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HomeEconomy

Economy

Nigeria
Business

Nigeria’s non-oil revenue grew above target by 15.7% — Minister of Finance

The Daily Leaks

Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said that Nigeria’s non-oil revenue grew to N1.15 trillion, representing 15.7 per cent above target rate in response to Federal Government’s efforts at diversifying […]

IMF
Health

IMF World Economic Outlook lowers global growth projection

The Daily Leaks

The International Monetary Fund (IMF) is lowering its global growth projection for 2021 slightly to 5.9 percent while keeping it unchanged for 2022 at 4.9 per cent. However, this modest headline revision masks large downgrades […]

WTO
Business

Support the nation’s economy for peace, Okonjo-Iweala counsels Nigerians abroad

The Daily Leaks

Dr Ngozi Okonjo-Iweala, the Director-General (DG) of the World Trade Organisation (WTO), has said the contributions of Nigerians at home and abroad could positively impact the nation’s economy to bring about peaceful coexistence. The DG […]

Recession
Business

Nigeria exits recession as GDP grows by 0.11% in Q4 2020

The Daily Leaks

Africa’s biggest economy, Nigeria, has exited recession with its economy witnessing a surprise rebound, recovering faster than expected as the oil price and output increase this year. This development could also point to the growing […]

Australian
Business

Australian economy rebounds more quickly than expected amid coronavirus recession

The Daily Leaks

The Australian economy is rebounding strongly from the economic havoc of the coronavirus recession, Treasurer Josh Frydenberg says, but insists the road ahead remains challenging. Mr Frydenberg released his mid-year budget update on Thursday, revealing […]

Recession
Business

Nigeria’s economy slips into recession, statistics office says

The Daily Leaks

Africa’s biggest economy, oil-rich Nigeria, slipped into recession for the second time in four years. Hit by both the coronavirus pandemic and falling oil prices, official figures revealed the economic status of Nigeria, on Saturday. […]

Corruption, Osinbajo
Latest News

Osinbajo worried, says poverty, economic distortions deepening daily in Nigeria

The Daily Leaks

Vice President Yemi Osinbajo, is worried over the rising poverty level among Nigerians, and the state of the economy, which he said is being faced with distortions and hardship, daily deepening in the country. Consequently […]

Naira
Business

Oil rebound eases Nigerians, investors concerns about devaluation of naira

The Daily Leaks

Nigerians and others who trade in the country’s currency, naira, can now heave a sigh of relief with the rebound in oil prices which has given naira a reprieve, easing investors’ concern that a steep […]

Economy
Latest News

COVID-19: Lagos may fully reopen economy, churches, mosques in 3 weeks

The Daily Leaks

•Embarks on assessment of readiness of businesses •LASEPA, Safety Commission to re-register, assess businesses before  •Infected govt house staff recovered —Governor Sanwo-Olu Nigeria’s commercial nerve centre, Lagos State, is considering full re-opening of the critical […]

India
Latest News

COVID-19: India PM Modi offers $270 billion as economic relief for labourers, small businesses

The Daily Leaks

India’s Prime Minister Narendra Modi unveiled on Tuesday a $270 billion stimulus package for laborers and small businesses to boost flagging growth as the country grapples with the impact of the coronavirus and weeks-long lockdown. […]

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