By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s economy is expected to grow by 3.78 percent in 2016 from 2.97 percent recorded in 2015, an increase of less than 100 basis points, according to a latest report from the National Bureau of Statistics (NBS). “Beyond 2016 however, growth is expected to jumpstart […]
Tag: Nigeria
Fitch: Nigeria’s Oil Response Has Downside Fiscal, Growth Risks
February 4, 2016/Fitch Ratings statement Fitch Ratings-London-04 February 2016: The Nigerian authorities’ recent economic policy announcements show the response to the oil price shock is coalescing around state-led development to boost economic growth and import substitution to blunt the effects of declining oil receipts, Fitch Ratings says. It is yet […]
Nigeria 2016 Outlook: A Dim Reflection
February 4, 2016/Cordros Research GLOBAL The global economy is expected to grow at 3.1% in 2015 (vs. 3.4% in 2014) – according to IMF estimates – before picking up modestly to grow at 3.4% in 2016. The lower growth in 2015 was a result of patchy recovery in developed economies, […]
