CNNMoney Rates
Nigeria ‘Worst
Performer In Africa’
AGENCY REPORTS, Friday
Atufe
— Mar 21, 2015 | 0
Comments
CNNMoney has declared
the country as the worst
performing economy in
Africa.
According to the business
analysis programme, the
country is facing harsh
economic realities and a
rapid depletion of its
reserves.
“Nigeria’s currency is
trading at a record low
against the United States
(US) dollar,” it said.
“The stock market has
slumped 15 percent this
year –making it the worst
performer in Africa – and
financial reserves are
being depleted.”
In January, CNNMoney
had ranked Nigeria next
to China and Qatar in its
rating of fast-growing
economies – a survey
based on International
monetary fund (IMF)
world economic outlook.
“By our estimate, the
fastest growing
economies in 2015 will be
China, Qatar and Nigeria.
Nigerian economy,
growing by 7.0 percent,
came after China 7.3
percent and Qatar 7.1
percent,” CNNMoney said
in January.
The American business
news outfit further said
the country is
experiencing a fall in its
oil production capacity,
political uncertainty and
insurgency.
“Nigeria is currently
pumping about 1.8 million
barrels of crude oil per
day, making it OPEC’s 7th
biggest producer –
alongside Angola,” it
added.
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leadership.ng/news/419081/cnnmoney-rates-nigeria-worst-performer-in-africa

GEJ, NOI n TANoids over to U.

Fear not and remain calm. Change is here. One week to go guys.

And so? Do you know how much the Chinese yearn (dunno if I spelt it right) is to the dollar? That's how they keep rating China low while China is taking over the world economy. More cash going out means lower inflation. So leave us to grow at our pace. These Americans would try to hurt us and then turn around to judge us

liberty300:
And so? Do you know how much the Chinese yearn (dunno if I spelt it right) is to the dollar? That's how they keep rating China low while China is taking over the world economy. More cash going out means lower inflation. So leave us to grow at our pace. These Americans would try to hurt us and then turn around to judge us

Shat ap there! Now you are abusing the Americans. But when one of them says something unfavorable about the incoming President Buhari you will clap for them.

Same people that said Nigeria has the 3rd largest growing economy in the world...lmao!!

cnn is an APC channel.

minister2015:
CNNMoney Rates
Nigeria ‘Worst
Performer In Africa’
AGENCY REPORTS, Friday
Atufe
— Mar 21, 2015 | 0
Comments
CNNMoney has declared
the country as the worst
performing economy in
Africa.
According to the business
analysis programme, the
country is facing harsh
economic realities and a
rapid depletion of its
reserves.
“Nigeria’s currency is
trading at a record low
against the United States
(US) dollar,” it said.
“The stock market has
slumped 15 percent this
year –making it the worst
performer in Africa – and
financial reserves are
being depleted.”
In January, CNNMoney
had ranked Nigeria next
to China and Qatar in its
rating of fast-growing
economies – a survey
based on International
monetary fund (IMF)
world economic outlook.
“By our estimate, the
fastest growing
economies in 2015 will be
China, Qatar and Nigeria.
Nigerian economy,
growing by 7.0 percent,
came after China 7.3
percent and Qatar 7.1
percent,” CNNMoney said
in January.
The American business
news outfit further said
the country is
experiencing a fall in its
oil production capacity,
political uncertainty and
insurgency.
“Nigeria is currently
pumping about 1.8 million
barrels of crude oil per
day, making it OPEC’s 7th
biggest producer –
alongside Angola,” it
added.
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I guess Ghana is not in Africa.

The bitter truth: Nigeria state is in serious crises from economy to insecurity. Things are utterly falling apart, yet NOI keeps deceiving gullible nigerians that Nigeria is the biggest economy in AFRICA, hw possible is that with a power capacity of 4000MW. SouthAfrica has 45000MW generating capacity.