Forbes Kicks Against IMF's Rating Of Nigeria’s Economy   Forbes has disagreed with the International Monetary Find (IMF) over Nigeria’s economic growth in 2018 and projections for 2019. Whilst Forbes sees Nigeria’s economy as the most performing in Africa in 2018, with good prospects for 2019, IMF...

Budget: Buhari Seeks NASS Approval For $2.78bn Euro Bonds   President Muhammadu Buhari has requested a National Assembly resolution to raise 2.78 billion dollars from the International Capital Market for part-funding of the 2018 budget. Buhari’s request came in a letter dated July 23, and read by...

Experts Express Optimism On Nigeria’s Economy   Some financial experts, on Tuesday, say the Nigerian economy is faring well despite the drop in the foreign reserve, attributing this to some economic policy failures. The experts made this observation in separate interviews with the News Agency of Nigeria...

Renewed Selloff Hits NSE As Indices Drops by N10bn   Renewed sell off in the shares of many highly capitalised negatively impacted transactions on the Nigerian Stock Exchange (NSE) yesterday, as market capitalisation dropped by N10 billion. Yesterday, the All-Share Index (ASI) shed 27.26 absolute points, representing...

Africa's Growth: Nigeria, S/Africa, Angola Tasked To Ensure Solid Economic Footing   The International Monetary Fund (IMF) has called on Nigeria, South Africa and Angola to ensure solid economic footing to accelerate African economic growth. The IMF Chief Economist, Mr Maurice Obstfeld, made this call on Tuesday...

Assessing Nigeria’s Benefits From Oil Price Rally   While the recent appreciation in crude oil price has provided Nigeria an opportunity to earn more revenue from oil sales, the country equally spends a considerable amount of that on importing petroleum as well as on subsidy payment,...