Tag Archives: NIGERIAN ECONOMY

NIGERIA, SOUTH AFRICA ACCOUNTED FOR 95% OF AFRICA’S PORTFOLIO INVESTMENT INFLOWS IN 2012; MUCH OF AFRICA OUTSIDE NIGERIA, RSA, EGYPT, MOROCCO AND DR CONGO CONTINUES TO BE MAJORLY AID-DEPENDENT – AfDB REPORT

President Goodluck Jonathan and Vice President Namadi Sambo(in the background) VANGUARD May 28, 2013 By MICHAEL EBOH Nigeria and South Africa accounted for 95 per cent of total portfolio investment of $20.15 billion (N3.204 trillion) recorded in the African continent … Continue reading

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NIGERIA CUSTOMS SERVICE GENERATED N850 BILLION(APPROX US$5.5 BILLION) IN 2012; TARGETS N1 TRILLION IN 2013

Mr Abdullahi Dikko Inde, Comptroller General, Nigeria Customs Service CHANNELS TELEVISION, LAGOS 6 February, 2013 The Nigeria Customs Service is targeting a major increase in the amount of revenue it generates for the country. The Public Relation Officer of the … Continue reading

Posted in BUNKERING, ECONOMICS, NIGERIA, NIGERIA CUSTOMS SERVICE, NIGERIAN PARAMILITARY FORCES, PIRACY, SECURITY ISSUES AND CONCERNS, Uncategorized | Tagged , | Leave a comment

NIGERIAN ECONOMY: Q3 2012 INVESTMENT INFLOWS JUMPED 87.39%, HIT US$6.O7BN; Q3 2012 FOREX INFLOWS HIT US$30.67 BN(12% GROWTH)…Q3 2012 EXPORT TRADE VOLUME STOOD AT US$24.37 BN – CBN REPORT

DAILY TRUST 11 January, 2013 The Central Bank of Nigeria (CBN) has announced that the Nigeria aggregate foreign capital inflows in the last quarter of 2012 stood at $6.07 billion against $3.43 billion and $3.24 billion recorded in Q2 2012 … Continue reading

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NIGERIA’S EXTERNAL RESERVES HIT US$45.68 BILLION; RISE BY US$3.01 BN BETWEEN OCTOBER 31 AND NOVEMBER 16 – CBN GOVERNOR

VANGUARD November 19, 2012 LAGOS Nigeria’s external reserves have risen to $45.68 billion, which is the highest in more than two years. Governor of Central Bank of Nigeria, CBN, Mallam Sanusi Lamido Sanusi, disclosed this at the 46th annual dinner … Continue reading

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NIGERIA’S EXTERNAL RESERVES HIT US$42.56 BILLION

LAGOS, Oct. 31 (Xinhua) Nigeria’s external reserves rose to 42.56 billion U.S. dollars on Oct. 29, up from 42.31 billion dollars on Oct. 24, the Central Bank of Nigeria (CBN) said on Wednesday. In a statement issued in Lagos, the … Continue reading

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NIGERIA’S FOREIGN EXCHANGE RESERVES HIT 32-MONTH HIGH OF US$42 BILLION

REUTERS 19 October, 2012 Nigeria’s foreign exchange reserves jumped to $42.02 billion by October 17, their highest in 32-months and an increase of 3.11 per cent, month-on-month, latest figures from the Central Bank of Nigeria showed on Friday. The forex … Continue reading

Posted in ARMED CONFLICT, COUNTERINSURGENCY OPERATIONS, NIGERIA, RISK ANALYSIS, SECURITY ISSUES AND CONCERNS, Uncategorized | Tagged , | 2 Comments

PRESIDENT JONATHAN PRESENTS US$31.35BLN FEDERAL GOVERNMENT BUDGET TO PARLIAMENT; DEFENCE GETS US$2.167BN, POLICE US$2.032BN

President Goodluck Jonathan ABUJA Oct 10 (Reuters) Nigeria’s President Goodluck Jonathan presented a 4.93 trillion naira ($31.35 billion) budget to parliament for 2013 on Wednesday, increasing spending but shinking the deficit and cutting the share taken by recurrent expenditure. The … Continue reading

Posted in ARMED CONFLICT, COUNTERINSURGENCY OPERATIONS, GLOBAL DEFENCE NEWS, NIGERIA, RISK ANALYSIS, SECURITY ISSUES AND CONCERNS, TERRORISM, Uncategorized, WEST AFRICAN STANDBY FORCE | Tagged , | 1 Comment

NIGERIAN FOREIGN EXCHANGE RESERVES ATTAINS A 29-MONTH HIGH, HITS US$41.12 BILLION

LAGOS Sept 28 (Reuters) Nigeria’s foreign exchange reserves rose to more than 29-month high of $41.12 billion by Sept. 26, and were up 7.16 percent month-on-month, the central bank’s latest figure showed on Friday. Africa’s top crude oil exporter’s forex … Continue reading

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NIGERIA: FOREIGN EXCHANGE RESERVES NOW OVER US$40 BILLION – CENTRAL BANK GOVERNOR

THE NATION 27 August, 2012 For the first time in many years, the nation’s external reserves leaped to over $40 billion. The Governor of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi, attributed the increase in the reserves to … Continue reading

Posted in AFRICA, ECONOMICS, GULF OF GUINEA, MARITIME SAFETY AND SECURITY, NIGERIA, OIL & GAS, RISK ANALYSIS, SECURITY ISSUES AND CONCERNS | Tagged , , | Leave a comment

NIGERIA, AFRICA’S TOP FOREIGN INVESTMENT DESTINATION WITH US$116 BILLION IN INFLOWS IN A DECADE..KENYA,SA AND NIGERIA AMONG TOP 20 INVESTORS IN AFRICAN ECONOMIES – ERNST AND YOUNG

President Goodluck Jonathan of Nigeria THE GUARDIAN 4 June, 2012 NIGERIA has received over $116 billion (N18.5 trillion) Foreign Direct Investment (FDI) in the last decade; making the country the largest recipient in Africa, a new survey by Ernst & … Continue reading

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