‘Nigeria Spends Just 3.75% Of $495bn GDP On Healthcare’         Nigeria, Africa’s biggest economy at $495 billion, spends just 3.75 per cent of Gross Domestic Product (GDP) on healthcare, compared with 4.8 per cent in Kenya, 8.11 per cent in South Africa and 13.42 per cent...

Nigeria, Others’ll Lose $1trn Oil Revenue In 20 Years – PwC         Nigeria and other African oil-producing countries will lose an estimated N1tn in oil export revenues over the next 20 years as prices are forecast to remain low, a new report by PricewaterhouseCoopers has said. PwC,...

‘Nigeria, Others Reduced Oil Supply By 1.9bn Barrels’         Nigeria and other member and non-member nations of the Organisation of Petroleum Exporting Countries reduced global crude oil supply by 1.9 billion barrels between May and November last year, OPEC stated on Tuesday. It made this known after...

Low Revenues, Poor Investments, Others Threaten Nigeria’s 2021 Growth – W'Bank       The World Bank has said that Nigeria’s growth is expected to resume by 1.1 per cent in 2021 from a contraction of 4.1 per cent in 2020. It also said the global economy would expand...

Nigeria Owes World Bank, Eurobond, Others N12trn         At least, 67 per cent of the $31.985 billion (N12.193 trillion) outstanding external debt of Nigeria is for loans taken as Eurobond, a commercial loan, and from the International Development Association (IDA) as of September 2020. According to records...

Nigeria’ll Record Growth Amid Fiscal Imbalances - Report         Nigeria will return to growth path in 2021 but external and fiscal imbalances will pose downside risks to the economy. Sigma Pensions Limited stated this in its report released on Monday titled ‘Nigeria 2021 outlook: A return to...