Nigeria S Economy

Nigeria became the first African nation to launch a digital currency, the eNaira, a move its leaders said will expand access to banking, enable more remittances, and even grow the economy by billions of dollars.

Indian variety of rice and pulses may soon be grown in Nigeria, a substantial importer of food grains, as it aims to make agriculture the biggest alternative to oil and gas business to diversify its economy.

Cassava, the starch rusty-coloured root that is a staple in Nigeria, is a paradigm of the problem the import-dependent nation now faces as the plunge in oil prices crimps the economy.

Buhari declared before his election: "Corruption will have no place and the corrupt will not be appointed to my administration."

President Muhammadu Buhari has shaken up Nigeria's corrupt bureaucracy and intensified the battle against Boko Haram in his first 100 days, but has struggled to set out his vision for the faltering economy, say analysts.

Nigeria's election is in some ways a referendum on President Goodluck Jonathan's record on the economy, power shortages and corruption, but for residents of northeasterly Borno state the key issue was his fight against Boko Haram.

Africa's most populous country and top economy, Nigeria, holds general elections this Saturday, the fifth since civilian rule was restored in 1999.

In the deserted shops and marketplaces of west Africa's towns and cities, traders worry about a secondary, insidious effect of the world's most deadly Ebola outbreak: the prospect of financial ruin.

Nigeria's recalculated economy is worth $510 billion, by far the biggest in Africa, officials announced Sunday using long overdue revised data that gives the West African nation continental bragging rights but does little for the 70 percent of its citizens living in poverty.

Nigeria is expected to overtake South Africa as the biggest economy in Africa, with a long-overdue recount of its GDP that will give it continental bragging rights but do little for its 112 million people surviving in poverty.

India has overtaken the US to become Nigeria's largest market for exports, according to statistics.

"China will overtake the US to become the world's largest economy by 2020, which in turn will be overtaken by India in 2050," according to Wealth Report 2012 by Knight Frank & Citi Private Bank. Indian economy will reach $85.97-trillion size in terms of purchasing power parity by 2050, while the Chinese GDP would be $ 80.02 trillion during the same...

Nigeria became the first African nation to launch a digital currency, the eNaira, a move its leaders said will expand access to banking, enable more remittances, and even grow the economy by billions of dollars.

Indian variety of rice and pulses may soon be grown in Nigeria, a substantial importer of food grains, as it aims to make agriculture the biggest alternative to oil and gas business to diversify its economy.

Cassava, the starch rusty-coloured root that is a staple in Nigeria, is a paradigm of the problem the import-dependent nation now faces as the plunge in oil prices crimps the economy.

Buhari declared before his election: "Corruption will have no place and the corrupt will not be appointed to my administration."

President Muhammadu Buhari has shaken up Nigeria's corrupt bureaucracy and intensified the battle against Boko Haram in his first 100 days, but has struggled to set out his vision for the faltering economy, say analysts.

Nigeria's election is in some ways a referendum on President Goodluck Jonathan's record on the economy, power shortages and corruption, but for residents of northeasterly Borno state the key issue was his fight against Boko Haram.

Africa's most populous country and top economy, Nigeria, holds general elections this Saturday, the fifth since civilian rule was restored in 1999.

In the deserted shops and marketplaces of west Africa's towns and cities, traders worry about a secondary, insidious effect of the world's most deadly Ebola outbreak: the prospect of financial ruin.

Nigeria's recalculated economy is worth $510 billion, by far the biggest in Africa, officials announced Sunday using long overdue revised data that gives the West African nation continental bragging rights but does little for the 70 percent of its citizens living in poverty.

Nigeria is expected to overtake South Africa as the biggest economy in Africa, with a long-overdue recount of its GDP that will give it continental bragging rights but do little for its 112 million people surviving in poverty.

India has overtaken the US to become Nigeria's largest market for exports, according to statistics.

"China will overtake the US to become the world's largest economy by 2020, which in turn will be overtaken by India in 2050," according to Wealth Report 2012 by Knight Frank & Citi Private Bank. Indian economy will reach $85.97-trillion size in terms of purchasing power parity by 2050, while the Chinese GDP would be $ 80.02 trillion during the same...