Macro-Economy Sector Highlights

News 2

ECONOMY, monthly reviews of the different sectors of the nation’s economy as published by select local newspapers. 

2016 Highlights


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  • Capital importation drops by $2bn in one year –The Guardian
  • Non-oil sector growth looks positive amid Q2 decline –Punch 
  • “2016 budget may not achieve target”, says Babatunde Fashola (Minister of Power, Housing and Works) –Punch 
  • Lagos State pays N918mn to 180 retirees –Punch 
  • Senators and Reps earn N6.78bn in one year –Punch 
  • Recession: FG’s non-oil revenue shrinks by N134bn –Punch
  • FG targets $100bn from Indian agric market –Punch 
  • Nigeria’s trade grows by 49% in Q2 2016, as deficit drops –The Guardian 
  • FG to raise N952bn through treasury bill sales –Businessday 
  • Naira devaluation reduces Nigeria’s trade deficit by 44% –Punch
  • Nigeria and Pakistan’s trade volume hits $1bn –Punch 
  • Nigeria to borrow from World Bank, China and Japan –Punch 
  • Ogun State earns N12bn in seven months –The Guardian 
  • Vehicle import into Nigerian ports down 67% as traffic diverts to Cotonou –Businessday 
  • Kwara State generates N1.5b monthly as IGR –The Guardian 
  • Nigeria losing $8bn in tourism revenue –Punch
  • EU’s new €315bn investment plan to boost growth in Africa and the Middle East –Businessday 
  • Nigeria to raise $1bn in Eurobond market –The Guardian
  • Inflation rate increases to 17.6% –Punch 
  • S&P cuts Nigeria credit rating due to oil production drop –The Guardian 
  • Investment inflow shrinks by $2.1bn –Businessday 
  • Labour urges intervention over salaries slash by 50% –The Guardian 
  • Dangote says Nigeria needs $15bn to boost economy –Businessday 
  • Nigeria-China Business Council to invest $60bn in development of LGAs –Businessday 
  • FG targets 7% GDP contribution from mining –Punch
  • AfDB to lend Nigeria $4.1bn –Punch 
  • “Nigeria losing $200bn to non-passage of PIB”, says NEITI –Punch 

  • FG spends $2.4bn to drag country out of recession–Businessday 
  • Seme Customs records over N1bn revenue in September –Businessday
  • IMF begins zero interest lending for low income countries–The Guardian
  • CBN renews strategy for Naira-Yuan swap deal –The Guardian 
  • FG has released N3.9trn of 2016 budget –Punch
  • US commits additional $92mn to fight poverty in Nigeria –Businessday 
  • Lagos State generates N97.3bn; expends N110.2bn in Q3 2016 –The Guardian
  • Nigeria and Iran partner to strengthen trade relations –The Guardian
  • Nigeria spends N100bn on imported textile annually –Businessday
  • Nationwide job centres ready by March 2017 –Punch
  • IMF projects Nigeria as Africa’s biggest economy; ahead of South Africa and Egypt –Businessday 
  • Container shipping firms may earn $143bn this year –The Guardian 
  • Nigeria still 21st worst country to do business in –Businessday 
  • Revenue dips by N90.27bn as governments share N420bn –Punch 
  • Kogi overhauls revenue system, to begin TSA –The Guardian
  • British economy grows 0.5% in quarter post Brexit vote –The Guardian
  • Nigeria sets 3-year timeline to achieve 7% tax to GDP ratio –Businessday
  • Govt to raise $25.46bn from World Bank, IDB and AfDB –Punch  
  • FG has $500mn commitment for $1bn Eurobond Punch  
  • Nigeria services foreign debts with $1.62bn in 5 years –Punch
  • Nigerians in diaspora remit N23.5trn to economy in 5 years –The Guardian 

  • Capital importation drops by $2bn in one year –The Guardian
  • Non-oil sector growth looks positive amid Q2 decline –Punch 
  • “2016 budget may not achieve target”, says Babatunde Fashola (Minister of Power, Housing and Works) –Punch 
  • Lagos State pays N918mn to 180 retirees –Punch 
  • Senators and Reps earn N6.78bn in one year –Punch 
  • Recession: FG’s non-oil revenue shrinks by N134bn –Punch
  • FG targets $100bn from Indian agric market –Punch 
  • Nigeria’s trade grows by 49% in Q2 2016, as deficit drops –The Guardian 
  • FG to raise N952bn through treasury bill sales –Businessday 
  • Naira devaluation reduces Nigeria’s trade deficit by 44% –Punch
  • Nigeria and Pakistan’s trade volume hits $1bn –Punch 
  • Nigeria to borrow from World Bank, China and Japan –Punch 
  • Ogun State earns N12bn in seven months –The Guardian 
  • Vehicle import into Nigerian ports down 67% as traffic diverts to Cotonou –Businessday 
  • Kwara State generates N1.5b monthly as IGR –The Guardian 
  • Nigeria losing $8bn in tourism revenue –Punch
  • EU’s new €315bn investment plan to boost growth in Africa and the Middle East –Businessday 
  • Nigeria to raise $1bn in Eurobond market –The Guardian
  • Inflation rate increases to 17.6% –Punch 
  • S&P cuts Nigeria credit rating due to oil production drop –The Guardian 
  • Investment inflow shrinks by $2.1bn –Businessday 
  • Labour urges intervention over salaries slash by 50% –The Guardian 
  • Dangote says Nigeria needs $15bn to boost economy –Businessday 
  • Nigeria-China Business Council to invest $60bn in development of LGAs –Businessday 
  • FG targets 7% GDP contribution from mining –Punch
  • AfDB to lend Nigeria $4.1bn –Punch 
  • “Nigeria losing $200bn to non-passage of PIB”, says NEITI –Punch 

