Oil Crash: Is Nigeria's Economy in 'Soup'? By Rahma Oladosu   Can we agree less with Wall Street Journal (WSJ)? The American-owned and world-famous media organisation, in a recent report said, as economic pain ripples to the developing world, Nigeria’s dependence on oil puts its economy under...

Tinubu To CBN: Cut Interest Rates To Boost Economy   The National Leader of the All Progressives Congress, Asiwaju Bola Tinubu, has said the Central Bank of Nigeria should seize the opportunity of the coronavirus crisis to lower interest rates in a bid to boost the...

Nigeria’s Economy Will Decline By 3.4% - IMF     The International Monetary Fund on Tuesday said the recession caused by the COVID-19 pandemic would be the worst economic downturn witnessed since the Great Depression. According to the IMF, Nigeria’s economy will contract by 3.4 per cent in...

Nigeria’s Economy Already Fragile Before COVID-19 Pandemic – Minister   The Minister of Finance, Budget and National Planning, Zainab Ahmed has said that prior to the outbreak of the coronavirus pandemic, the Nigerian economy was already fragile. She said this in a statement issued by her Special...

Dangote Fertilizer, Change maker for Agriculture, Economy’  The President/CE, Dangote Group, Aliko Dangote has said the $2bn Fertilizer plant in Lekki, Lagos State, soon to come on stream, is a change maker for the agricultural sector in particular, and Nigeria's economy in general. He said...

South Africa Enters Recession, Again Nigeria Emerges Africa’s Biggest Economy   Nigeria has overtaken South Africa as the biggest economy in Africa as the latter enters its second recession in two years. South Africa’s Gross Domestic Product shrank by 1.4 per cent in the fourth quarter of...