TAG: NIGERIAN RECESSION





Full text of Acting President Osinbajo’s Democracy Day speech to Nigerians

Full text of Acting President Osinbajo’s Democracy day speech Dear Nigerians, I bring you good wishes from President Muhammadu...


#PMBMidterm: Bucket list of all the ‘economic achievements’ of the Buhari administration

The presidency yesterday, released its mid-term factscheet just in time for the May 29 Democracy day celebrations. The factsheet was...


Rand Merchant Bank initiates N80 billion CP programme

South African bank, Rand Merchant bank has listed an N80 billion commercial paper programme on the FMDQ platform. Commercial...


Turkish firm opens $100 million diaper and tissue paper factory in Ogun state

Turkey based fast-moving consumer goods producer, Hayat Kimya has opened a $100 million factory in Ogun state. The factory...



CBN to engage in tweet chat today by 5pm

In perhaps what is the first move ever in the world by a central bank to comprehensively address a...


3 ‘business forces’ that can help you innovative in a struggling economy

Nigeria’s economic state has been quite tumultuous since the crash of oil prices in 2014. The crash led to...


In a rare consensus, CBN, IMF and World Bank all share the same view about Nigeria’s spiraling debt

The economic recession that hit Nigeria last year meant that desperate measures had to be taken in order to...


Development Bank of Nigeria to start lending in August.

Managing Director of the Development Bank of Nigeria (DBN) Mr Tony Okpanachi revealed the bank will give loans with...


FG includes additional loans in 2016-2018 external borrowing plan

The federal government has sought the approval of the National assembly to take additional loans under the 2016-2018 external...


Nigeria remains in recession as nation records 5th consecutive negative quarterly GDP

The National Bureau of Statistics has revealed that Nigeria recorded a 2017 first quarter GDP growth rate of -0.52%....


Low down on Adeosun’s plan to hike interest rates on unpaid taxes

Nairametrics| Individuals who default in paying taxes will face a hike in the interest rates on arrears . Minister...


Company News Roundup (May 20, 2017) – Bank executive compensation top N6 billion N1 billion in 2016

This is Nairametrics recap of some of the top company/industry stories that were in the news for the week...


5 takeaways from CBN’s February Banking Report

Nairametrics| The Central Bank of Nigeria (CBN) has released its February report on the banking industry. With not so...


Real Estate Weekly: Skye Bank gets court order to takeover Intercontinental hotel

This is Nairametrics weekly roundup of major Real Estate News for the week ended May 19, 2017. To get...


Average lending rate in Nigeria hit 30%pa, first time in 16 years

Data from the Central Bank of Nigeria reveal average lending rate from commercial banks in the country has now...



Foreign investments into Nigeria’s hotel sector crash by 98%

Data from the Central Bank of Nigeria suggest total capital importation into the hotel sector of Nigeria fell to...


Weekly News Roundup (May 13, 2017): Faro Water rakes in N4 billion in revenue for 2016

This is Nairametrics recap of some of the top company/industry stories that were in the news for the week...


Why Skyebank has taken over Intercontinental Hotel

Nairametrics|In what may come as a shock to many observers, Skye Bank has obtained an order from a Federal...


What payment sytems Nigerians used the most in 2016

Nairametrics| Mobile, Internet and POS transactions in Nigeria remained on a growth path in 2016 despite the recession and...


The Nigerian Economy Today 10/5/2017

Summary of the top business, economic and political news in Nigeria. The importation of sugar for local consumption would...


Quick updates on Nigeria’s Sugar Master Plan

Nairametrics|  The federal government is very keen on pursuing the National Sugar Master Plan and encouraging investors to key...


The Nigerian Economy Today 9/5/2017

Summary of the top business, economic and political news in Nigeria   NAIRAMETRICS BUSINESS & ECONOMY Niger, Benin Republic...


Real Estate Weekly: FG & NMRC signs deal to provide 30,000 housing units to civil servants

Here is our weekly roundup of top real estate stories as curated by our research team. This compilation is...


The Nigerian Economy Today 8/5/2017

Summary of the top business, economic and political news in Nigeria.   NAIRAMETRICS BUSINESS & ECONOMY Flash: May 2017...


Nigerian Banks loan to deposit ratios rise to level not seen since 2009 banking crisis

Nairametrics| Data from the Central Bank of Nigeria reveals, loan to deposit ratios of deposit money banks in Nigeria...