  • Nigerians spend 60% disposable income on house rent –Vanguard 
  • FG to reduce imports to N8.79trn by 2019 Punch 
  • Nigeria to earn $507mn from hotels by 2020 –Businessday 
  • “N3.9trn lost annually to illegal non-oil exports”, says NEPC –Punch 
  • UK targets £11.6bn non-oil export FDI2 footprint in Nigeria by 2030 –The Guardian
  • Indonesia deepens trade ties in Nigeria with 7 companies –Vanguard 
  • Dangote to commence coal mining in Q4 2016 –Vanguard
  • Experts express cautious optimism on growth in H2 2016 –The Guardian 
  • FG borrows N600bn in six months Punch 
  • Over 51% of Nigerian homes cannot meet daily basic needs –The Guardian 
  • NEPC targets $150bn forex reserves with new strategy –Punch 
  • FG begins review of tax policy –Punch
  • “Export of agric products now enhances Nigeria’s revenue profile”, says Customs Comptroller –The Guardian 
  • Taraba State spends N288mn on sponsorship of 166 pilgrims to Saudi Arabia –The Guardian 
  • Customs generate N385.7bn revenue in 6 months –The Guardian 
  • Nigeria mined 222.2trn tonnes of solid minerals in 6 years Vanguard 
  • Pakistan to invest $250mn in Nigeria –The Guardian 
  • Nigerians to pay 9% tax on calls, SMS, MMS and Data –Vanguard 
  • “15mn people affected by insecurity crisis in North-East”, says NEMA –The Guardian 
  • Terminal operators lost N58.9bn in earnings in 10 years –Vanguard
  • FG cautions against reducing workers’ salaries and work hours –The Guardian 
  • FX reform brings in $270mn, first major foreign investment –Businessday 
  • 1.2mn unemployed Nigerians so far enrol for N-Power scheme –Businessday 
  • Nigeria’s GDP declines by 2.06 % in Q2 2016 –Vanguard 

 

  • External reserves drop to $26.33bn –Punch 
  • SEC plan to make the Nigerian capital market electronically driven –The Guardian 
  • Insurance industry contributes less than 1% to GDP –The Guardian
  • FG spends N446bn to service debt in four months Punch
  • New forex policy raises import duty by 43% –Punch
  • Ghana blames power outage on Nigeria’s oil sabotage–Punch 
  • “90% of containers leave Nigeria empty”, says NPA –Punch 
  • FG spends N6.24bn on pensions monthly –Punch
  • FG, states, others borrow N224bn from bond market –Punch 
  • DMO to sell bonds worth N120bn on July 13 –Punch 
  • Under-performance costs Nigeria 70,000 jobs –Punch 
  • Lagos State pays N895.52mn to 256 retirees –Punch 
  • Private equity investment to rise by first half of 2017 –The Guardian 
  • FG yet to issue import guidelines –Punch 
  • FG appoints firms to audit parastatals and agencies’ remittances –Punch 
  • World Bank and NESG seek to boost Nigeria’s competitiveness Punch 
  • RMAFC wants VAT raised to 10% –Punch 
  • Ikeja customs generate N1bn in 6 months –Punch 
  • Nigerian inflation rises to near 11-year high–The Guardian 
  • “Nigeria’s economy may contract by 1.8% in 2016“, says IMF Punch
  • FG issues guidelines on wood exports –Punch 
  • Govt revenue rises by N301bn; FAAC allocates N559bn –Punch 
  • FG begins process to standardise exports–Businessday 
  • Bilateral agreement: Nigeria and Iran forge trade partnership –Businessday 
  • Osun State to help job seekers with employment services–Punch 
  • Nigerian-British Chamber records N47mn top-line –Businessday 
  • FG targets N10.2trn increase in GDP –Punch
  • 70% of June allocation originated from non-oil sector, says Fowler (Executive Chairman, FIRS) –Punch 
  • Nigeria to earn $507mn from hotels by 2020 –Businessday
  • N3.9trn lost annually to illegal non-oil exports –Punch 

 

  • Kwara reduces bond proposal to N10bn –Punch
  • Nigeria records first trade deficit in seven year; balance of trade dips by N793.5bn –Punch
  • Foreign companies’ funds trapped as Nigeria dithers on naira –The Guardian 
  • Lagos pays N1bn to 257 retirees –Punch
  • Economies need $10trn to eradicate poverty by 2030 –The Guardian
  • World Bank slashes Nigeria’s growth forecast –Punch
  • FG generates N586.17bn from taxes in 90 days –Punch 
  • Nigeria inflation hits six-year high –The Guardian 
  • FG releases N280bn to six ministries and 50 agencies –Punch 
  • FG secures N90bn conditional loan for states –Punch
  • Africa spends $35 bn on food importation EU woos Nigeria with N1.4trn EPA offer –The Guardian
  • FG to raise foreign borrowing to 40% –Punch
  • Fitch lowers Nigeria’s ratings due to forecasted contraction –Punch 
  • Africa Secretariat provides measures to create 60mn jobs –Punch
  • FG moves to decongest seaports ; inaugurates ICD committee –Punch 
  • NERFUND’s closure threatens N7bn loan recovery –Punch 
  • FG releases N109bn for capital projects –Punch 
  • Nigeria seeks $50bn oil investment from China and other countries –Punch 
  • “N2.56trn domestic debt repayment poses high risk to economy”, says DMO –Punch
  • New forex regime fails to attract petrol imports –Punch
  • Senate plans review of 45 trade laws –Punch 
  • FG to borrow N395bn via bonds –Punch 

 

