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Nigeria Economy News. Service for global professionals. Constantly updated news and information about Nigeria.
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Latest Nigeria Economy News

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  • Infrastructure tops FG's plan for 2010 25 Nov 2009 00:47 GMT
    ... of 2009 and, if approved, will push Nigeria even further beyond a 3 per cent ... fiscal interventions intended to further stimulate the economy and support private sector growth,” Yar’Adua said ... next few months, there is a danger inflation can head back towards 15 per cent ...

  • Oil price falls after US growth disappoints 25 Nov 2009 00:42 GMT
    ... on Tuesday after data showed the US economy grew at a slower-than-expected pace last quarter ... Commerce Department said. "We don't like the GDP figures, and we're worried about a potential ... collapse oil prices by oversupplying the market, Nigerian Oil Minister Rilwanu Lukman told reporters in ...

  • Research and Markets: Projections Show a Little over 2.2million Internet Users inside Nigeria by the End Of 2007 24 Nov 2009 18:21 GMT
    ... of the " The report analyses the Nigerian internet market, its expected growth levels beyond ... transactions. This would not only enhance the economy but would foster latent opportunities that will develop ...

  • Research and Markets: Projections Show a Little over 2.2million Internet Users inside Nigeria by the End Of 2007 (BIZ) 24 Nov 2009 18:24 GMT
    ... The report analyses the Nigerian internet market, its expected growth levels beyond ... transactions. This would not only enhance the economy but would foster latent opportunities that will develop ...

  • UPDATE 3-Nigeria proposes 32 pct rise in spending for 2010 24 Nov 2009 15:25 GMT
    ... Camillus Eboh ABUJA, Nov 24 (Reuters) - Nigerian President Umaru Yar'Adua sent a 4.079 trillion ... meant to revive sub-Saharan Africa's second largest economy. The proposed spending is 32 percent higher ... next few months, there is a danger inflation can head back towards 15 percent year-on-year ...

  • HIGHLIGHTS-Nigeria's 2010 budget proposals 24 Nov 2009 16:34 GMT
    ... 24 (Reuters) - Following are highlights from Nigerian President Umaru Yar'Adua's statement on the 2010 ... estimated to be about 5.86 percent. 'Headline inflation has fallen from 15.1 percent in December ... fiscal interventions intended to further stimulate the economy and support private sector growth. 'The 2010 ...

  • UPDATE 4-Nigeria plans sharp spending rise on oil delta, power 24 Nov 2009 16:13 GMT
    ... ABUJA, Nov 24 (Reuters) - Nigeria plans to increase spending by a third ... approved, will push sub-Saharan Africa's second biggest economy even further beyond a 3 percent fiscal ... next few months, there is a danger inflation can head back towards 15 percent year-on-year ...

  • UPDATE 5-Nigeria plans sharp spending rise on oil delta, power 24 Nov 2009 18:31 GMT
    ... ABUJA, Nov 24 (Reuters) - Nigeria plans to increase spending by a third ... approved, will push sub-Saharan Africa's second biggest economy to a fiscal deficit of 4.79 percent. ... next few months, there is a danger inflation can head back towards 15 percent year-on-year ...

  • Nigeria bases budget on $57 per barrel oil price: official 24 Nov 2009 18:20 GMT
    ... station in Kula in the Niger Delta. Nigeria's 2010 budget will be based on an ... percent of its of 6.1 percent and inflation rate of 11.2 percent, Yar'Adua said in ... the presidential advisor on parliamentary matters. Real GDP growth for 2009 is estimated to be ...

  • Nigeria sends 2010 budget for parliament approval 24 Nov 2009 11:53 GMT
    ... Nov 24 (Reuters) - An aide to Nigerian President Umaru Yar'Adua lodged his 2010 budget ... spending plans for sub-Saharan Africa's second biggest economy were to have been presented by the ... the country's deficit to 4.87 percent of GDP, one source said. That would again mean ...

  • Nigerians to stop using Generators Next Year 24 Nov 2009 15:21 GMT
    ... Jonathan came a bold declaration yesterday: that Nigerians will no longer use generators for their ... intervention measures across different sectors of the economy. He added: “To this end, submissions from scores ...

  • Nigerian leader plans sharp spending rise 24 Nov 2009 23:26 GMT
    ... Felix Onuah and Camillus Eboh Abuja - Nigeria plans to increase spending by a third ... approved, will push sub-Saharan Africa's second biggest economy to a fiscal deficit of 4.79 percent. About ...

  • Telkom sees Nigeria as growth engine for Africa 24 Nov 2009 14:34 GMT
    ... Telkom sees Nigeria as growth engine for Africa 24th November ... telecommunications subsidiary, Multi-Links Telecommunications. With the oil-based economy coming under strain from the global economic downturn, ...

  • UPDATE 1-Nigeria proposes 4.08 trln naira 2010 budget -aide 24 Nov 2009 12:34 GMT
    ... ABUJA, Nov 24 (Reuters) - Nigerian President Umaru Yar'Adua sent a 4.079 trillion ... budget proposal for sub-Saharan Africa's second largest economy assumed a benchmark oil price of $57 a ...

  • Glo looks beyond Nigeria, Ghana to revolutionise Ivorian telecom market 24 Nov 2009 20:43 GMT
    ... d’Ivoire’s telecommunication services to help transform its economy and position the country as one of the ... would replicate in the Francophone country its Nigeria and Benin Republic success stories by deploying ...


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