Powered by oil boom, Nigerian economy expands at its fastest pace in five years
Real GDP grew 4.43% in the three months through June, accelerating from 3.89% in the Q1, according to the Nigeria's National Bureau of Statistics...
Tag : Nigeria economy
Nigeria’s currency weakness: Tracing the reasons behind a weak Naira
The Nigerian currency called the Naira has been under intense pressure since the floatation of the exchange rate...
Nigeria to take significant action to save naira as inflation continues to haunt country
Naira slipped by 0.7%, its steepest decline in nearly six months, in official trading on the Nigeria Exchange on June 2023...
Lekki Port: Billion-dollar game changer for Nigeria’s economy
Many of Nigeria’s seaports, inherited from the British colonial administration, are severely hit by operational constraints...
Decline of Nigeria crude exports: Country heading towards economic collapse?
The Excess Crude Account and fuel subsidies have depleted state coffers in the first four months of 2022....
Sub-Saharan Africa’s economy expected to grow by 3.4% in 2021: IMF
The economy contracted 1.9% in 2020...