Rainoil Boss: Increased Crude Oil Production Will Boost Nigeria’s Economy Nigeria must increase crude oil production to boost its economy, the Managing Director, Rainoil Limited, Gabriel Ogbechie has said. Ogbechie, who made the remarks at a panel session at the just concluded National Economic Summit at...

Manufacturing Contribution to Economy Drops to 2.2% - NBS The real sector’s contribution to the Nigerian economy dipped to 2.20% (year-on-year) in the second quarter of 2023, according to the Gross Domestic Product report of the National Bureau of Statistics. According to the report, the growth...

We'll Remove Bottlenecks to Investments, Reposition Economy - Tinubu President Bola Ahmed Tinubu has assured the manufacturing and service sectors that more reforms will be unfolded to enable efficiency and attract investments, saying the ongoing economic ‘‘revolution’’ will be deliberately steered to capture and favour...

German Firms Set to Inject Fresh Investments into Nigeria's Economy German companies have perfected plans to boost activities in Nigeria and other African countries next year. According to a Reuters survey, the German companies hope to capitalise on opportunities in areas such as green hydrogen and...

Nigeria's Economy In Deeper Mess Than It Was In 2015 – Sanusi Former Emir of Kano, Sanusi Lamido Sanusi, has expressed sadness at the current economic and security situation in Nigeria, insisting that the country is in a deeper mess now, than it was in...

IMF Retains Nigeria’s Growth Prospect At 3.4%   The International Monetary Fund (IMF) has retained projected economic growth of 3.4 per cent for Nigeria in 2022. The Washington-based institution disclosed this on Tuesday in its World Economic Outlook (WEO) for July 2022 entitled, “Gloomy and More Uncertain”. At...