Nigeria economy

CBN predicts negative economic growth in second quarter

The Central Bank of Nigeria has predicted negative gross domestic product growth for the country in the second quarter of…

Nigeria records 1.87% growth in Q1

Nigeria’s gross domestic product (GDP) grew by 1.87 per cent (year-on-year) in real terms in the first quarter of 2020…

Nigeria tells IMF of intent to have unified, flexible exchange rate

Nigeria has vowed to seek a more flexible and unified naira to respond to the external shock brought by the…

CBN grants businesses one-year extension on loan repayment

The Central Bank of Nigeria on Monday announced policy measures to tackle the impact of coronavirus on the businesses and…

Policy uncertainty weakens Nigeria’s economic outlook – World Bank

Uncertainty over the direction of the federal government’s policies has weakened Nigeria’s economic outlook, according to the World Bank’s January…

Nigeria has lost $400bn to foreign havens, says Malami

Nigeria has lost over $400bn to offshore havens, said Abubakar Malami, the attorney-general of the federation and minister of justice…

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