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AFRICANGLOBE - “The macroeconomic malaise in both Russia and Nigeria as a result of the plunge in oil prices is a clear reminder to the East African economies that while oil and gas will open up new sources of government revenue and foreign exchange inflows, the other sectors of the economy should not be ignored. In any case, it would be prudent to direct the oil and gas revenues to facilitate the growth of manufacturing, services and agricultural sectors.”
AFRICANGLOBE - Nigeria has a strong, buoyant economy receiving billions of dollars of foreign and domestic direct investment in power, petrochemicals, agriculture and consumer goods, but it needs to grow faster to reduce poverty, its finance minister said.
AFRICANGLOBE - Nigeria has disclosed plans to use the World Economic Forum on Africa (WEF) in 2014 as a platform to lure more Foreign Direct Investment (FDI) into the country.
AFRICANGLOBE - Nigeria's economy was strong, stable and growing at 6.75 % GDP, which had been recognised by international rating agencies such as Fitch and Standard and Poor that upgraded Nigeria's rating at a time many developed economies were being downgraded.
AFRICANGLOBE - Coordinating Minister of the Nigerian Economy, Dr. Ngozi Okonjo Iweala and Governor Central Bank of Nigeria, CBN, Mallam Lamido Sanusi have told the International Monetary Fund, IMF, that there is no cause for alarm over Nigeria's economy.
AFRICANGLOBE - Nigeria's Minister of Finance, Dr. Ngozi Okonjo Iweala, has replied to critics of the Nigerian economy, saying the economy is buoyant and strong.Okonjo-Iweala, in a message put on social media, yesterday, dismissed reports of the poor performance of the economy and the management of the excess crude revenue.
AFRICANGLOBE - Following the approval of its strategy document and the progress made with its investment policy guidelines, Nigeria's Ministry of Finance has announced that the Sovereign Wealth Fund (SWF) is expected to commence investment in a variety of instruments by March 2013.
AFRICANGLOBE - The Nigerian Police has confirmed the release of Prof. Kamene Okonjo, mother of Nigerian Finance Minister Ngozi Okonjo-Iweala, five days after her...
Arican countries should rebuild their fiscal buffers and diversify their economies away from commodities in order to protect themselves from another possible global downturn,...
Nigeria's federal government has renewed its commitment to diversifying the nation's economy to ensure the country depends less on crude oil as its major...
I would like to congratulate Dr Jim Yong Kim on his emergence as President of the World Bank Group. I look forward to working...
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