  • FEC approves 34 priority programmes for implementation –Thisday  
  • Total foreign capital importation declines significantly to $710.97mn in first quarter –Thisday
  • IMF puts Sub-Saharan Africa and Nigeria's growth at near two-decades low –The Guardian
  • Nigeria risks $500mn holdings as MSCI exit looms –Businessday
  • “N1trn lost to fraud in govt MDAs”, says FRC –Punch
  • IMF lowers Nigeria’s 2016 growth projections to 2.3% –Businessday 
  • Traders’ group warns against arbitrary commodity price increase –Punch
  • Job losses loom at NIPOST –Punch 
  • Stock market loses N35bn over negative GDP growth –Punch
  • Non-oil exports 6% contribution pushes CBN to float N550bn stimulation fund –Businessday
  • Kwara dumps plan for N20bn bond –Punch
  • FG inaugurates committee on AMCON loans recovery –Punch

 

  • Unemployment rate to rise in Q1 2016 as budget implementation drags –Businessday 
  • IMF growth downgrade signals urgency for Nigeria policy response –Businessday
  • Nigeria losing billions of dollars to maritime sector mismanagement –Businessday
  • Nigeria to play key role in Afreximbank $250bn intra-African trade strategy –Businessday 
  • Customs Command generates N963.7mn in March –The Guardian 
  • Nigeria risks $500mn holdings as MSCI exit looms –Businessday 
  • IMF lowers Nigeria’s 2016 growth projections to 2.3% –Businessday 
  • FG targets 12 full-month implementation of 2017 budget –Businessday 
  • “Monthly import bill averages N102 bn”, says CBN –The Guardian
  • “FG recorded N289bn fiscal deficit in Q4”, says CBN –Punch 
  • Lagos to host $3.5bn world's largest FPSO next year –The Guardian 
  • Nigeria loses $2.9bn annually to unnecessary tax waivers –Businessday 

 

  • Worsening economy threatens 100,000 tourism jobs –The Guardian 
  • Nigeria, Turkey trade volume hits $1.15bn –ThisDay 
  • “TSA funds hit N3trn”, says Kemi Adeosun (Minister of Finance) –BusinessDay 
  • Nigeria/India trade relations reach $16.36bn –BusinessDay 
  • “Kwara targets N30bn investment in 3 years", says Alhaji Abdulfatah Ahmed (Kwara State Governor) –BusinessDay
  • “OPS needs N5.4trn to diversify economy”, says Prince Iweta (President of Sapele Chamber of Commerce, Industry, Mines and Agriculture) –Vanguard 
  • “Over 125,000 jobs created by Kaduna govt”, says El-Rufai (Kaduna State Governor) –Daily Trust 
  • Electronic payments add $640mn to Nigeria’s GDP in five years –The Guardian 
  • Unemployment:NEPC to create 1.5mn jobs -Vanguard  
  • FG targets 3.5mn jobs in 3 years FG, states, LGs share N345bn as February revenue –Vanguard
  • “Nigeria’s GDP can hit $6.4trn by 2050 through diversification”, says PwC report –The Guardian 
  • FG to focus on rail and inland waterways for trade facilitation –Vanguard 
  • FG to stabilise economy with N350bn –Punch  
  • Nigeria has over 5,000 exportable products –Punch
  • NEXIM Ban and Shippers Council plan trans-regional shipping line –Vanguard
  • CBN creates 6mn jobs through intervention funding –Vanguard
  • Forex scarcity may cause massive unemployment –Punch

 

  • Edo pays gratuity to 539 pensioners –BusinessDay  
  • Corruption could cost Nigeria 37% of GDP in 2030, according to PwC report –Vanguard 
  • US firms are boosting the Nigerian economy; pay $5.1bn taxes in 2014 –BusinessDay 
  • TSA to cut N2.2trn budget deficit –The Guardian
  • FG parleys with banks, oil majors over $4bn debt financing –The Guardian  
  • Non-oil exports slide further by 25% –BusinessDay 
  • SMI2 index shows Nigeria economic growth on course –BusinessDay 
  • Nigeria saves N188.2bn capital flight from technology transfer initiatives –The Guardian 

 

Abia proposes N97bn for 2015 fiscal year –BusinessDay http://businessdayonline.com/2016/01/abia-proposes-n97bn-for-2016-fiscal-year/
Lagos opens N25bn trust fund for unemployed residents –The Guardian http://www.ngrguardiannews.com/2016/01/lagos-opens-n25b-trust-fund-for-unemployed-residents/
Ogun pledges prompt payment of pensions and earmarks N8bn for gratuities –BusinessDay http://businessdayonline.com/2016/01/ogun-pledges-prompt-payment-of-pensions-earmarks-n8bn-for-gratuities/#.VpdjERUrKM8
“Nigeria's economy to recover in 2016” says, Lagarde (IMF1 president) –The Guardian http://www.ngrguardiannews.com/2016/01/nigerias-economy-to-recover-in-2016-lagarde/
Nigeria lags behind South Africa in ease of registering property and doing business –BusinessDay http://businessdayonline.com/2016/01/nigeria-lags-behind-safrica-in-ease-of-registering-property-doing-business/
World Bank projects 4.6% growth for Nigeria’s economy –The Guardian http://www.ngrguardiannews.com/2016/01/world-bank-projects-4-6-growth-for-nigerias-economy/
Swiss govt to repatriate $300mn to Nigeria –The Guardian http://www.ngrguardiannews.com/2016/01/swiss-govt-to-repatriate-300-million-to-nigeria/
FG approves $200mn World Bank loan for Lagos –ThisDay http://www.thisdaylive.com/articles/fg-approves-200m-world-bank-loan-for-lagos/230285/
N37bn debt threatens Nigeria's food security –BusinessDay http://businessdayonline.com/2016/01/n37bn-debt-threatens-nigerias-food-security/
Customs generates N904bn for 2015 amid lowering imports and porous borders –BusinessDay http://businessdayonline.com/2016/01/customs-generates-n904bn-for-2015-amid-lowering-imports-porous-borders/
Govt may earn N2.5bn daily from N50 stamp duty –The Guardian http://www.ngrguardiannews.com/2016/01/govt-may-earn-n2-5b-daily-from-stamp-duties/
NEPC in push to raise non-oil exports to $30bn –BusinessDay https://businessdayonline.com/2016/01/nepc-in-push-to-raise-non-oil-exports-to-30bn/
Kwara Assembly approves N2.7bn loan for salaries and official vehicles –The Guardian http://www.ngrguardiannews.com/2016/01/kwara-assembly-approves-n2-7b-loan-for-salaries-official-vehicles/
Nigeria to benefit from $200bn foreign investment –Punch http://www.punchng.com/nigeria-to-benefit-from-200bn-foreign-investment/

