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Farooq

Posts Tagged "economy"

HomePosts Tagged "economy"
  • niger delta avengers

* Residents allege abuse by army, army denies * Military has deployed gunboats to search villages * Militant group has claimed string of attacks on pipelines By Tife Owolabi OPOROZA, Nigeria, June 10 (Reuters) – The Nigerian army has swept into villages in the southern swamplands in an operation to crush the Niger Delta Avengers […]

By Chijioke Ohuocha LAGOS May 31 (Reuters) – Nigeria’s trade account turned negative in the first quarter after exports fell by almost half, the national bureau of statistics said on Monday, as lower prices for crude oil slashed government revenues and caused the economy to contract. Nigeria, Africa’s biggest economy, faces its worst economic crisis […]

By Paul Wallace President hasn’t delivered on promises to stimulate growth Economy on verge of recession as militant attacks increase Muhammadu Buhari took office as Nigeria’s president a year ago on a wave of optimism that the ex-military ruler could revive a nation battered by falling oil prices and decades of corruption. Now Africa’s biggest economy […]

By Obinna Chima The Director-General Debt Management Office (DMO), Dr. Abraham Nwankwo has said that efforts by the federal government to revitalising the agriculture, solid minerals and manufacturing sectors as well as widen the tax base would have massive impact on the economy in the next three to five years. The DMO boss also expressed […]

My compatriots, It is one year today since our administration came into office. It has been a year of triumph, consolidation, pains and achievements. By age, instinct and experience, my preference is to look forward, to prepare for the challenges that lie ahead and rededicate the administration to the task of fixing Nigeria. But I […]

The governor of Nigeria’s central bank on Tuesday said Africa’s largest economy is headed into an imminent recession, adding that he would partially loosen the local currency’s peg to the dollar, a policy he said had helped bring about the hardship. The country of 187 million people, which recently lost to Angola its crown as […]

LAGOS May 20 (Reuters) – Nigeria’s gross domestic product contracted by 0.36 percent in the first quarter of 2016 after growing 3.96 percent in the same period last year, the head of the Nigerian Bureau of Statistics (NBS) said on Friday on his Twitter feed. Africa’s biggest economy is going through its worst economic crisis […]

LAGOS May 11 (Reuters) – Nigeria needs a “substantial” review of its foreign exchange policies and will see very soon a more flexible approach, Vice President Yemi Osinbajo said on Wednesday, as it faces dollar shortages and investor complaints about a high naira rate. Asked whether Nigeria needed to devalue the naira, Osinbajo said that […]