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Aliko Dangote Pumping Billions Into Agriculture

AFRICANGLOBE - Against the background of Nigeria’s economic vulnerability, President of Dangote Group, Aliko Dangote has stated that the current efforts of the Nigerian Federal Government at diversifying the economy to an agriculture-centered economy remain the viable solution to creating a healthy economy.

Nigeria Beyond 2015: Insights On Africa’s Largest Economy

AFRICANGLOBE - At a GDP growth rate of 7.3% and a population of over 160 million, Nigeria could be argued to present the best opportunity for many investors, including South Africans, looking at the African continent.

America Shuns Nigerian Oil

AFRICANGLOBE - The search for alternative energy by the Obama administration has begun to take a toll on Nigeria's crude oil export as the U.S. for the first time failed to import a single barrel of oil from Nigeria.

As U.S. Gradually Closes Door, Nigeria Turns to China to Boost...

AFRICANGLOBE - With United States government threatening to massively cut down on its oil imports in the wake of its discovery of shale oil, Nigeria, one of its major suppliers, is beginning the frantic search for new customers if its economy is not to be negatively impacted by the development.

Nigerian Economy is Doing Well – Okonjo-Iweala

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.

No Cause for Alarm On Nigeria’s Economy

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.

Ensure Nigeria’s Industrialisation Before End of Jonathan’s Tenure

AFRICANGLOBE - Nigeria's Minister of Trade and Investment, Olusegun Aganga, has challenged the Industrial Training Fund, ITF, to ensure that the Nigerian economy is fully industrialized before the end of President Goodluck Jonathan's administration.

Nigeria’s Economy Is Strong’, FG Replies Bill Clinton

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.

Nigeria’s Economy Oficially the Larrgest in Africa After Overtaking South Africa

AFRICANGLOBE - Nigeria has achieved impressive economic growth between 1999 and 2010, as the economy grew fifteen fold from US$36 to nearly US$555 billion, according to “The 2012 Gender in Nigeria Report by the British Council, Nigeria”. The report states that the figure of US$555 billion “may even be an underestimate

Nigerian Economy Grows 6.28 Percent

The Nigerian economy grew by 6.28 per cent in the second quarter of this year, driven by non-oil sector growth, while inflation fell for...

Nigerian Economy Leads Africa in Economic Performance – Survey

The Global Economic Conditions Survey has rated the Nigerian economy as the leader in African economic performer in the second quarter of 2012. The survey...

Nigerian Economy Third Fastest Growing in the World

Despite security challenge posed by the Boko Haram sect and other issues, Nigeria's economy recorded an unprecedented growth as it is said to be...

Nigeria U.S. to Invest U.S.$1.5 Billion in Power Generation

The United States Tuesday declared its readiness to invest as much as $1.5billion in the Nigerian Power Sector through its various private sector companies...

Nigerian Govt Secures Big New Investments

Nigeria's Federal Government has secured about N2.2 trillion investment commitment from foreign and local investors for the non-oil sector of the Nigerian economy which will be invested in the country within the next 12 months.