 


2015 Highlights

  • Nigeria's inflation edges to 9.4% on high petrol costs –BusinessDay 
  • Nigeria's export to Spain reach €6.2bn –BusinessDay 
  • Oil prices fall below government's 2016 budget benchmark –The Guardian 
  • FDI growth puts Nigeria at an advantage in 2016 –ThisDay 
  • Nigeria's capital spending totals N138bn as at September 2015 –BusinessDay 
  • Enugu targets roads and infrastructure with N85bn budget –The Guardian 
  • Nigeria receives more than 100 foreign investors in 7 months –The Guardian 
  • Senate to probe alleged N117bn rice scam –The Guardian 
  • FG to digitalise civil service operations in 2016 –The Guardian 

  • Report foresees low prospect for businesses in 2016 over global slowdown –BusinessDay 
  • Total spend on MDGs of over N3trn fails to raise Nigeria's low human development index –BusinessDay 
  • Budget spend of N8trn drive FG into debt market –BusinessDay 
  • FG plans N2.5trn special intervention fund –BusinessDay 
  • Nigeria's exports to Japan in 2014 valued at $4.5bn –ThisDay 
  • Exporters seek single digit interest rate to boost exports –ThisDay 
  • Nigeria makes $250mn contribution to sovereign wealth fund –BusinessDay 
  • Nigerian import curbs hit South African retailers –BusinessDay 
  • FG to begin payment of N5,000 welfare package next year –Vanguard 
  • Nigerians getting poorer for first time since 1999 –BusinessDay 
  • Local exporters overlook $150bn ECOWAS market for Europe and America –BusinessDay 

  • Nigerian lawmakers rank 9th in global pay ranking –BusinessDay 
  • Higher food prices push inflation to 9.4% –ThisDay 
  • Nigerian CEOs (Telecoms) seek 25% contribution to GDP –ThisDay 
  • Nigeria/Turkey trade volume hits $2.5bn –ThisDay 
  • Security, economy and infrastructure are top considerations in Lagos 2016 budget –BusinessDay 
  • Pension asset hits N5.03trn to date –BusinessDay 
  • Private sector tasked on capacity development to boost exports –BusinessDay 
  • Declining import volume in Nigerian seaports signals slow economic growth –BusinessDay 
  • EU budgets €6.5bn trade development grant for Nigeria –BusinessDay
  • FG, States and LGs share N390bn as revenue drops further –ThisDay  

  • Volatile oil price and fiscal uncertainties may cut GDP projection to 3.5 per cent - The Guardian
  • IMF sees weaker-than-expected global economic growth - Businessay
  • Africa to have just one low-income country by 2050 - Businessday
  • CBN says Nigeria needs N9.6trn to bridge MSME funding - Businessday
  • “TSA: Ogun records 8.21% revenue increase within four years of implementation” says, Amosun(Governor, Ogun State) - Businessday
  • Nasarawa to get $1bn investment from China - Thisday
  • Nigeria may slide into recession as economic indicators flash red - Businessday
  • World Bank disburses N136.2mn to Delta councils for projects - The Guardian
  • Africa's poor to remain unchanged as World Bank moves poverty line - Businessday
  • US investors eye Nigeria's non-oil sector after P&G's $300mn stake - Businessday 
  • World Bank and others stake €230.5mn on Nigeria's non-oil export - The Guardian

  • Nigeria's unemployment rate moves up to 8.2% –BusinessDay 
  • Benue targets N1.2bn as IGR, embarks on tax drive –BusinessDay  
  • Customs rakes in N5.8bn in four months –ThisDay 
  • Economic storms from US to China elevate Nigeria’s risk –BusinessDay 
  • Economy takes bashing as best non-oil export constitutes 4% of total national income –BusinessDay 
  • Non-oil exporters outstanding NDCC claims hit N151bn –BusinessDay 
  • Vacancy rate surges 54% as over-supply hits prime commercial office space market –BusinessDay 
  • National ID card to confirm Nigeria's population –BusinessDay 
  • Kwara and Zamfara get CBN bailout funds –ThisDay 
  • Dubai investors to inject $10bn into Lagos economy ThisDay 

  • OPS warns that the Nigerian economy is threatened by non-payment of salaries –BusinessDay 
  • DMO Puts Nigeria's Debts at N12trn –BusinessDay 
  • FIRS generates N1.85trn in 6 months –BusinessDay 
  • Nigeria FDI inflows slip in 2014 –BusinessDay 
  • FG approves fresh N414bn for sharing –The Guardian 
  • CBN says Nigeria records N700bn mobile money transactions in 3 years –BusinessDay 
  • Nigerian economic situation gets messier as crude oil prices further decline –BusinessDay
  • Nigeria seeks global action on repatriation of stolen funds –BusinessDay 
  • Fuel crisis takes toll on food prices and inflation inches to 9.2% –BusinessDay 
  • World Bank unfolds $2.1bn fund to rebuild Nigeria's North East –BusinessDay 
  • Seven Energy secures $495mn to boost gas supply –BusinessDay 
  • Nigerian capital market lost N1trn since May 29-PDP –BusinessDay 
  • NIMASA generates N5.1tr in six years –The Guardian
  • Nigeria's external trade drops to $26.74 billion –The Guardian 
  • NLC weeps over $150bn looted funds across Nigerian states –BusinessDay  

