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NBS: Nigerian capital importation rises to $6303.63 million

The National Bureau of Statistics, NBS, says Nigerian economy saw a continuous growth in total Capital Importation into Nigeria in the first quarter of 2018, the fourth consecutive quarterly increase since Q2 2017.

CBN: 2019 election spending may increase inflation

The deputy governor at the Central Bank of Nigeria, Aishah Ahmad, says the anticipated spending for the 2019 election may have inflationary effects on the economy.

Kemi Adeosun: We won’t be complacent on oil price rise

The Minister of Finance, Mrs. Kemi Adeosun, Thursday, in Abuja, held high-level discussions with visiting World Bank Mission, assuring that Nigeria would not be complacent on account of rising crude oil prices.

Nigeria secures $17.8bn investment commitment in first quarter – NIPC

The Nigerian Investment Promotion Commission on Thursday said that in the first quarter of this year, states received a total investment commitment of $17.88bn.

IMF urges Nigeria to expand tax base, streamline currency policy

Nigeria should widen its tax revenue base to finance growth-enhancing upgrades to the nation’s infrastructure and social programs, said a senior International Monetary Fund official.

World Bank: Nigeria’s GDP growth is over two per cent

The World Bank has said that since Nigeria emerged from recession, its Gross Domestic Product (GDP) growth in 2018 is expected to be a little over two per cent, and largely oil sector driven.

Britain suffers severe slowdown one year before Brexit

Britain's economy suffered a sharp slowdown in the first quarter with the weakest growth rate since 2012, official data showed Friday in a gloomy sign one year before Brexit.

Lagos government receives $43 billion investment proposals in three years

The Lagos State Government on Thursday said the state received over $43 billion worth of investment proposals in the last three years.

Federal government hails IMF projection of Nigeria’s economy

The Federal Government has expressed satisfaction over the economic outlook by the International Monetary Fund (IMF) of Nigeria, especially in 2018.

Lagos government generates N103.5 billion revenue in Q1 2018

The Lagos State Government generated an Internally-Generated Revenue (IGR) of about N103.5 billion for the first quarter of 2018.
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Video: How to attract more investment to Nigeria – Emir Sanusi

The Emir of Kano, Muhammadu Sanusi II, has called for attitudinal change to attract more foreign direct investment into Nigeria.

Senator Udoma: Rate of economic growth still too slow

The minister of budget and national planning, Senator Udoma Udo Udoma, says the rate of economic growth in Nigeria is still too slow.

IMF: Trade tensions, debt load threaten world economy

The International Monetary Fund's policymaking committee said Saturday that a strong world economy is threatened by increasing tension over trade and countries' heavy debt burden. Longer-term prospects are clouded by sluggish growth in productivity and aging populations in wealthy nations.

Kemi Adeosun: 20% debt to GDP not toxic to Nigeria’s economy

The Minister of Finance, Kemi Adeosun, has said that at 20 per cent Debt to Gross Domestic Product (GDP), Nigeria’s foreign debt level does not pose any risk to its financial stability and economy.

SGF commends motor dealers for contributions to GDP

The Secretary to the Government of the Federation (SGF), Mr Boss Mustapha, has commended motor dealers in the country, for contributing N400 billion to her Gross Domestic Product (GDP).

World Bank chief urges Africa to adopt digitilised economies method

The World Bank Group President, Mr Jim Kim, has urged African countries to grow with the ditilised economies and the spread of advanced technologies, in order not to lose millions of jobs.

NEPC: Cocoa produce key to economic diversification

The Nigeria Export Promotion Council (NEPC) has urged state governments to engage in resuscitation of cocoa produce for export, to reduce over dependence on petroleum.

IMF: Nigeria to grow by 2.1 percent this year

The International Monetary Fund says Nigeria, the sub-Saharan Africa’s most-populous nation and top crude producer, will grow by 2.1 per cent this year, matching the lender’s estimate released in January.

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NBS: Nigeria’s economy grew by 1.95 percent in Q1 2018

Nigeria’s Gross Domestic Product grew by 1.95 per cent year-on-year in real terms in the first three months of this year.

INEC: 5,000 PVCs ready for collection in Bwari

The Independent National Electoral Commission (INEC) in Bwari, Abuja, said on Monday that 5, 000 Permanent Voter Cards (PVC’s) were now ready for collection.

Facebook to hear EU Parliament hearing live

Facebook Chief Executive Officer, Mark Zuckerberg’s upcoming meeting with European Union lawmakers regarding global data scandal involving Facebook will now be streamed live online, the European Parliament’s president confirmed, on Monday.

Zimbabwe parliament summons Robert Mugabe to May 23 hearing

A Zimbabwe parliament committee has summoned former president Robert Mugabe to give evidence on Wednesday about diamond corruption alleged to have cost billions of dollars during his rule.

Justice Okon Abang rejects defence lawyer’s request to withdraw after Olisa Metuh’s fall

Mr. Emeka Etiaba (SAN), a defence lawyer to a former National Publicity Secretary of the Peoples Democratic Party, Mr. Olisa Metuh, announced his withdrawal from the case during the Monday’s proceedings of Metuh’s trial before the Federal High Court in Abuja.