerian Export Promotion Council, Alhaji Abdullahi Sidi ...
Abuja — Only 11 per cent of the Nigerian economy is out of recession while the remaining 89 per cent is still in recession, CEO of RTC advisory services Ltd, Mr. Opeyemi Agbaje has said. The economic expert said Nigeria's exit from recession was largely driven by oil sector, and then, partly by agriculture ...
Mr. Opeyemi Agbaje, the chief executive officer, RTC Advisory gave the indication at the weekend in a presentation titled: "the Nigerian economy and ... data, the non-oil economy of Nigeria still remains in recession but on the whole, the country exited recession because of oil prices growth" he explained.
On average the Nigerian economy creates lots of net jobs every year, that is jobs created minus jobs lost. The problem however is that the number of people entering the labour force is always higher. So, even if one million net jobs are created in a year, if two million people enter the labour market then ...
Meanwhile, by September 2017, it announced that Nigerian economy was out of recession. It disclosed that in the second quarter of the year, the nation's Gross Domestic Product (GDP) grew by 0.55% (year-on-year) in real terms, indicating the emergence of the economy from recession after five ...
Research and Programme Manager, Tobechukwu Nneli, the panel sessions which will be driven by experts drawn from the academia, government, private sector, and donor community is expected to develop a framework and policy roadmap to ensure that the Nigerian economy transits from bust to boom.
In 2016, it announced that the Nigerian economy was in galloping inflation when it confirmed that the economic recession was a full year recession, and the worst in the country's history since 1987. Meanwhile by September 2017, it announced that Nigerian economy was out of recession. It disclosed that in ...
The Minster of Budget & National Planning, Udo Udoma, has said that Nigeria's economic outlook for 2018 is looking positive due to the huge potentials available as a result of the various initiatives by government to sustain growth since its exit from recession. The Minster who spoke at the 2018 Economic ...
Sen. Hadi Sirika, Minister of State for Aviation, on Friday said the Nigerian economy would retain over N20 billion annually through local C-Checks on Boeing 737-300, B737-400 and B737-500 aircrafts. Sirika said this in Lagos after a successfully conducted Boeing B737-500 C-Check in Nigeria, which ...
The World Bank forecasts that economic growth in Nigeria would edge up to at least 2.5 per cent in 2018, as the country benefits from improved commodity prices, investments and trade. According to the World Bank's January 2018 Global Economic Prospect report launched on Tuesday in Washington DC, ...
Economic experts across the country have given a projection of the economy of the Nigeria in 2018. Many have predicted better performance of the Nigerian economy in the mew year. A financial analyst and head, Department of Banking and Finance at the Nasarawa State University, Keffi, Dr. Uche ...
The National Bureau of Statistics (NBS) is to release no fewer than 179 reports on different sectors of the economy this year. According to the 2018 tentative data release calendar posted on the bureau's Website, the NBS is expected to release 40 data in the first quarter. According to its calendar, the bureau ...
Successive governments have formulated and implemented policies to develop the Nigerian economy, with the present administration determined to do more by diversifying from oil and fighting corruption. However, closing the gap in men and women contributions to economic growth has yet to be ...
Successive governments have formulated and implemented policies to develop the Nigerian economy, with the present administration determined to do more by diversifying from oil and fighting corruption. However, closing the gap in men and women contributions to economic growth has yet to be ...
Fuel crisis: Buhari, APC wrecking Nigerian economy – PDP. On January 8, 2018 8:28 amIn News, Politics by adekunleComments. By Dirisu Yakubu ABUJA-The Peoples Democratic Party (PDP) has said the inability of the President Muhammadu Buhari-led Ministry of Petroleum Resources to find viable solution to the ...
Nigerian Economy : LCCI forecasts 3 – 4% GDP growth, 13% inflation rate for 2018 ... The value of Naira should be reflect the giant status of Nigerian economy. abokifx ... be reflect the giant status of Nigerian economy. play. The value of Naira should be reflect the giant status of Nigerian economy. (abokifx) ...
He commended the Management of the group for its massive contribution to the Nigerian economy and for transforming the old Katsina Steel Rolling Mill, ... ''I believe with necessary legislation and support from the Federal Government, Dana Steel will be a big boost to the Nigerian economy and can help ...
Some experts in the Information Technology industry have identified technology as a powerful tool to redeem and redirect the economy of Nigeria, especially in the South-East region. They made this known at the GenesysIGNITE 2017, a convergence of technology hubs and start-ups, organised by ...
The International Monetary Fund (IMF) has said Nigeria remains investors' choice, saying, it was pleasantly surprised to receive numerous indication of interest by investors eager to invest in Nigeria. Senior Financial Sector Expert, Debt and Capital Market Instruments Division, Monetary and Capital ...
France is attempting to leverage on its “strong cooperation in security” with Nigeria to increase the level of economic activity between the two countries. The French Ambassador to Nigeria, Denys Gauer, disclosed this yesterday during a press briefing marking the end of the visit of a French delegation of ...
President Muhammadu Buhari on Tuesday in Paris, France, said some fundamental restructuring of Nigerian economy was required in the drive to address climate change in the country. In getting this done, the president said: “Technology will be a powerful tool to simultaneously address climate change ...
As part of its latest survey, which was undertaken in partnership with Deloitte Nigeria, OBG asked more than 100 high-level executives from across the country's industries a wide-ranging series of questions on a face-to-face basis aimed at gauging business sentiment. The findings are now available to view ...
The Chairman of the Association of African Maritime Administration, (AAMA) Dr. Dakuku Peterside has stated that the maritime sector is crucial to the growth and development of the African economy. Peterside stated this when the Secretary General of the Maritime Organisation of West and Central Africa ...


 

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