  • Unilever attracts $80mn value-chain investment to Nigeria – BusinessDay 
  • MDGs record 80% success in intervention programmes – The Guardian  
  • Nigerian real sector to grow by 10% annually – BusinessDay 
  • Nigerian art auction makes N124.8mn in May – BusinessDay  
  • Nigeria's integration with global economy establishes a need for regulatory compliance – BusinessDay 

  • Nigeria may post current account deficit in 2015 –ThisDay 
  • Buhari to diversify economy from oil to agriculture and mining –BusinessDay 
  • NBS new statistics puts Nigeria's jobless rate at 6% –BusinessDay 
  • Nigeria's GDP growth rate declines further to 3.86% in first quarter –ThisDay
  • Nigeria to lead African hospitality market with 10.5% revenue gain –BusinessDay 
  • Nigeria to become Africa's first trillion dollar economy by 2030 –BusinessDay 
  • FCT to spend N174bn in 2015 –BusinessDay 
  • Nigeria to pay over N1.8bn severance package to exiting federal lawmakers –BusinessDay 
  • Nigeria set to join G20 economies as LADOL's $3bn Egina FPSO integration yard attains 75% completion –BusinessDay 

      • Nigeria trims 2015 growth forecast amid uncertainty over oil and naira –BusinessDay 
      • NBS sees 2015 inflation in single digit at 8.2% despite intense pressure on naira –BusinessDay 
      • Nigerians to spend $200mn annually on medical tourism –BusinessDay 
      • FG set to inject N250bn into FMBN –ThisDay 
      • Dearth of raw materials drops local input content to 48%BusinessDay
      • Nigeria records 22% participation in shaping post-MDGs global agenda –The Guardian 
      • Economy grows 5.9% in Q4 2014 according to NBS –BusinessDay
      • Licensing bottlenecks, skills gap stifling miners as Nigeria seeks alternatives to oil –BusinessDay 
      • Private sector sees RDAs closure raising production costs by 20% –BusinessDay

      • IMF warns of sharp contraction in Nigerian economy in 2015 –BusinessDay 
      • Naira value picks up after depreciating 15.15% in two months –BusinessDay 
      • Nigerian GDP to drop below 55% on naira due to falling oil price –BusinessDay 
      • Government recovers $30mn from foreign missions – BusinessDay 
      • FIRS online payment initiative boosts voluntary tax payment –BusinessDay 
      • Nigeria's foreign trade drops further to N5.74tn in Q4 2014 –Thisday 
      • Low trade volume between Nigeria and Ghana -The Guardian 
      • Nigeria's inflation rises 8.4% as weak naira weighs on imports -BusinessDay 
      • FEC approves final report on national conference -Thisday
      • Nigeria to post N2.4trn current account deficit in 2015, says EIU –Businessday
      • Art auctions rake in N224.8mn in 2014 –Businessday
      • FG to secure $2bn World Bank and AfDB loan to fund budget –Thisday
      • FG engages over 25,000 persons under SURE-P graduate scheme –Thisday

      • Nigeria trims 2015 growth forecast amid uncertainty over oil and naira –BusinessDay 
      • NBS sees 2015 inflation in single digit at 8.2% despite intense pressure on naira –BusinessDay 
      • Nigerians to spend $200mn annually on medical tourism –BusinessDay 
      • FG set to inject N250bn into FMBN –ThisDay 
      • Dearth of raw materials drops local input content to 48% –BusinessDay 
      • Nigeria records 22% participation in shaping post-MDGs global agenda –The Guardian 
      • Economy grows 5.9% in Q4 2014 according to NBS –BusinessDay 
      • Licensing bottlenecks, skills gap stifling miners as Nigeria seeks alternatives to oil –BusinessDay 
      • Private sector sees RDAs closure raising production costs by 20% –BusinessDay

      • Naira pressure continues despite CBN measures as markets resume –Businessday
      • Imo budgets N141.2bn for 2015 appropriation –Businessday
      • Ogun empowers 30,000 women entrepreneurs with N700m –Businessday
      • Ogun employs 50,000 youths in 43 months –The Guardian
      • Commodity brokers move to support FG's non-oil export plans –Businessday
      • External reserves rises marginally to $34.513bn –ThisDay 
      • Foreign firms sabotaging Nigeria's rice policy owe FG N35.5bn –Businessday
      • National Assembly empowers FCT to generate own revenue –Businessday
      • World Bank projects developing countries' growth edge up to 4.8% –Businessday
      • FG abandons LPG policy for kerosene to make more money –Businessday
      • Police spend $398m on bonus project as gas insecurity rages –Businessday
      • “Reassess your monetary and fiscal policies”, says IMF to Nigeria –ThisDay 
      • Nigerian-American chamber to promote non-oil exports –ThisDay 
      • Nigerian International debt fund to pay N25m final coupon -ThisDay 

2014 Highlights

      • Nigeria, democracy, and the economy -BusinessDay
      • Government to tap insurance sector's potential –The Guardian
      • Global shocks, policy response, Nigeria's economy (2) –The Guardian
      • ILO laments stagnation of global wage increment –The Guardian
      • How to ensure sustainable development –The Guardian
      • Nigeria's export revenue to drop 36% as new oil dynamic lingers –BusinessDay
      • FG to lose N24bn subsidising crude palm oil importers –BusinessDay
      • PAAR: Customs' revenue grows 23.4% to N950bn in 11months –BusinessDay
      • Expert Recommends Masses Oriented Approach to Nation Building –Thisday
      • Mulk Holdings invests $40m in Nigeria for shopping mall –Thisday
      • Labour to demand wage review amid sliding oil prices –BuisnessDay
      •  “Nigeria needs N18.9trn to revitalise power, transport sectors”, says BPE –BusinessDay
      • Fayose presents N80.774bn 2015 budget The Guardian 
      • Adequate indigenous capacity key to maritime sector growth –The Guardian

