Nigeria’s Minister of Budget and Economic Planning, Senator Atiku Bagudu, said that while Nigerians are feeling short-term pain, the economy is growing and showing promising signs of sustained recovery thanks ...
Nigeria's economy is facing significant challenges due to a sharp decline in global oil prices, exacerbated by the recent imposition of tariffs by U.S. President Donald Trump. The Federal Government ...
Nigeria’s economy has continued to expand despite macroeconomic challenges, recording a GDP growth rate of 3.40% in 2024, up from 2.74% in 2023. However, given the country’s large population, this ...
For years, Nigeria’s most valuable resource has been its youthful population—energetic, driven, and creative individuals capable of driving economic progress. However, ambition alone is insufficient. To fully harness this potential, ...
Tony Elumelu, founder of Heirs Energies and chairman of Heirs Holdings, has emphasised Nigeria's need to increase its oil production to generate revenue essential for economic diversification and national development. ...
The National Bureau of Statistics (NBS) has stated that the planned rebasing of Nigeria’s Gross Domestic Products will prove more accurate to the economy. The Statistician General of the Federation ...
Nigeria’s economy, which ranked as Africa’s largest in 2022, is set to slip to fourth place this year after a series of currency devaluations, International Monetary Fund forecasts show. The ...
World bank's recent economic projections for Nigeria reveal an optimistic outlook, forecasting a growth rate of 3.3% for the current year. This figure represents a notable improvement from the 2.9% ...
The shortage of the naira in recent times crippled the Nigerian economy, the United Nations has disclosed. It stated that the informal sector felt the brunt of the scarcity the ...
Chijioke Emmanuel Nwadavid, CEO of NecBullion Concept Limited, a company that offers all kinds of building materials to developers, stated that there are still many unexplored business potential in Nigeria ...
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