Nigeria may be getting out of recession in second quarter, NBS says

 Yemi Kale, NBS' Statistician-General 

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, […]

Craft brewer targets Nigerian palates and big brands

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

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 […]