Nigeria economy

Nigeria, biggest loser of Africa’s $50bn yearly illicit financial outflows

Nigeria is the biggest loser of the $50 billion annual illicit financial flows out of Africa, according to Kemi Adeosun,…

Low Nigeria-Indonesia trade blamed on poor non-oil export

Bagus Wicaksena, director, Indonesia Trade Promotion Centre (ITPC), has disclosed that the non-development of Nigeria’s non-oil sector was the reason…

Nigeria inflation rate slows for the 12th consecutive month to 15.13% in January

Nigeria’s statistical authority, the National Bureau of Statistics (NBS), Wednesday said inflation rate for the month of January 2018 moderated…

Nigeria’s state oil company to increase oil production to 500,000 bpd before 2022

The Nigerian Petroleum Development Company ( NPDC ), one of the upstream subsidiaries of the Nigerian National Petroleum Corporation (…

Nigeria’s FX reserves up 10% in November- CBN

Nigeria’s foreign exchange reserves stood at $37.92 billion as of Dec. 22, up 10.1 percent from a month earlier, central…

Nigeria’s unemployment rate surges 18.8% in Q3 2017 from 16.2% in Q2 2017

Nigeria’s unemployment rate worsened from 16.2 percent in the second quarter of 2017 to 18.8 percent in the third quarter…

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