PM News Nigeria

IMF trims emerging market growth outlook

Christine Lagarde, IMF Managing Director

Emerging markets face increasing risks, the International Monetary Fund (IMF) has warned as it trimmed its outlook for the countries which have been the main driver of global growth in recent years. Emerging and developing nations, which includes rising economic powerhouses China, India and Brazil, should register 4.9-percent growth in 2014 the IMF said. That […]

Pistorius: Reeva Steenkamp was scared of me

Reeva and Pistorius: Before the shocking murder

Oscar Pistorius, South Africa’s Star Paralympian, returned to the witness box at his murder trial on Tuesday, insisting he and girlfriend Reeva Steenkamp had a loving relationship and saw a future together before he shot her dead on Valentine’s Day. He however also disclosed a text message by her murdered girlfriend, in which she expressed […]

Murder trial: Pistorius opens defence

Pistorius : in the dock

Lawyers for Oscar Pistorius called a forensic pathologist to the stand Monday to open his defence in the trial over the murder of South Africa model, Reeva Steenkamp, his girlfriend. The star athlete is expected to testify thereafter. Barry Roux called former state pathologist Jan Botha, who has carried out about 25,000 autopsies, to testify. […]

Economists shrug at Nigeria’s growth jump

Dr Yemi Kale, Statistician-General and CEO National Bureau of Statistics, during his presentation

. The view abroad is that rebasing is an exercise in vainglory South Africa remains the most important economy in the continent despite being overtaken by Nigeria as Africa’s biggest, South African economists said. The result of a long awaited rebasing of Africa’s most populous nation showed that Nigeria’s GDP of $453 billion in 2012 […]

Nigeria overtakes South Africa as the continent’s largest economy

Dr Ngozi Okonjo Iweala, Minister of Finannce, during her address

Nigeria has overtaken South Africa as the continent’s largest economy with a GDP of $453 billion in 2012, officials said Sunday. The figure is based on a long-overdue rebasing of Nigeria’s gross domestic product to reflect changes in the structure of production and consumption, and compares with South Africa’s 2012 result of $384 billion. South […]

Who cares if Nigeria is Africa’s biggest economy?

Mr. Bayo Onanuga

By Bayo Onanuga Nigeria will any moment from now announce itself on the world stage as Africa’s biggest economy, eclipsing South Africa, which has claimed the diadem for decades. Nigeria’s claim for Africa’s economic leadership is not because we have re-invented the wheel of industrialization or increase phenomenally the output of whatever we produce. It […]

Teacher Beats Student To Death For Making A Noise

•The late Sizwe

A teacher in South Africa has allegedly beaten a 16-year old student to death for apparently making a noise during a lesson. The teacher, who may be charged with murder, allegedly beat the student around the head with a belt, police say. The incident left Sizwe Kubheka, 16, deaf and with a badly swollen face, […]

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