Nigeria finmin wants lower interest rates in 2012

ABUJA, Dec 14 – Nigeria’s Finance Minister Ngozi Okonjo-Iweala said on Wednesday she wants interest rates to be lowered next year after a “tight” 2012 budget proposal was read to the national assembly this week.

Counting the Cost – Focus on Nigeria Leaving behind the debt dramas of Europe, we focus on Nigeria – a country with economic wealth and potential.

How Nigeria gave Birth to Extremism

A few years ago, former Central Bank Governor ‘Comical’ Chukwuma Soludo reeled out the results of studies which clearly indicated that the north east geopolitical region of Nigeria was the poorest and least developed.

Nigeria taking lead in African local debt

By Tosin Sulaiman JOHANNESBURG, Aug 18 – Nigeria looks set to overtake South Africa as the continent’s biggest issuer of local government debt with a planned $650 million auction by one of its states in October, but sub-national bonds remain far off for much of Africa.

Nigerian economic reform heavyweights set for tussle

By Joe Brock ABUJA, Aug 11 – Nigeria’s Central Bank Governor Lamido Sanusi and former World Bank chief Ngozi Okonjo-Iweala will spearhead the immediate future of Africa’s third-largest economy, but how they deal with tensions between them will determine their success.

The Nigerian elites and the Niger delta

THE NIGERIAN RULING ELITES AND THE MUTILATION OF THE NIGER DELTA “UNEP believes that oil contamination in Ogoniland has created an environmental crisis of unprecedented proportions,” Joseph Alcamo the chief scientist of UN Environment Programme, told journalists in London at the weekend.

Nigeria raises benchmark interest rate to 8.75 pct

ABUJA, July 26 – Nigeria’s central bank raised its benchmark interest rate by a bigger-than-expected 75 basis points to 8.75 percent on Tuesday, the fourth increase this year in a continued fight against inflation.

Forex: Nigeria naira to extend gains vs dollar

Nigeria naira to extend gains vs dollar NAIROBI, July 21 – Nigeria’s naira is seen extending gains against the dollar in the coming week mainly due to dollar inflows from the energy sector, while greater offshore interest in Kenya’s bond market might support the shilling.

Nigerian inflation falls in June after rate hikes

ABUJA, July 18 – Nigeria’s headline inflation fell to 10.2 percent year-on-year in June from 12.4 percent in May, the National Bureau of Statistics said on Monday, as Central Bank monetary tightening helped to curb a rise in prices. 

Nigeria president picks World Bank MD for cabinet

ABUJA, July 5  – Nigerian President Goodluck Jonathan has asked the Senate to approve World Bank managing director Ngozi Okonjo-Iweala as a member of his new cabinet, the president of the upper house of parliament said on Tuesday.