The World Bank on Wednesday projected a 2.9 percent growth in Gross Domestic Product (GDP) for the Nigerian economy this year. The World Bank stated this...
President Muhammadu Buhari has unveiled Nigeria’s National Development Plan 2021-2025 to succeed the Economic Recovery and Growth Plan (ERGP 2017-2020). Buhari made this presentation on Wednesday...
Nigeria’s economy remains the largest in Africa after South Africa rebased its economy to include new sectors that sprang out in recent years within the country....
The International Monetary Fund (IMF) has stated that Nigeria is at a critical point, with the country’s economy projected to record a sluggish growth following its...
In order to improve investment decisions and identify sectors of Nigerian economy that require government intervention, the Federal Government has partnered with the World Bank to...
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...
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...
President of Dangote Industries Limited, Aliko Dangote, has disclosed plans of the company to increase cement exports to $600million. With this annual target, the company would...
Vice President of Nigeria, Professor Yemi Osinbajo, on Monday at ‘Financial Times Africa Summit’, holding in London, told his audience the reasons Nigeria’s economy has been...
Acting President, Yemi Osinbajo has restated Federal Government’s plan in including private sector players in revamping the economy. Osinbajo made this known during the third quarterly...
More than 30 per cent of countries in Africa, including Nigeria, are lagging behind in eradicating extreme poverty and hunger in the last five years. This...
In spite of what looks like Nigeria’s delisting of the International Monetary Fund (IMF) from creditor institutions for its current quest for loan facilities, its management...
One of the international rating agencies, Fitch Ratings, has lowered the rating of the Nigerian-based Bank of Industry (BOI) from B+ to B category. In the...
For the first time visitor to Aba, the allure of its fast-paced commercial life can be overwhelming. The city houses Ariaria Market, known not just for...
Barely a week after the International Monetary Fund (IMF) predicted Nigeria’s exit from recession in 2017, it has idendified fresh huddles that could make the envisioned...
The Nigerian Development Insurance Corporation (NDIC) has expressed fears that a number of banks in the country may not survive the economic recession presently hitting the...
Nigeria’s hope of successfully borrowing from major credit outfits, will depend on the its ratings by international agencies, so says officials of one of the institutions...
Policy makers have remained upbeat on their expectations of naira rise in value as Nigerians abroad plan to repatriate about $1.5 billion into the country, between...
Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Tuesday, at the MPC confirmed that there will be no downward review of the high...
Godwin Emeifele, Governor of the Central Bank of Nigeria, CBN, has charged the federal government to begin taxing callers who spend above three minutes as part...
The National Bureau of Statistics, NBS, recently released another frightening figure indicating that the current inflation rate in the country is on the rise, and that...
The Eighth Senate wiil on Wednesday November 9, 2016, consider a legislation to reform the administration and management of the customs and excise system in Nigeria....
Nigeria will be drawing about €120m annually in the next six years, totaling €720million by 2022 as loan facility from the European Union in support of...
Despite high hope by Nigerians for some reprieve from the hardship caused by the recession, the Minister of Information and Culture, Alhaji Lai Mohammed, has predicted that this year’s Christmas might be celebrated without much relief. According to the Minister, until...
The World Bank has declared Ghana as now the best country for doing business in West African sub region, beating Nigeria to second position, with Ivory...
Union Bank of Nigeria (UBN) Plc has announced its earnings for the third quarter, showing 39 per cent growth in pre-tax profit to N13.3 billion and...
Nigeria may just be on the verge of overcoming its economic recession, which has been occasioned by a scarcity of dollars, due to dwindling oil revenues...
It seems that all attempts by the Central Bank of Nigeria (CBN) to shore up the country’s external reserves have failed as the reserves hit an all time low of $24.21bn in October from $25.8bn in September 2016, according to...
Nigerian government has been warned of the danger in obtaining loans, indiscriminately, from international financial institutions with which to fight recession. The negative impact of the...
United Bank for Africa (UBA) recorded modest growths in top-line earnings and profit as the bank grew its profit before tax to N61.6 billion in the...
The overall market position at the Nigerian stock market again closed on the positive on Tuesday as large-cap stocks overshadowed underlying widespread selling sentiments. For the...
The much feared economic recession has started taking its tolls on the manufacturing sector in Nigeria with some medium sized firms already on the verge of...
Nigeria’s Debt Management Office (DMO), said its one-week roadshow had successfully taken off in London aimed, at promoting a planned $1 billion investment loan into the...
THE African Development Bank (AfDB) says it will only extend further help towards Nigeria’s recovering from its recession only if it increases taxes, reduce interest rate...
The European Union, EU, has advised the Federal Government on a number of steps to take to tackle the current economic recession in the country. ...
As Nigeria marks 56 year of nationhood as an independent state, messages have been pouring in from within and outside its shores congratulating and encouraging the...
For the giant of Africa, Nigeria to continue to function as a nation-state and play its role in the comity of nations, urgent step should be...
Economic growth in the sub-Saharan Africa is likely to slip 1.6 per cent by the end of 2016, its lowest level in two decades. This is...
The conflicting statements from the Minister of Finance, Mrs. Kemi Adeosun, and CBN Governor, Godwin Emefiele, on how an end Nigeria’s economic recession has led the...
Hopes that Nigeria’s economy may be receiving the right treatment for its multifaceted ills were Wednesday queried by a top Central Bank of Nigeria (CBN) official,...
There is a renewed pressure on President Muhammadu Buhari to reduce the number of jets in the presidential fleet, from its present 10 to at most...
The real sector, represented by the Manufacturers Association of Nigeria (MAN), has stoutly stood against the current efforts aimed at renewing the ECOWAS/EU Economic Partnership Agreement...
There were strong indications as schools resumed academic activities on Monday that private schools in Nigeria have been hit by the economic rescission. They recorded low...
Despite the assurance by the CBN Governor, Godwin Emefiele, that Nigeria’s economic woes were getting over, a global rating agency, Standard and Poor (S&P.), at the weekend downgraded the country into what it termed “junk...
A renowned economist, Prof. Pat Utomi says that the recession the nation has found itself was caused by bad policies of government, and not the drop...
As Nigeria pushes for economic development, it is important for the federal government to renegotiate the structure of government in the country. The present system that...
The level of poverty (productivity index) in Nigeria has maintained a constant rise, reaching its all-time high of 72 percent by August 2016. This is contained...
President of the Senate, Dr. Bukola Saraki, has stated that the time for identifying the cause of the economic recession and those responsible was over and...
President of the Senate, Dr. Bukola Saraki, on Sunday advocated for teacher’s salaries to become an item in the capital expenditure in the budget of state...
Nigeria economic meltdown has seen operators in its telecommunications sector losing more than 60 million lines at the end of second quarter of 2016, according to...
