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IMF: How Nigeria’s economic recovery was exposed as a mirage

by Chuks Azotanion February 19, 2020
In a twist that further upset the already fragile optimism in the International Monetary Fund’s (IMF’s) weak economic growth projection for 2020, initially put at 2.5%, the IMF on Monday revised its earlier forecast to 2%. The new outlook was the culmination of the organisation’s Article IV Consultation to Nigeria, a 15-day economic dialogue tour, led […]

87% Of All The Poor People In Nigeria Are From The North—World Bank

by Jacinta Iroroon February 11, 2020
The World Bank has disclosed that about 87% of all the poor people in Nigeria are from the northern region of the country.  The South-South region of the country recorded the most significant drop in poverty between 2011 and 2016, as disclosed in the report by the Bretton Wood institution titled ‘Advancing social protection in a dynamic […]

Coronavirus shoots Oil Prices Below Nigeria’s Budget Benchmark

by Ikokwu Ikembaon February 5, 2020
The outbreak of coronavirus in China has caused uncertainty among concerned operators in the Nigerian economy as oil prices continue to slide downward below the nation’s budget benchmark. A check on Tuesday morning showed Brent crude, the main international price, stood at $54.82 per barrel, up from about $54.45 on Monday. Earlier in January, the […]