The nation’s plan to rebase the Gross Domestic Product figures next year may boost the size of its economy by as much as 60 per cent, leapfrogging South Africa as the continent’s largest nation in terms of total wealth, Renaissance Capital Limited has said. Nigeria might see its economy measured […]
World News
Nigeria’s NNPC owes gov’t $12 bln, not $50 bln – cbank
* Cbank leaked letter said $50 billion unaccounted for * Finance, oil ministers held talks with cbank governor * Probes have found state-oil firm to lack transparency Nigeria’s central bank said on Wednesday the state-oil company NNPC had not paid $12 billion it earned from oil sales into government accounts, […]
External reserves fall by $3bn, hit one-year low
The nation’s external reserves have dropped to a record one-year low of $44.1bn, according to the latest data from the Central Bank of Nigeria. The statistics also indicated that the reserves had fallen by $3bn between August 14 and December 17. It was on December 28, 2012 that the reserves […]
