Nigeria’s GDP growth turns negative after three-year slow recovery
After 13 consecutive quarters of positive growth, Nigeria’s economy shrank in the second quarter of this year as the Gross
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Nigeria
Oil overproduction: Nigeria, others asked to submit compensation plans
Nigeria and other countries that have not fully complied with the oil production cut deal by the Organisation of the
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Nigerian govt increases petrol pump price by N20.3/litre
The Petroleum Products Pricing Regulatory Agency has announced a new price band of N140.80 to N143.80 per litre for Premium
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Nigeria’s external reserves resume falling streak after $36.59bn high
Nigeria’s foreign exchange reserves have pared some of the recent gains after hitting a 2020 high of $36.59 billion last
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Nigeria’s economy faces worst recession in 40 years, says World Bank
The collapse in oil prices, coupled with the COVID-19 pandemic, is expected to plunge the Nigerian economy into a severe
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OPEC+ extends output cut deal, Nigeria to compensate for overproduction
The Organisation of Petroleum Exporting Countries and its allies, led by Russia, have agreed to a one-month extension of their record
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Nigeria’s $1.5bn loan decision expected in July – World Bank
The World Bank expects to make a decision in late July on a $1.5 billion loan to support Nigeria as
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Nigeria is running out of foreign exchange amid oil price collapse
By John Campbell The fall in international oil prices is having a devastating impact on Nigeria’s formal economy. Oil, the
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Foreign investment in Nigeria will plummet, says NESG
Foreign investment inflows into Nigeria will experience significant decline in 2020 given the fall in crude oil price, external reserves
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$3.4bn loan will limit fall in Nigeria’s forex reserves – Mati
The International Monetary Fund’s Mission Chief for Nigeria, Amine Mati, in a conversation with ‘IMF Country Focus’, described the economic situation
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