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Lower-than-expected economic growth data released by China last week may worsen Nigeria’s already battered oil revenue situation in 2015, findings by our correspondent have shown. This came just as Nigeria is reportedly already facing the negative prospects of approximately N1.3tn cut in government spending next year following drastic fall in global oil prices. But Brent...  [Read More...]

A former United States ambassador to Nigeria, John Campbell, has raised the alarm that current situations in Nigeria, especially falling oil prices, are making it difficult for the country to avoid disintegration. He stated that apart from the Boko Haram insurgency plaguing the country, the falling oil prices posed a new challenge to the Federal...  [Read More...]

The Federal Government, in a bid to improve bilateral relations with Mexico, has inaugurated the Nigeria/Mexico Chamber of Commerce and Industry. The move, according to the Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, will help to increase the level of trade between both countries as well as open investment opportunities for investors. The...  [Read More...]

Atlanta ’96 Olympics bronze medalist Falitat Ogunkoya says Nigeria can win medals through athletes like Blessing Okagbare at the Rio 2016 Olympic Games. Ogunkoya said Nigeria’s performance at the Olympics will depend on early preparations but advised that Okagbare, Nigeria’s best female athlete, be given a break in 2015, to enable her focus on Rio....  [Read More...]

Global rating agency, Fitch Ratings, has reviewed downward Nigeria’s 2015 economic growth forecast from 6.4 per cent to 5.2 per cent, following the continued fall in the global oil prices. “Growth in Nigeria, sub-Saharan Africa’s largest economy, has been revised down from 6.4 per cent to 5.2 per cent for 2015, as a result of...  [Read More...]

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