Tag Archives: Nigeria’s economy

Economist lauds Britain’s plan to add Naira as trade currency

An economist, Okey Onuchuku, on Monday, said Britain’s export finance agency’s plan to add the Naira to its list of pre-approved currencies would boost the value of Nigerian currency. Onuchuku, who is the Director, University of Port Harcourt Business School, said this in Port Harcourt while speaking with the News Agency of Nigeria (NAN) on Britain’s adding the Naira to ...

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African Devt Bank forecasts 2.1% GDP growth

Nigeria is in a good position for growth this year, so says the African Development Bank. In its economic outlook for 2018, AfDB said that despite slow and difficult recovery from recession and paltry Gross Domestic Product growth in 2017, rising oil prices and output, as well as growing agricultural performance, stand Nigeria in good stead and place it well ...

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Take advantage of Nigeria’s business ranking, Elumelu urges investors

The former Chief Executive of United Bank for Africa (UBA), Tony Elumelu, has urged Nigerian and foreign investors to take advantage of the World Bank’s Ease of Doing Business ranking of Nigeria to invest in the country. Elumelu, an industrialist said this while speaking with State House Correspondents after a visit to the Presidential Villa. According to him, there is so ...

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