Businesses in Nigeria are optimistic that the nation’s economy will record improvement this month relative to November, the Central Bank of Nigeria (CBN)’s November 2020 Business...
Central Bank of Nigeria (CBN) Governor Godwin Emefiele has affirmed that Nigeria must give considerable focus to productions to expand the economy. Emefiele stressed that the...
Governors of the 36 states in the country will meet on Wednesday to review the current security situation in the land. The Head of Media and...
The total credit granted by lenders to support the economy from the end of August to 13th November advanced from N19.33 trillion to N19.54 trillion, equivalent...
Nigerian billionaires and large businesses are committing enormous cash into Africa’s biggest economy despite the harsh investment climate to draw foreign investors as the nation slips...
Consumers’ overall outlook on the Nigerian economy was bleak in the third quarter, as they were pessimistic in their outlook, the Central Bank of Nigeria (CBN)’s...
President Muhammadu Buhari has said that Nigeria must do everything within its power to avoid a second wave of COVID-19. He said the nation’s economy remained...
The Nigerian Economic Society (NES), a private sector economic think-tank, on Tuesday said the non-inclusion of its members on President Muhammadu Buhari’s National Economic Management Team...
Nigeria’s Purchasing Manager Index (PMI), which measures the economic health and the prevailing direction of the manufacturing and service sectors from the opinions and views of...
Banks’ lending to various economic sectors leapt by N3.77 trillion or 24.2% to N19.33 trillion in the fifteen months to August 2020, the Central Bank of...
The Federal Government of Nigeria will spend the sum of N2.3tn to reposition the nation’s economy, so says Special Adviser to the President on Media and...
Governors of the six North-East states met on Saturday in Maiduguri, Borno State, to deliberate on how to tackle the Boko Haram insurgency in the region....
The Federal Government of Nigeria has warned that a second wave of the deadly COVID-19 disease will destroy the economy and cause many deaths. The warning...
Businesses in Nigeria are nursing the hope that the economic conditions in Nigeria in the month ahead will better those of July even though this optimism...
The total exposure of banks to the economy ballooned by N3.3 trillion at the end of June compared to the corresponding period of May, the Central...
Business operators in various sectors expressed pessimism in Nigeria’s economy in the month of June, a new report by the Central Bank of Nigeria (CBN) revealed...
The Minister of Mines and Steel Development, Olamilekan Adegbite, has said the Nigerian government has prioritised seven of the country’s strategic minerals to harness the potential...
Nigeria needs a minimum infrastructure spending equivalent to 18 per cent of its Gross Domestic Product by 2030 in order to attain Sustainable Development Goals, the...
The federal government of Nigeria is making moves to reopen the economy which has been on lockdown for over a month due to the outbreak of...
Constrained by the adverse effects of the COVID-19 pandemic on its operations and the larger economy, the Association of Private Transport Companies of Nigeria (APTCON) has...
Since the beginning of this year, the world attention is on Corona Virus Disease 2019 otherwise known as COVID-19. What is said to have originated in...
Forgive me if I repeat myself. I may have written about some of what I will write about here at a previous recent occasion. I am...
The Consumer Expectations Survey Report (CES) of the central bank for the first quarter of this year suggests that individual Nigerians as well as businesses are...
“The All Progressives Congress (APC) and the Buhari Presidency have finally wrecked our nation’s economy and there is no hope in sight under their control”, the...
President Muhammadu Buhari on Wednesday approved the reduction in pump price of Premium Motor Spirit (PMS) from N145 per liter to N125. The President gave the...
President Muhammadu Buhari on Monday set up a committee headed by the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, to assess the impact...
The Federal Government on Tuesday unveiled its plan to take a $17 billion credit line from China-Exim Bank. Zainab Ahmed, the Finance Minister, made the disclosure...
The member Representing Apapa Federal Constituency at the House of Representatives, Hon. Mufutau Egberongbe, has kicked against the practice of borrowing money by government to pay...
Former President Olusegun Obasanjo on Sunday urged Nigerians to promote and patronise locally made products, saying that is the only way to grow the nation’s economy....
A recent review of the 2020 outlook of the Nigerian economy, detailing the prospects of key measures defining possible fiscal growth, has revealed the odds of...
The Federal Government has challenged commissioners of budget and economic planning in the states of the federation to device alternative means of revenue generation for the...
In a bid to ensure that unclaimed dividends are cleared, the Securities and Exchange Commission (SEC) at the weekend said there is no timeline yet for...
Vice President Yemi Osinbajo on Thursday said Nigeria needed mobilization of domestic savings and foreign capital to finance the country’s infrastructure, agriculture, housing, SMEs, and other...
A call has been made by ActionAid Nigeria (AAN) for the immediate reduction of the salaries and allowances of all lawmakers and political office holders in...
Following the release of the latest World Bank’s Ease of Doing Business ranking where Nigeria moved up 15 spots on the ladder, the All Progressives Congress...
There has been a lot of uproar from Nigerians about the amount budgeted for debt servicing (N2.75 trillion), recurrent(N4.88 trillion), and capital expenditure (N2.14 trillion) in...
President Muhammadu Buhari said on Monday that a significant proportion of Nigeria’s wealth is concentrated in the hands of a few people. He said the few...
Renowned Islamic scholar and preacher, Sheikh Ahmed Gunmi, on Thursday, lamented what he described as serious damage to the Nigerian economy. He stated, that the damage...
A report by the Nigerian Investment Promotion Commission, NIPC, has revealed that the Nigerian economy recorded a total investment commitment of $15.15 billion in the first...
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has painted a gloomy picture for the Nigerian economy under the President Muhammadu Buhari administration, saying...
Vice-President Yemi Osinbajo has downplayed the Nigeria’s growing debt burden, insisting that it is one of the lowest in the world when compared to the size...
Any increase in the percentage payable as Value Added Tax, VAT, in the country will adversely affect the Nigerian economy and slow it down, Actionaid Nigeria...
Few days into the last quarter of the year, the federal government is yet to begin the implementation of the 2018 capital budget, a development that...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday retained the key lending rate at record-high of 14 percent for the...
Vice President Yemi Osinbajo has attributed the nation’s high poverty population to the neglect of the country’s informal sector. The informal sector of the economy implies...
The Nigerian port users are counting their losses occasioned by a variety of factors, especially the recession that hit the economy as well as the deplorable...
President Muhammadu Buhari has again acknowledged that Nigerians are going through tough economic times, but stated that “the worst is over”. The president stated this on...
Nigeria can fund its national budget for ten years with the potential of traditional medicine raking in over $250 billion (N80 trillion) yearly into the economy....
The Upper Legislative Chamber, on Monday, descended heavily on the Peoples Democratic Party (PDP) saying the party which lost power at the centre in 2015, destroyed...
The Senate, on Tuesday, came hard on commercial banks in the country and the Central Bank of Nigeria (CBN), accusing them of strangulating Small and Medium...