Nigeria Exiting Recession, But Economy Remains Vulnerable- International Monetary Fund The International Monetary Fund(IMF) has said while Nigeria is gradually exiting recession, her economy remains vulnerable, saying that current actions to improve the power sector and business environment under the Economic Recovery and Growth Plan(ERGP)...

In its bid to stimulate development and lift the economy out of the murky waters of recession, the federal government has decided on a comprehensive foreign borrowing, but not without reactions from stakeholders in the economy. The federal government’s intention to borrow $29.9 billion has...

Details of the federal government’s $29.96 billion External Borrowing (Rolling) Plan for 2016-2018 have revealed that 61.2 per cent of the foreign loans have been earmarked for bankable infrastructure projects while social programmes in health and education, the federal government’s budget support facility, agriculture...

The Organisation of Petroleum Exporting Countries (OPEC) agreed to cut its oil output for the first time since 2008, with Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices, reported AFP. Nigeria, Iran, Libya may be allowed to produce...

The Federal Government’s recent admission that Africa’s largest economy (going by the 2014 rebasing) is now in recession has turned out to be one rude shock many are finding difficult to accept. Only two years ago, Nigeria with a Gross Domestic Product of $578 billion...

The International Monetary Fund (IMF) in a report released on Monday stated that the growth forecast for this year, represents the lowest for the region in the past 15 years. It attributed the development to severe shocks, including weak commodity prices, tight external financing and...