Adeyemi Dipeolu

Nigerian Economy In Recession With ‘record’ Low Foreign Investment

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Abuja (AFP) – Nigeria’s economy nosedived into a recession, official data showed Wednesday, with oil production hammered by militant attacks on pipelines and foreign investment at a “record” low. Output in the three months to the end of June was -2.1 percent with the oil sector reporting a double-digit decline following a wave of attacks … Read more

Nigeria Projects Better Economic Outlook For Second Half of the Year

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After more than six months marked plunging revenue caused by attacks on oil pipelines in the Niger Delta and ballooning inflation, the Federal Government said on Wednesday said it was expecting a better second half of the year. The government’s optimism is in spite of a forecast by the International Monetary Fund that the country’s … Read more