Nigeria Economy

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  European Union Seeks To Replace Russian Gas With Nigerian Supplies

  The European Union is seeking additional gas supplies from Nigeria as the bloc prepares for potential Russian supply cuts.

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  Nigeria Launches eNaira Digital Currency Amid Hope, Scepticism, and Plenty of Uncertainty

  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.

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  Indian Variety of Rice, Pulses May Soon be Grown in Nigeria

  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.

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  Even Staple Food Demonstrates Nigeria's Economic Vulnerability

  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.

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  Nigeria Set to Finally Get Government Ministers

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

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  Nigerian President Muhammadu Buhari Gets Mixed Report for First 100 Days

  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.

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  President Goodluck Jonathan Spurned by Nigerian Voters in Boko Haram Heartland

  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.

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  5 Key Figures to Watch in Nigeria Election

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

• Ebola Causing Huge Damage to West Africa Economies: Development Bank

  The worst ever Ebola outbreak is causing enormous damage to West African economies as foreign businessmen quit the region, the African Development Bank said, while a leading medical charity branded the international response "entirely inadequate."

• Ebola Threatens West African Economies

  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: Economy $510 billion, biggest in Africa

  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 set to become Africa's biggest economy

  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 tops global chart of remittances

  Top recipients of officially recorded remittances for 2013 are India (with an estimated $71 billion), China ($60 billion), the Philippines ($26 billion), Mexico ($22 billion), Nigeria ($21 billion), and Egypt ($20 billion), the report issued yesterday said.

• India to be among three largest economies by 2050: PwC

  Emerging economies are set to grow faster than the developed economies over the next four decades and India is likely to become one of the three largest economies by 2050, says a PwC report.

• India overtakes US as Nigeria's biggest export market

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