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Foreign investors in Nigeria are concerned that measures taken by the central bank to prevent speculation against the falling naira will hinder their ability to sell investments in the country.
[This Day]The International Monetary Fund (IMF) has forecast that the Nigerian economy will record a lower growth of five per cent in 2015.
A former Governor of Kaduna State and leader of the Conference of Nigerian Political Party, Balarabe Musa, on Saturday said the future of Nigeria under the President Goodluck Jonathan-led government is gloomy. Musa noted that the way the Nigeria was being governed showed that Jonathan was incapable of running the affairs of the country. He... [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...]
Twenty-one African countries including Zimbabwe, Niger, Benin Republic and Djibouti are more prosperous than Nigeria, the 2014 Legatum Prosperity Index, has said. According to the report released recently by the Legatum Institute, the index of 142 countries defines “prosperity as a combination of wealth and wellbeing.” The report ranks Nigeria 125th among the 142 countries... [Read More...]
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