* Oil revenue accounts for 80 pct of gov’t revenues * Probes have found state-oil firm to lack transparency * Nigeria is Africa’s 2nd largest economy, top oil producer Nigeria’s state-energy company NNPC hasn’t accounted for nearly $50 billion in revenue from the sale of crude oil which should have […]
Tag: economy
Russia Growth Slow, GDP Projected to 2% in 2014
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The International Monetary Fund (IMF) Tuesday said that Russia’s economic growth has continued to slow and had projected a Gross Domestic Product (GDP) of two percent (2%) in 2014. This is coming on the heels of a mission to the Russian Federation by the IMF […]
Nigeria’s Economy to grow by 7% in 2014 As IMF Insist on AMCON Wind down
By Peter OBIORA InvestAdvocate Uyo (INVESTADVOCATE)-The International Monetary Fund (IMF) Wednesday said the Nigerian economy is expected to grow at seven percent (7%) and has insisted that Asset Management Corporation of Nigeria (AMCON) should be phased out gradually. This is coming on the heels of the conclusion of the Fund’s […]
