economy + february

Buoyed by the non-oil sector, the Nigerian economy grew in real terms by 1.92 percent in the fourth quarter (Q4) of 2017 (year-on-year), maintaining its positive growth trajectory since the emergence of the economy from recession in the second quarter... Read More →

The Organisation of Petroleum Exporting Countries (OPEC), yesterday disclosed that Nigeria ranks third among member countries in data submission. Commending the performance, OPEC Governor for Nigeria, Dr Omar Ibrahim said the country has done well in the provision of credible... Read More →

Nigeria’s hope of steel production as backbone for industrial development comes alive as Dr. Ifeanyi Okowa, Governor of Delta State, is set to commission the resuscitated Aladja Steel Complex of Premium Steel and Mines Limited with one million tons capacity.... Read More →

The 9th edition of the West Africa Investors’ Conference is set to hold in Abuja and Lagos, to engage and explore growth potential and opportunities in Nigeria. The event will bring together foreign and local institutional investors, fund managers, regulators... Read More →

The Chief Operating Officer (COO) of Freezone Global Investments Ltd (FZGIL) has successfully secured PricewaterhouseCoopers (PwC), the global brand in management sciences, to pool resources in a strategic relationship with its parent body, Oil and Gas Free Zones Authority (OGFZA).... Read More →

The Nigerian Stock Exchange (NSE) has launched a Corporate Governance Index (CG Index), which will track the performance of prequalified companies, using their market capitalisation, free float and corporate governance rating scores. The CG Index will be reviewed on a... Read More →

The federal government has advocated for a safer mining environment and adequate personal safety as Nigeria aspire to further explore her huge mineral resources for greater benefit of her citizens. This was practically demonstrated recently when a team from the... Read More →

The National Council of State ( NCS)on Thursday pushed the Federal Government agriculture intervention fund from $200m to $1 billion as part of efforts to diversify Nigeria’s economy through improved agric funding. The National Council of State meeting is a... Read More →

The United Kingdom (UK) Africa Trade Commissioner, Emma Wade-Smith, will today, Friday, February 23, visit Nigeria as part of a wider tour programme to the West African region, focusing on trade and investment. Her visit follows a number of senior... Read More →

Nigeria’s biggest bank by revenue expects lending to accelerate and bad debts to drop this year as growth in Africa’s biggest economy picks up. “The current macro environment is supportive of loan growth,” Adesola Adeduntan, the chief executive officer of... Read More →