Nigeria may be getting out of recession in second quarter, NBS says
Businessam Staff
August 10, 2017
Nigeria’s economy probably expanded in the second quarter as factory and farming output improved, helping it recover from the first annual contraction in 25 years, Yemi Kale, Statistician-General said. According to Bloomberg’s report, Kale, who is also chief executive officer of the National Bureau of Statistics, said in an interview Wednesday at his office in Abuja, […]
Nigeria’s central bank will continue to review policies to ensure best for economy, says Emefiele
Businessam StaffJuly 22, 2017
Godwin Emefiele, the Governor of Central Bank of Nigeria (CBN) said the apex bank will continue to review its policies to ensure that the best is achieved for the country’s economy. Emefiele said this while giving a lecture on “The Dilemma of Monetary Policy and Exchange Rate Management in a Recession: Potential Options for Nigeria,” […]
Craft brewer targets Nigerian palates and big brands
Businessam StaffJuly 20, 2017
From pale ale with tangs of passion fruit and mango to a heady stout with 10 percent alcohol, a pioneering craft brewer in Nigeria is seeking to expand and grab more of a market dominated by Heineken and Diageo. Bature Brewery has faced a slog to launch the first commercial products from its microbrewery tucked […]
Nigeria forex reserve dips slightly in June from a month ago- CBN
Businessam StaffJune 30, 2017
Nigeria’s foreign exchange reserve stood at $30.25 billion by June 28, down 0.36 percent from a month ago, central bank data showed on Friday. The reserves showed a 14.8 percent rise from a year ago, when they stood at $26.34 billion. Nigeria’s dollar reserves have risen slightly this year thanks to the rise in global […]