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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.
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.
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 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.
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 - 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
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...
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...
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...