Nigeria Economy | Business and GDP Growth Outlook

Big sub-Saharan African economies to get potent lift this year

Sub-Saharan Africa’s biggest economies will benefit from a global upswing this year - as long as the U.S.-China tariff dispute does not disturb improving global trade flows, a Reuters poll ... Full story

Nigeria plans to get out of Recession

Nigeria plans to get out of recession by boosting government revenues and cracking down on corruption, Finance Minister Kemi Adeosun said on Thursday, and will also issue more international debt to pay for infrasturcture projects. ... Full story

Sub-Saharan Africa economic growth slips further from target

The latest report from World Bank shows economic growth in sub-Saharan Africa is likely to slip to 1.6% this year, the lowest level in more than two decades — as one of the world’s fastest-growing frontiers continues to lose steam because of overdependence on oil and commodity exports. ... Full story

Interest rate cuts not enough to pull Nigeria out of recession

Lagos - Interest rate cuts alone will not help to pull Nigeria out of a recession amidst rising inflation, the country's central bank said on Wednesday. ... Full story

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