      • Naira pressure to continue on declining oil price, external reserves – BusinessDay
      • “Nigeria attracts $59 billion investment in 3 years, as economy diversifies”, says Olusegun Aganga – BusinessDay
      • Nigeria ranks low on domestic credit among BRICS, MINT's economies – The Guardian
      • MDAs spend N2.27 trillion outside budget, says Auditor-General – BusinessDay
      • As oil trends lower, Nigeria adopts measures to stem impact on economy – BusinessDay
      • UK renews interest in Nigeria's economy, eyes capital market – BusinessDay
      • Nigeria overtakes South Africa, has the highest number of wealthy people in Africa - ThisDay
      • FG committed to job creation, financial inclusion for women, says CBN governor – BusinessDay
      • Experts push for taxation, fiscal buffers, strong institutions to hedge falling oil prices – BusinessDay
      • Shock as CBN finally devalues naira; hikes rates to save economy – BusinessDay

      • Ten-year capital market master plan due in November  Thisday
      • Why Nigeria's ranking in World Bank Doing Business report may slump Businessday
      • Phone makers relish N938.3 billion prospect as handset market booms Businessday
      • Nigeria ranks second in occupational fraud, abuse in sub-Saharan Africa   Businessday
      • Nigeria's new auto policy drops import by 20% Businessday
      • NBS developing appropriate Living Standards Index for Nigeria   Businessday
      • Labour threatens strike over decentralisation of minimum wage Thisday
      • Growth in insurance business seen in agric, power sector reforms   Businessday
      • “FG needs $5 billion for economic stability”, says Okonjo-Iweala   The Guardian
      • Nigeria at par with world's best as Stock Exchange joins WFE  Businessday

      • Weak public finance, lower oil exports dim Nigeria's global competitiveness Businessday
      • Nigerian Diaspora remittances reach $10.4 billion H1 Businessday
      • Economic benefits of new national e-ID card Thisday
      • GDP rises to 6.54% in second quarter Thisday
      • Economy generates 500,224 new jobs in six months The Guardian
      • Three million jobs to be created as Jonathan inaugurates Presidential Jobs Board Thisday
      • 66,402 mortgage applications in a month affirm Nigerians' huge housing challenge Businessday
      • NBS data shows Lagos outperforms 13 other states in IGR Businessday
      • Nigeria earns $40 billion from non-oil exports in six months The Guardian
      • NAICOM to consolidate industry's goals with new insurance development roadmap  Businessday

      • Online shopping rises to N78 billion, driven by middle class, cashless policy This Day
      • Nigeria's online store transactions hit N1.3 billion monthly Business Day
      • Rising middle-class marks new wave of consumerism in Nigeria Business Day
      • Local brands need to re-strategise to tap into N14.7 trillion consumer market Business Day
      • Nigeria business confidence index falls 5% Business Day
      • Foreign whiskey brands eye Nigeria's $2.84 billion alcohol market Business Day
      • Food and beverage industry shows stronger growth as investments rise 54%  Business Day
      • Food sub-sector dominates Nigeria's $3 billion non-oil exports Business Day
      • Nigeria's middle class jumps six-fold to 23 million in 14 years, says Standard Bank  Business Day
      • Metal/steel sector shows promise as output hits N63.14 billion Business Day

      • Vehicles' prices rise as 70% tariff begins today    The Guardian
      • Debt-to-GDP ratio drops to 13%, says DMO    Businessday
      • Nigeria's non-oil export products rise to 117 products as orders hit N3.72 bn     Businessday
      • FG, private sector move to sell $2.9trn infrastructure master plan to investors     Businessday
      • Nigeria GDP rebasing cuts 2013 growth to 5.49%     SABC
      • Government earns N790b revenue, records 14.8% decline    The Guardian
      • Investors reap gains as equity fund assets reach N45bn      The Guardian
      • Nigerians tap into Africa's growing $1.5bn luxury market     Businessday
      • Lagos records 106% Q2 budget performance    Businessday
      • Yearly global loss to piracy, counterfeiting reaches N88tn   Thisday

      • Investors bet on Nigeria's economic growth overshadowing unrest    Businessday 
      • Non-oil receipts plunge 32%, bloat fiscal deficit by N416bn Q1     Businessday
      • Cinema culture attracts over N10bn investments in big screen business    Businessday
      • Nigeria to reap $1.1bn from growing hotel room revenue by 2018    Businessday
      • Nigeria's informal sector accounts for 57% of rebased GDP, says UN    Businessday
      • Population makes Nigeria retailers' delight in Africa   Businessday

      • FG's financial safety nets threatened as FIRS Q1 non-oil revenue down 25%    Businessday 
      • Rebased GDP shows huge growth, investment potential in 12 sectors    Businessday
      • World Bank to provide N320b yearly for job creation in Nigeria    The Guardian
      • Nigeria to benefit from $12bn Chinese Africa infrastructure fund    Businessday 
      • Growing population makes Nigeria retailers' delight in Africa    Businessday
      • Tax-to-GDP ratio drops to 12% on rebased GDP, says Chartered Institute of Taxation of Nigeria    Businessday
      • Trade between Nigeria/UK to hit £20bn in 5 years   Businessday
      • Nigeria's attraction draws $480m USTDA investment grant    Businessday 
      • Higher Food Prices Push Inflation Slightly to 7.9% in April    Thisday 
      • Nigeria's Foreign Trade Declines to N5.1 Trillion    Thisday

