Category: Economy
The World Bank has projected Kenya’s economy to grow by 5.7 per cent in 2019, down from estimated growth of 5.8 per cent in 2018, an official said on Tuesday. Peter Chacha, Senior Economist at ...
The World Bank has cut its growth forecast for Sub-Saharan Africa for the year to 2.8 per cent from an initial 3.3 per cent, it said on Monday. In its latest report on the regional ...
The World Bank says it plans to step up facilities that will create jobs and promote economic development among the private sector in Anambra State. The Programme Development Specialist, World Bank, Mrs Anita Okemmili said ...
The African Development Bank (AfDB) says economic growth in East Africa has recorded the highest GDP among other regions on the continent. The statement released by the Development Bank on Friday indicated that the East ...
The International Monetary Fund (IMF) has noted that the oil refinery being developed by Dangote Industries Limited will increase Nigeria’s annual trade balance by $2bn. The IMF lamented that Nigeria, despite being a long-time crude ...
The African Development Bank (AfDB) says Nigeria’s recovery in 2018 from economic recession will have positive spillovers for West Africa’s regional growth trajectory over the short to medium terms. The President of the bank, Dr ...
The U. S. Department of State Bureau of Educational and Cultural Affairs (ECA) says Nigerians and other international students contributed 42.4 billion dollars to the U. S. economy in 2017/2018 session. A senior official of ...
Nigeria’s foreign exchange reserves have climbed to a six-month high of $44.14bn, according to data from the Central Bank of Nigeria on Thursday showed. The figure implies that the the external reserves have gained over ...
The President, Nigeria Chamber of Shipping (NCS), Mr Andy Isichei, said on Monday that constant gridlock on access roads to the Western ports was negatively impacting the economy. Isichei, in an interview with the News ...
Oil prices slipped on Monday, with concerns of a sharp economic slowdown outweighing supply disruptions from OPEC’s production cutbacks and from U.S. sanctions on Iran and Venezuela. Brent crude oil futures were at $66.73 per ...
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