COVID-19: IMF Rules Out Nigeria’s Full Economic Recovery Before 2022       Nigeria’s recovery from the impact of the COVID-19 is expected to be weak and gradual under current policies, the International Monetary Fund said on Monday. The IMF also stated that the country’s real Gross Domestic Product...

Interesting Facts on Nigeria's Economy By Salisu Na'inna Dambatta       As Nigeria's economy reportedly grew in size from a GDP worth $404 billion in 2016 to a hefty $505 billion in 2020 under the watch of the President Muhammadu Buhari-led administation, the country's march to join the...

Nigeria’s Crude Oil Exports Hit Three-Year Low       West Africa’s oil exports slumped to the lowest level in at least three years last month as infrastructure woes for some of Nigeria’s biggest streams combined with gradually waning output in Angola. Combined flows from the region fell to...

Nigeria, Middle East Trade Volume Now $19.3bn         The bilateral trade volume between Nigeria and the Middle East reached $19.3 billion in 2019 while Nigeria’s export to China was about $2billion in the form of mineral oils and fuels, oil seeds, plastics, rubber, animal products, shipping...

Nigeria To Witness Positive Economic Recovery In Q2, 2021 - LCCI       The Lagos Chamber of Commerce and Industry (LCCI) has projected a return to positive growth path for the economy in the second quarter of 2021. Its President, Mrs Toki Mabogunje, addressing reporters at the first...

Improved Crude Oil Prices Increase Nigeria’s External Reserves To $36.23bn       The CBN says Nigeria’s Foreign Exchange Reserves rose from 34.94billion dollars in November 2020 to 36.23billion dollars as at Jan 21, 2021. CBN Governor, Godwin Emefiele, said at the January Monetary Policy Committee (MPC) meeting of...