Economy

Nigeria cannot afford to “borrow anymore,” finance minister says

Kemi Adeosun, Nigeria Minister of finance said Tuesday that the country must not borrow more to fund its budget and…

Nigeria seen posting modest 0.8% growth in 2017

The Economist Intelligence Unit (EIU), a member of The Economist Group, is projecting a modest growth of 0.8 percent for…

Nigeria’s 2019 elections projected to push fiscal deficit to 20-year high of 2.8% of GDP

Nigeria’s central government would continue its expansionary fiscal stance into 2017-18 in an effort to drag Nigeria out of the…

Hope seen for cheaper funds as Nigeria keys into IMF data transparency standards

There are hopes for Nigeria and other emerging market economies that are transparent with their data to borrow cheap from…

IMF warns South Africa over economy’s vulnerability

The International Monetary Fund warned South Africa Thursday over extreme vulnerability of the country's economy to external shocks and funding…

Congo faced with economic crisis requests financial support from donors

Democratic Republic of Congo’s government has formally requested financial support from international donors as it confronts a worsening economic crisis.…

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