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Economy

EFCC: Illicit financial outflow from Nigeria hits $217bn

The Acting Chairman of EFCC, Ibrahim Magu, represented by its Acting Spokesperson, Tony Orilade, expressed these views at a one-day conference organised by Online Publishers Association of Nigeria with the theme “Free press and objective reporting in the 2019 election year. The commission stated that the various investigations, arrests, prosecution …

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Forbes ranks Nigeria 110th best country for business

Forbes, an American business magazine, has ranked Nigeria as the 110th best country in the world for business. The magazine said it compiled the list by rating 161 countries on 15 factors: property rights, innovation, taxes, technology, corruption, infrastructure, market size, political risk, quality of life, workforce, freedom (personal, trade …

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UN: Nigeria’s 2.1 percent economic growth to drive West Africa’s 2019 forecast

The report by the UN Secretary-General on the ‘Socioeconomic Trends’ West African sub-region, forecasted an economic rebound in the West Africa sub-region in 2019. Nigeria’s 2.1 per cent economic growth projection in 2019 is expected to drive the regional growth forecast of 2.9 per cent, the United Nations report has …

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