Daniel Richards

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

Nigeria Braces For Likely Recession

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Lagos (AFP) – After two bruising quarters marked by attacks on oil pipelines in the Niger delta and ballooning inflation, Nigeria is expected on Wednesday to announce it is officially in recession. The news shouldn’t come as a surprise. Sales of oil at a high price had made Nigeria the biggest economy in Africa. But … Read more