      • Nigeria's paints and coatings market looks up as infrastructure spending rises       Businessday
      • Health contribution to Nigeria's GDP put at 5%      Businessday
      • Nollywood springs surprise in GDP rebasing, leaps to N9trn     Businessday
      • Nigeria's non-oil exports hit $3bn     Businessday
      • World Bank's $242.3m loan positive sign for Lagos economy, says commissioner    NigeriaNews Agency
      • The Statistician-General of the National Bureau of Statistics and the Minister of finance, defend N80.2 trillion GDP   The Guardian
      • Rebasing exposes sectors ripe for potential growth explosion    Businessday
      • Senate okays N4.69tr 2014 budget, N7b confab vote     The Guardian
      • Non-oil exports to ECOWAS market rise to $375m     Businessday
      • Nigeria to be among 15 largest economies by 2050 with GDP of $4.5trn - Moody's    Businessday
      • Netherlands displaces US as Nigeria's topmost non-oil importer     Businessday
      • FG turns down $8.94bn regional trade agreement over weak industrial sector    Businessday

      • Concerns as foreign property vendors lure away investors    Businessday
      • Okonjo-Iweala: Nigeria suffering from resource curse     Thisday
      • Non-oil export earnings decline 41.5% as FG revenue falls 22.3%    Businessday
      • FG realises N397.7bn from privatisation in 2013     Businessday
      • Nigeria-Taiwan trade volumes hit $2.3bn    Daily Trust
      • FIRS generates N9.8trn revenue in two years     National Mirror
      • Nigeria second top destination in RMB's investment rankings    Businessday
      • Nigeria's GDP to expand to $3.5trn by 2050, says O'Neill    Businessday
      • Nigerian stocks experiencing worst sell-off since 2009        Businessday
      • E-commerce Attracts N8.25bn Foreign Investments     Thisday

NSE market capitalisation rises by 1.96 percent     News24

      • World Bank to invest $800m in water supply in Nigeria     Daily Newswatch 
      • Nigeria faces revenue shortfall as impact of shale boom on oil price looms     Businessday
      • Naira firms against dollar as CBN intervenes with $399.7m     Businessday
      • NSE introduces X-Alert notification system.     Thisday
      • Naira devaluation seen on CBN upheaval     Businessday
      • Nestle declares N24 per share final dividend for 2013     Thisday
      • Honeywell Flour Mills' Revenue grows by 24%     Thisday
      • Importers move to Ghana, Benin ports as slow processes in Nigeria hurt business     Businessday
      • Nigeria to experience drop in foreign direct investment in 2014' - Doyin Salami     Businessday  

      • Budget 2014 shows record debt expense as borrowing costs spike     Businessday 
      • 2014 budget: FG proposes N3.4m for utilities, materials in five (5) commissions     Businessday 
      • Nigeria's underperforming insurance sector     Businessday 
      • Nigerian equities market gains N122bn in three (3) days     Thisday 
      • Art auction market looks up, makes N286.6m in 2013     Businessday 
      • Nigeria must diversify economy, build infrastructure to uphold MINT rating     Businessday 
      • Inflation closes 2013 at single digit, moderates to 8%     Businessday 
      • World Bank: Africa's FDI inflows rise to $43bn in 2013      Thisday 
      • Onyema explains 47% growth in stock market      Thisday 
      • NSE earns N105m from fines on firms, brokers      Thisday 
      • Nigeria's economy to show 65% increase in size in GDP rebasing     Businessday 
      • Nigeria raises Diaspora bond to $300m      Businessday 
      • Nigeria's GDP to grow by 7% in 2014, says UN agency      Punch 
      • Capital market indices dip by 0.60 per cent      Punch 
      • 25 CEOs lead firms to N2.88trn market cap increase in 2013      Businessday 


2013 Highlights

      • FG plans special economic intervention for North East     Businessday
      • Nigeria loses N730bn to poor telecoms services annually, says expert     Thisday
      • License withdrawals loom as NSE sanctions 53 stock broking firms     Businessday
      • WTO: World leaders credit Nigeria for first global trade deal      Businessday
      • Naira strengthens against dollar as CBN sells $299.9m      Businessday
      • Hospitality business boosted by $500m investments     Businessday 
      • Dangote plans $16bn investment in petrochemicals, agric, cement     Thisday
      • Naira fears emerge ahead of 2014 as analysts examine currency risks      Businessday
      • Nigeria loses $1bn potential coal revenue as global demand rises       Businessday
      • NEXIM disburses N30.9bn to boost non-oil exports     Thisday
      • 2014 budget proposes N911.96bn deficit, new borrowings of N571bn      Businessday
      • Investors' confident rises in Nigeria's entertainment industry as Iroko raises $8m     Businessday
      • Mobil, NB, others lift NSE's market capitalisation by N40b      The Guardian
      • Foreign investment in capital market hits $15bn     Business News

      • Mixed outlook for Nigeria in 2014 as vulnerability seen amid growth      Businessday
      • 500 new listing at NSE hinged on robust regulatory framework      Businessday
      • Stock market gains N97bn as YtD return reaches 34.50%      Businessday
      • CBN urges focus on infrastructure to boost economic growth      The Guardian
      • New investment opportunity as CWG prepares to list on NSE      Businessday
      • Nigeria e-commerce market opportunity in excess of N255bn annually     Businessday
      • Inflation eases to 7.8%      Thisday
      • Nigeria's real GDP growth hits 6.81% in Q3     The Guardian
      • SEC, NSE, others laud GTI on emergence of Nigeria's first private trading floor     The Guardian
      • NSE's market capitalisation rises further by N54 billion      The Guardian
      • Nigeria's macro-economic environment strong despite threat to security      Businessday
      • Innovation, manpower development key to economic growth - CEO Forum       Businessday
      • How to boost economy through arbitration growth, by Uwais        The Guardian
      • Nigeria drops to 170th place on global ease of paying taxes        Businessday 

