Paris Summit: Subsidy Removal, FX Policy Needed For Economic Growth - Tinubu President Bola Tinubu, on Thursday, in France, said Nigeria is ready to do business and receive investments from foreign partners. He premised this on the ongoing reforms such as the removal of fuel subsidy...

Africa’s GDP Growth Slowed By 65% – Report   Nigeria, Egypt, and South Africa were responsible for 65 per cent of Africa’s Gross Domestic Product slowdown, McKinsey has disclosed. The report, which was titled ‘Reimagining economic growth in Africa: Turning Diversity into Opportunity’, stated that Africa’s GDP...

Nigeria’s Economic Growth Too Slow To Reduce Poverty - World Bank   The World Bank, yesterday, warned that Nigeria’s economic growth is too slow to address the challenge of extreme poverty in the country. Meanwhile, the bank has retained its economic growth (Gross Domestic Product, GDP) forecast...

IMF Says Nigeria’s Economic Growth Will Drop To 3%   The International Monetary Fund (IMF) has predicted that Nigeria’s economic growth will fall from 3.2 per cent in 2023 to 3.0 per cent in 2024. This is as it retained Nigeria’s 3.2 per cent economic growth projection...

Afreximbank Boss To Speak On Economic Growth   The President and Chairman Board of Directors of African Export-Import Bank, Professor Benedict Oramah, will lead discussions on critical issues that will give further insights into the economic transformation of Africa at the 2023 Annual Lecture of The...

IMF Says Nigeria’s Economic Growth May Shrink To 2.9%   Nigeria’s economic growth is predicted to shrink by 0.3 percentage points from 3.2 per cent in 2023 to 2.9 per cent in 2024, according to the International Monetary Fund (IMF). This is as the global money lender...