Collaborative, Innovative Enterprises as Nigeria’s New Normal, by Inyene Ibanga   Innovation is the engine of economic growth and the transformation of society. It helps society advance, evolve, and improve the way people live and do things. Innovation delivers economic growth, increased well-being and communication, educational accessibility,...

IMF Lowers Nigeria’s Economic Growth Projection To 3.2%   The International Monetary Fund (IMF) has lowered Nigeria’s 2022 economic growth projection to 3.2 per cent. This is 0.2 percentage points lower than the 3.4 percent projected in its July 2022 report. The Washington-based institution disclosed this on Tuesday...

World Bank Says Fuel shortage, Inflation’ll Weaken Nigeria’s Economic Growth   The World Bank has said that fuel shortage and rising inflation will likely restrain economic growth in Nigeria. It said this in the June 2022 edition of its Global Economic Prospects report. The financial institution had projected...

IMF Raises It's Forecast For Nigeria's Economic Growth To 3.4%   The International Monetary Fund (IMF) has raised its forecast for Nigeria’s economic growth in 2022 to 3.4 per cent, citing increase in crude oil prices. However, the IMF reduced its projection for global growth to 3.6...

IMF Raises Nigeria’s 2023 Economic Growth Forecast To 2.7%   The International Monetary Fund, IMF, has raised its forecast for Nigeria’s Gross Domestic Product, GDP, growth in 2023 to 2.7 per cent. The new forecast was contained in the IMF’s January World Economic Outlook, WEO, report released...

CBN May Increase Interest Rate This Year - Report   A new report has said likely stronger dollar demand will convince the Central Bank of Nigeria of the need to tighten monetary conditions as with the trend across global central banks to manage foreign exchange reserve...