Nigerian economy ends year with more exports than imports for the first time
Available international trading statistics have revealed that unlike previous years, the Nigerian economy is ending 2019 business year on a positive trade balance. Otherwise, relative to the corresponding period of the previous year, Nigeria’s trade surplus position improved markedly by…
Double edged-sword: Rising oil price may upturn economic recoveries if…
The unfortunate truism that whenever crude oil price is rising, it presents two-way conditions for Nigerian economy is beginning to play out since the oil prices began to steady at above $70. It would be recalled that Minister of Finance,…
Oil prices fall due to Russia’s gradual output increase threat to Nigeria revenue projections
Though global oil prices eased on Friday as Russia hinted it may gradually increase output, after having withheld supplies in concert with producer cartel OPEC since 2017, industry observers say the development may spell doom for the Nigerian economy which…
