Wednesday 24 May, 2017
Edition: Nigeria
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Category Archives: Business

May 24,2017 12:51 am The International Monetary Fund, IMF, on Wednesday said Nigeria’s indebtedness would climb to 24.1 per cent of its Gross Domestic Product, GDP, by 2018. Nigeria ended 2016 with a debt to GDP ratio of 18.6 per cent...

By Joseph Okafor on May 24th, 2017

May 23 — Malaysia’s robust economic growth of 5.6 per cent in the first quarter of 2017 is beyond the expectations of many, said Permodalan Nasional Bhd Chairman Datuk Seri Abdul Wahid Omar. He said the government’s...

By Joseph Okafor on May 24th, 2017

  May 24,2017 5:36 AM Confidence among Japanese manufacturers receded in May for the first time in nine months after hitting a decade-high level April, a Reuters survey found, showing guarded optimism in a nascent export-led economic...

By Joseph Okafor on May 24th, 2017

May 24, 2017-4:01 AM WWF-Pakistan, in cooperation with the Sustainable Rice Platform (SRP), HELVETAS Swiss Intercooperation and Mars Food/Rice Partners Ltd, convened the first Sustainable Rice Platform National Stakeholder Dialogue...

By Joseph Okafor on May 24th, 2017

May 23, 2017 The GDP growth rate in Africa slows 2.2 percent due to weak global economic growth and continued fall in commodity prices despite forecast of economic expansion by 4.3 percent in 2018. THE 52nd annual general meetings of...

By Realnewsmagazine on May 23rd, 2017

ABUJA May 23 – Nigeria sees “slow movement” towards economic recovery, a spokesman for the presidency said on Tuesday. He was referring to data showing that Africa’s biggest economy shrank by 0.52 percent in the...

By Joseph Okafor on May 23rd, 2017

LAGOS May 23  – Nigeria will exit recession by the end of the third quarter, central bank governor Godwin Emefiele said on Tuesday. Emefiele also told reporters the bank wanted to end the spread between the black market and official...

By Joseph Okafor on May 23rd, 2017

May 23, 2017 The Central Bank of Nigeria (CBN) yesterday, injected over $205 million in to the foreign exchange market. This is com­ing on the heels of the outcome of the ongoing Monetary Policy Com­mittee meeting in Abuja. A breakdown...

By Joseph Okafor on May 23rd, 2017

Lagos — In a move to towards increasing credit to priority sectors of the nation’s economy, Zenith Bank Plc, United Bank Plc and three other commercial banks invested N245.8 billion to Central Bank of Nigeria (CBN) Real Sector...

By Joseph Okafor on May 22nd, 2017

Mon Apr 10, 2017 3:56pm GMT DUBAI/LAGOS, April 10 – The Nigerian arm of Abu Dhabi telecom group Etisalat is yet to agree a deal on restructuring a $1.2 billion loan with local banks after it missed a payment, a company source...

By Joseph Okafor on Apr 10th, 2017