World News

Moody’s Says Nigeria’s Economy Resilient in Face of Oil Plunge

Dec 22, 2014/Bloomberg Moody’s Investors Service said Nigeria’s economy remains resilient in the face of falling oil prices even as the currency slumped to a record low and growth in Africa’s largest crude producer is set to slow. Nigeria economy, the continent’s biggest, will probably expand 5 percent next year, […]

Global crude oil prices slump further as traders bet on sell-off

Experts warn that UK oil industry is under pressure but some say falling prices could benefit country’s economy The Guardian, Friday 19 December 2014 Global crude oil prices slumped further on Thursday, as traders placed fresh bets that the market would resume a six-month sell-off on worries about a supply glut. […]

2015 budget proposal… Neither here nor there

Dec 19, 2014/The Nation Varied reactions have trailed the 2015 national budget unveiled by the Finance Minister and Coordinating Minister of the Economy, Dr. Ngozi Okonjo-Iweala. Notwithstanding the diversity of opinions, they agreed on the need to diversify the economy, but expressed misgiving about the government’s determination to carry through  […]