Nigeria Out Of Worst Recession In 29 Years

The National Bureau of Statistics (NBS), who declared Nigeria’s worst recession in 29 years, said on Tuesday, that the west African country grew by using 0.55 percent in GDP phrases for Q2 2017. According to the Nigerian Gross Domestic Product file launched by way of NBS on Monday, the economic system recorded a effective growth after five consecutive quarters of contractions considering Q1 2016. The 0.55% growth recorded is 2.04% higher than the fee recorded in the corresponding quarter Read more [...]

N350 Billion Naira Released For Capital Projects – Confirms By  Adeosun

The Minister of Finance, Mrs. Kemi Adeosun, on Monday validated the launch of the sum of N350bn to Ministries, Departments and Agencies of the Federal Government for the implementation of capital projects contained in the 2017 budget. She verified the improvement completely to our correspondent at some point of a cellphone interview. The 2017 budget, christened: ‘Budget of Recovery and Growth, was once presented to the National Assembly on December 14, 2016, and exceeded by the lawmakers Read more [...]

Nigerian Currency (Naira) Is Viewed Range Against The U.S. Foreign Money

Kenya’s shilling is subsequent week anticipated to take its cue from a court ruling on a petition challenging the re-election of President Uhuru Kenyatta, whilst the Ugandan shilling is likely to weaken on extended demand for tough currency. NIGERIA * Nigerian naira is considered vary certain towards the U.S. forex subsequent week as weak demand coupled with extended greenback provide from the central financial institution and different sources grant assist for the nearby currency, traders Read more [...]