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Africa’s biggest economy

IMF: Nigeria’s economy remains vulnerable despite exit from recession

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IMF

• Says economic growth will pick up to 2.1 % in 2018 • Warns that debt services to revenue ratio remains high The International Monetary Fund (IMF) has said that the Nigerian economy has exited from recession but remains vulnerable. Economic growth reached 0.8 percent in 2017, driven mainly by recovering oil production, while inflation […]

Nigerian inflation slows for 7th month in August to 16.01 percent

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inflation

Annual inflation in Nigeria slowed for a seventh month in August, easing to 16.01 percent, the National Bureau of Statistics (NBS) said Friday. The rate of annual inflation was 0.04 percent lower than in July. “The highest increases were recorded in clothing materials and articles of clothing, garments, passenger transport by air, motorcycles, shoes and […]