Nigeria’s economy, which ranked as Africa’s largest in 2022, is set to slip to fourth place this year and Egypt, which held the top position in 2023, is projected to fall to second behind ...

(Sunday Aghaeze/Nigeria State House via AP) Tinubu projected the economy would grow by at least 3.76% next year and listed infrastructure and social welfare programs among the government’s ...

A policy think tank, the Independent Media and Policy Initiative (IMPI), has said the nation’s economy is not performing badly nut moving towards a new and efficient model.. IMPI said publicly ...

ABUJA, May 12 (Reuters) - Nigeria's economy recorded its fastest growth in about a decade in 2024, driven by a strong fourth quarter and an improved fiscal position, the World Bank said on Monday ...

Nigeria’s economy grew at 2.7% last year, the lowest rate since the country’s recession in 2020, according to the state-run National Bureau of Statistics (NBS). The performance came on the ...

Economic growth drives much of what happens across the economy, including employment, education, health and living standards. Nigeria, like many countries in the world, experienced a post-COVID ...

Nigeria's central bank has ended its distorted foreign exchange rate, a move the new government in Africa's biggest economy hopes will help woo investors and stabilize the local currency.

The Financial Reporting Council of Nigeria (FRC) on Wednesday pointed out that Nigeria was not yet a hyperinflation economy. A statement signed by its Exec­utive Secretary/Chief Executive Officer ...

Only two years ago Africa’s biggest economy, Nigeria is projected to drop to fourth place this year. The pain is widespread. Unions strike to protest salaries of around $20 a month. People die ...

Nigeria’s currency adjustment is one of the largest anywhere for years: only the Ethiopian birr has seen a bigger move recently. Benefits of a weaker naira. In any developing economy, the most ...

Nigeria's leader on Wednesday presented a 27.5 trillion naira ($34.8 billion) spending plan for 2024 to federal lawmakers, with a focus on stabilizing Africa's largest but ailing economy and.

The World Bank's lead economist for Nigeria, Alex Sienaert, said during a presentation in the capital Abuja that the economy grew by 4.6% year-on-year in the fourth quarter of 2024, and pointed to ...