      • Nigeria-UK trade increases to N1.8 trillion, says Tafida.     Thisday
      • NSIA appoints Stanbic IBTC as custodian to SWF.    Thisday 
      • Remittance flows to Nigeria to reach $21bn this year.    Businessday 
      • Global stocks, dollar slide as U.S. shutdown hits economies.    Guardian 
      • Osun Islamic bond oversubscribed by 20%.    Businessday
      • US shutdown, slow Euro-zone recovery create opportunities for Nigeria.    Businessday 
      • UN advocates new policies to adjust to changing world economy.    Thisday 
      • Global exchange metrics show Nigeria outperforms major markets.    Businessday
      • GDP rebasing to expose Nigeria's slim tax base.    Businessday 
      • Nigeria's 30,000 housing units annual output only 6% of MDG requirement.    Businessday
      • A closer look at Nigeria's economic performance.    Businessday
      • Nigeria ahead of peers in bond performance.    Businessday 
      • Nigeria among 10 most improved economies in accessing credit.    Businessday 
      • NAICOM pushes to reduce Nigeria/South Africa insurance gap.    Businessday

      • How to enhance Nigeria's economy through quality training.     Guardian
      • The economic impact of remittances.     Businessday
      • Low-income group seen as driver of sustainable e-commerce growth in Nigeria.     Businessday
      • Nigerian economy grows by 6.18% Q2, says NBS.     Businessday
      • Transformational leadership is key to developing the Nation's Economy.     Thisday
      • Poor spectrum management hinders N5.9trn economic yield.      Businessday
      • FG unveils World Bank's $300m assisted project for Nigeria's extreme poor.     Businessday
      • Sovereign wealth fund is to shield economy - CBN.     Leadership
      • PWC advocates tax reform to aid economic growth.     Businessday
      • Aregbesola, juwah harp on ICT access for economic growth.     Guardian
      • World Bank: Quality statistics critical for Nigeria's development.    Thisday

      • Eurobond success positive for Nigeria Economy.     Thisday
      • Confidence returns to NSE as domestic investors lead half year trading.    Businessday
      • Nigeria, others account for 9.3 percent of ZTE's global revenue.    Guardian
      • NSE's market capitalisation sheds weight by N23b.    Guardian 
      • Economic impact of CRR hike on public sector deposits.    Businessday
      • Flexible debt instruments imminent for Nigeria's bond market.    Businessday
      • Pension funds to account for 50% market capitalisation by 2020.    Businessday
      • Market capitalisation dips by N77 billion.    Guardian
      • Government earns N26.5trn as tax revenue in 13 years.    Businessday
      • World Bank, others partner Nigeria on GDP rebasing.    Guardian
      • GDP rebasing and Nigeria's macro-economic ratios.    Businessday

      • Experts optimistic about Nigeria's $1b Eurobond offer.     Guardian
      • First half 2013 sees agric, health, bank stocks lead at the NSE.    Businessday
      • Asset base of Lagos cooperative societies net N60bn.    Businessnews
      • NSE faults influx of foreign workers into Nigeria.    Guardian 
      • NSE's market capitalisation depreciates by N44bn.    Guardian
      • NSE introduces new trading rule on back of hot money flows.    Businessday
      • Compliance: NSE gives Dangote cement, Forte Oil pass mark.    Thisday

      • Cadbury, UBA, PZ lead other large capitalised stocks in returns.    Businessday
      • Insurance industry total assets hit N607.72bn.    Businessday 
      • NSE Market capitalisation hits 2008 peak.    Thisday 
      • GSK Nigeria records N25.3 billion turnover, N2.82 billion profit in 2012.    kakawa
      • Pension assets hit N3.4trn as 5.3 million workers join scheme.    Businessday
      • FG retires matured bonds in move to curb local debt.    Businessday 
      • Survey reveals lack of access to credit as entrepreneurs' main obstacle.    Thisday
      • Nigeria, Israeli in fresh partnership to strengthen trade relations.    Businessday
      • Nigeria remains number one investment destination in Africa.    Thisday
      • Osun plans to issue $10 billion Islamic (Sukuk) bond.    Thisday

      • US foreign investment in Nigeria increases to $8bn.   Businessday
      • Lagos to emerge 13th largest economy in Africa by 2014.    Thisday
      • Economic watch: Summary of economic activity in Q1 2013.    Businessday 
      • Nigerian Extractive Industries Transparency Initiative (NEITI) blames weak institutions for N1.5 trillion debts.    Guardian
      • Government targets N78bn additional revenue with new tax effort.    Businessday
      • FG achieves 65% recurrent expenditure to 27% capital in Q1 2013.    Businessday 
      • FG releases N200bn for second quarter projects.    The Punch
      • NCP approves privatization process for Abuja commodities exchange.    The Eagle 
      • Lagos targets N317bn Internally Generated Revenue (IGR) in current fiscal year.   Businessday
      • Non-oil export earnings rise to N179.5bn on bank of industry sector receipt.    Businessday

      • Nigeria loses $6bn yearly to crude oil theft.    Thisday
      • Lekki Port to create $361bn macroeconomic impact, 163,000 new jobs.    Businessday
      • 36 states, FCT in N379.1bn external debt stock.    The Herald news
      • Naira depreciates against dollar across four market segments.    Businessday
      • Nigeria loses $100bn in four years to non-investment in oil and gas.    Businessday
      • Brokers control 70% of insurance market, generate N163.8bn premium in 2012.    Businessday
      • World Bank: African Economy to grow by 6.1% in 2013.   Thisday
      • Lagos computer village generates $2bn annually to economy.    Vanguard
      • Remittance to Nigeria in 2012 was $21bn, says World bank.    Businessday

      • Nigeria spends only $10bn annually on infrastructure.    Businessday
      • Nigeria exports 137,540 metric tonnes of non-oil commodities in 2012.    Businessday
      • Lagos & Abuja among top 4 most expensive cities in Africa.    Businessday
      • Exports tops imports leading to a trade surplus in 2012.    Businessday

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