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Economists at Financial Derivative Company (FDC) have said the country will experience a rise in the inflation rate and a further decline in its foreign exchange reserves as the government juggles various options to steady the economy on the path of growth in the year.
Sub-Saharan Africa’s economy will accelerate going into next year but could be derailed as the world moves onto an uncertain path that could bring an end to the recent synchronized uptrend, a Reuters poll showed yesterday.
The declining fortune of the naira in the Investors and Exporters (I&E) window is expected to continue this week even as the Central Bank of Nigeria (CBN), in a bid to defend the nation’s currency injected $540 million into the window in July.g
Analysts have presented different possibilities for the Nigerian economy after the February and March elections, with most of them saying that a change in political leadership would most likely inspire hope and engender economic growth.
As the National Bureau of Statistics (NBS) releases its December 2018 inflation figures this week, leading research firms in the country, FSDH Research and Financial Derivatives Company (FDC), said in their forecasts at the weekend that the nation’s inflation rate for December 2018 would increase.
Should oil prices continue to decline and fall below Nigeria’s Medium Term Expenditure Framework (MTEF) benchmark of $60 per barrel, the impact on the country’s economy could include the naira depreciating to $380/$, analysts at Financial Derivatives Company (FDC) have predicted.
The major sponsor of the Nigeria Football Federation, AITEO Group, has threatened to withdraw its support for the federation if the ongoing crisis plaguing the football administration in the country is not resolved.
The leadership of the Nigeria Football Federation (NFF) led by Amaju Melvin Pinnick, has refuted claims of corruption leveled against it and insisted that it has no formal invitation to face any anti-corruption agency.
Some Ugandan MPs have rejected the cash released by Parliament to facilitate consultations on a bill seeking to scrap presidential age limit.
Uganda's opposition leader Kizza Besigye was arrested again Wednesday just five hours after being charged with inciting violence and released on bail, a leader of his political party told AFP.
Uganda’s parliament on Wednesday took the first step towards scrapping the presidential age limit that would allow long-standing ruler Yoweri Museveni to stay in power.
According to the publicity secretary of IPOB, Emma Powerful who disclosed this in a press statement he made available to Daily Sun, said that the reason for the shutdown was as a result of its widely used by those he said were determined to expose the ills of the present administration.
New Inter Milan signing Victor Moses will wear the No.11 shirt for his new club, I Nerazzurri have revealed.
The University of Abuja has suspended the ongoing admission of students due to what it described as irregularities in the process.
The Nigerian Navy fight against smuggling activities on the waterways has continued unabated as the command has arrested five suspects.and impounded 4 boats.
Nigeria has dropped on Transparency International‘s yearly corruption perception ranking, moving two places down to rank the world’s 34th most corrupt nation in the world.
Rivers State Governor, Nyesom Ezenwo Wike has declared that the Real Madrid Academy will empower upcoming football stars with the requisite formal education to effectively rule the sporting world.
The 31-year-old ‘Gypsy King’ will clash with fierce rival Wilder on 22nd February in Las Vegas for the WBC championship and vacant Ring title.
Former Uganda and Zamalek SC manager, Milutin “Micho” Sredojevic has emerged favorite for the Head Coach job of the Zambia national team, also known as Chipolopolo.
The wedding of Muhammad Garba Shehu and Zuwaira Umar Faruk, on Friday reconciled First Lady, Mrs. Aisha Buhari and Senior Special Assistant on Media and Publicity, Garba Shehu.
In the aftermath of the European Parliament, the legislative hand of the European Union (EU), having said that no progress has been made in the war against Boko Haram in Nigeria, President Muhammadu Buhari said things were a lot better.